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Shock AT&T-Discovery Deal Raises Questions For Global Streaming Expansion
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variety.comManori Ravindran International EditorIf AT&T and Discovery’s shock announcement underlines any learnings in recent years, it’s that legacy media is fighting back.
And for this particular deal, a key battleground could be overseas.The new combination of WarnerMedia and Discovery, a closely guarded manoeuvre relegated to C-suite executives, has come as a surprise to the vast majority of staff in both companies’ international camps, who hope a town hall quickly scheduled for Tuesday will clear up confusion around what’s to come — one of the most urgent matters, by most accounts, being what lies ahead for each company’s much-ballyhooed streaming offering.“My first reaction was, ‘Wow!’” says Mathew Horsman, director of London-based consultancy.
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