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AT&T Exploring Combination Of Media Assets With Discovery

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deadline.com
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AT&T and Discovery are pursuing a merger of their entertainment assets that would reshape the media business, particularly the fast-growing realm of streaming.A person familiar with the situation confirmed to Deadline that talks are ongoing.

The configuration is said to be a joint venture, with details still being finalized. WarnerMedia had already been talking with NBCUniversal about a similar arrangement in recent months, though those discussions did not end up bearing fruit.Bloomberg, citing unidentified sources, had the first report, said a deal could be announced as soon as this week.A Discovery rep declined to comment on the report when contacted by Deadline.

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