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Weird Guy
Joined: 24 Jan 2018
Posts: 139
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 Posted: Mon May 17, 2021 10:16 am
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The debt will go even further and beyond 
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ErikaD.D
Joined: 09 Jun 2019
Posts: 660
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Posted: Mon May 17, 2021 10:59 am
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Will DoJ stop it like with Sony on CR?
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chronium
Joined: 25 Apr 2005
Posts: 296
Location: Canada
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Posted: Mon May 17, 2021 12:26 pm
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They won't stop it but they could force changes to the deal like NBC and CBS can't be owned by the same company and other things like that.
Heck they won't stop Sony and CR they're just investigating at the moment but it's highly unlikely they'll stop it.
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Rob49152
Joined: 19 Dec 2014
Posts: 120
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Posted: Mon May 17, 2021 12:47 pm
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I am dreading the launch of yet another cash-grab streaming service.
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Covnam
Joined: 31 May 2005
Posts: 3904
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Posted: Mon May 17, 2021 1:00 pm
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It will be a while before we see anything presuming this goes through, but it'd be nice if Discovery+ content came to HBOMax.
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Wyvern
Joined: 01 Sep 2004
Posts: 1627
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Posted: Mon May 17, 2021 1:01 pm
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AT&T really had no idea what they were doing when they bought WarnerMedia. They've been fumbling and screwing up everything since the deal went through. Spinning it off into its own company will make it easier to sell the whole thing later if they decide to. This is almost exactly what happened when AOL bought Warner years ago. It was a fiasco and they lost billions on it before getting rid of the company completely.
The problem isn't Warner Bros, mind you. The problem is that AT&T (like AOL) is not an entertainment company and thus shouldn't go around buying them up.
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Zendervai
Joined: 06 Apr 2012
Posts: 205
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Posted: Mon May 17, 2021 2:21 pm
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| Wyvern wrote: | | AT&T really had no idea what they were doing when they bought WarnerMedia. They've been fumbling and screwing up everything since the deal went through. Spinning it off into its own company will make it easier to sell the whole thing later if they decide to. This is almost exactly what happened when AOL bought Warner years ago. It was a fiasco and they lost billions on it before getting rid of the company completely. |
I saw one response that was basically that AT&T has zero clue how to operate in a competitive market. American telecoms basically carved up the market and operate as regional monopolies, so when in a situation with genuine competitors who are already well ahead of where they were, they didn't know how to react and were just trying to copy Disney without any understanding of why Disney's approach worked.
| Quote: | | I am dreading the launch of yet another cash-grab streaming service. |
This is very unlikely to happen. Discovery already has a streaming service, and Warner Media has HBO Max. They'll either just keep them the same or combine them.
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chronium
Joined: 25 Apr 2005
Posts: 296
Location: Canada
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Posted: Mon May 17, 2021 2:22 pm
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Oh I misunderstood what is going on. I thought AT&T sold Warner outright but what they're really doing is just getting a large portion of debt off their books and really putting it in a new company. The Discovery CEO is going to lead the company but AT&T execs are on the board.
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nickp1991
Joined: 29 Mar 2021
Posts: 4
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Posted: Mon May 17, 2021 2:33 pm
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Wonder if Discovery Family will fold into Cartoon Network
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Lann
Joined: 12 Dec 2006
Posts: 280
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Posted: Mon May 17, 2021 3:00 pm
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And yet they still don't call themselves the obvious name Warner Bros+. International markets don't know of HBO, nor AT&T. Warner Bros has always been seen as Disney's direct rival. This is a no brainer IMHO.
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Ushio
Joined: 31 Jul 2005
Posts: 636
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Posted: Tue May 18, 2021 6:22 am
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| ErikaD.D wrote: | | Will DoJ stop it like with Sony on CR? |
Why? this makes AT&T a lot smaller and unlike Disney/Fox, Warner and Discovery are both smaller and more niche.
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Blood-
 Bargain Hunter
Joined: 07 Mar 2009
Posts: 24630
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Posted: Tue May 18, 2021 6:38 am
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| Quote: | | In the all-stock transaction, AT&T would receive $43 billion in cash, debt securities, and "WarnerMedia's retention of certain debt." |
Don't the two bolded sections contradict each other?
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Ushio
Joined: 31 Jul 2005
Posts: 636
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Posted: Tue May 18, 2021 6:39 am
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| Wyvern wrote: | | AT&T really had no idea what they were doing when they bought WarnerMedia. They've been fumbling and screwing up everything since the deal went through. Spinning it off into its own company will make it easier to sell the whole thing later if they decide to. This is almost exactly what happened when AOL bought Warner years ago. It was a fiasco and they lost billions on it before getting rid of the company completely.
The problem isn't Warner Bros, mind you. The problem is that AT&T (like AOL) is not an entertainment company and thus shouldn't go around buying them up. |
AT&T bought Time Warner for two main reasons. First to counter Comcast jacking up affiliate fees for NBCUniversal channels to AT&T and secondly so that AT&T could decrease it's affiliate fee costs.
When cable cutting especially of satellite TV providers accelerated AT&T divested it's TV assets and with no TV assets to pay affiliate fees on keeping Warner Media no longer served a real purpose.
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