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AT&T, Discovery deal highlights media's thirst to be like Netflix

Since AT&T bought Time Warner in 2018 to compete with Netflix and Disney, the world of streaming video has only gotten more cutthroat

Topics
AT&T deal | Discovery Network | Netflix

Reuters 

By Helen Coster (Reuters) - Since AT&T bought Time Warner in 2018 to compete with Netflix and Disney, the world of streaming video has only gotten more cutthroat. The telecom giant's deal with Discovery Inc, announced Monday, marks the latest shift in the remaking of the media industry and the potential beginning of another round of consolidation. An earlier wave three years ago resulted in media mogul Rupert Murdoch leaving Hollywood and Viacom and CBS recombining. The deal combining Discovery with AT&T Inc's WarnerMedia underscores the value of scale in today's ...

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First Published: Tue, May 18 2021. 06:49 IST
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