By Jennifer Smith and Associated Press
AT&T is merging its entertainment brands with Discovery’s to create a new streaming service that will take on Netflix and Disney, putting CNN under the same roof as HGN and HBO Max.
The $43billion deal was announced on Monday. Discovery CEO David Zaslav will serve as CEO of the new company, which has a name but which hasn’t been announced.
The Financial Times cited sources on Monday saying the proposed name is Warner Discovery.
It’s unclear how much the new service will cost monthly, and where it’ll be available when it launches next year.
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