Bloomberg reports that the early talks could see the companies bring their vast entertainment portfolios together, with AT&T’s WarnerMedia owning networks like HBO, CNN, TNT, TBS and the HBO Max streaming service while Discovery brings its own streaming service, Discovery+, along with networks like HGTV, Discovery Channel, Animal Planet, Food Network and TLC.
It is unclear how large the scope of the potential merger would be or if it would impact the two fledgling streamers. The rise of multiple streaming services has led to bundle offers like Disney’s package of Disney+, Hulu and ESPN+ while others have merged entirely, as the WWE Network shut down in the U.S.
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