Warner Bros. Discovery Inc. Series A is a media and entertainment company that was formed through the merger of WarnerMedia and Discovery, Inc. The merger was announced in May 2021 and is expected to be completed in mid-2022, subject to regulatory approvals. The new company will bring together the assets of both WarnerMedia, a subsidiary of AT&T, and Discovery, Inc., to create a global media powerhouse.
Warner Bros. Discovery Inc. will have a diverse portfolio of entertainment assets, including popular television networks such as HBO, CNN, Cartoon Network, and Discovery Channel, as well as a vast library of content from Warner Bros. Entertainment, which includes iconic film franchises like "Harry Potter" and "The Lord of the Rings."
The history of Warner Bros. dates back to 1923 when four brothers, Harry, Albert, Sam, and Jack Warner, founded the studio in Hollywood, California. Over the decades, Warner Bros. has become one of the major players in the entertainment industry, producing numerous blockbuster films and television shows.
Discovery, Inc. has a history dating back to 1985 when John Hendricks founded the company. Originally focused on documentary content, Discovery has grown to become a global leader in non-fiction media, operating a wide range of factual television networks around the world.
The merger is expected to create significant opportunities for growth and innovation in the entertainment industry, as the new company will have the resources and scale to invest in original content production and expand its streaming services to reach a broader audience.