As the news sank in about AT&T winding down its Hollywood foray via a $43 billion merger of WarnerMedia and Discovery, one word summed up the film industry’s prevailing reaction.Relief.Not only does the deal end the three-year shadow cast by AT&T, numerous sources told Deadline, but it averts another scenario — a tie-up with NBCUniversal — with more dire implications.Few mergers are perfect, and the time between now and the close of the Discovery-WarnerMedia deal next year promises to be a daunting stretch with yet more executive comings and goings.
But numerous people in the film world Deadline spoke with felt a newfound sense of optimism about life under David Zaslav. The longtime Discovery boss, who will run the combined entity, is
Read more on deadline.com
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