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Discovery CEO David Zaslav “Happy” About Amazon-MGM Deal In Light Of WarnerMedia Merger Plan

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deadline.com
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Discovery CEO David Zaslav, a week after announcing a $43 billion deal to merge with WarnerMedia in a spinoff from AT&T, sees validation in today’s news that Amazon is swallowing MGM.“I don’t think Amazon got the idea for Amazon from us, but we’re happy about that deal,” he said at a virtual conference hosted by J.P.

Morgan. “Look at the value. It’s all about the IP. Bob Iger said that to me eight years ago. Everybody said, ‘What are you doing with Pixar?

You’re overpaying. You overpaid for Star Wars.'”He claimed that AT&T’s media portfolio contains “the greatest treasure of global IP that’s loved by everyone in the world.” Given the nearly $8.5 billion valuation for Amazon-MGM, he added, “You look at the value of MGM and you say, ‘Wow.

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