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25 items- NEWSBreaking Down AT&T's Stock After WarnerMedia Spin-OffNearly four years after fighting a hard battle to acquire WarnerMedia and accelerating its foray into the media business, AT&T (NYSE:T) has gone back to its roots to focus on being a telecommunications company. On April 8, AT&T completed the spin-off of 100% of its interest in WarnerMedia, which owns subscription service HBO Max and film production company Warner Bros., and merged it with Discovery Inc. (NASDAQ:DISCA) to form a mega-streaming platform to better take on giants like Netflix (NASDAQ:NFLX), Apple’s (NASDAQ:AAPL) Apple TV, and Disney+ and Hulu by Walt Disney (NYSE:DIS). Foray into media services AT&T completed its $85.4 billion acquisition of WarnerMedia, formerly Time Warner,
- NEWSBZ NOTE: HBO And CNN Are Now Owned By Warner Bros. Discovery After AT&T, Discovery Spinoff
- NEWS'Report: HBO Max Passes Disney+, Hulu in U.S. Market Share' -The Streamable Reporthttps://thestreamable.com/news/report-hbo-max-passes-disney-plus-hulu-in-us-marketshare
- NEWSAT&T Chief Looks To Boost Prices, Cut Costs Post Media Spinoff: WSJAT&T Inc (NYSE:T) CEO John Stankey saw inflation prompting him to raise prices for some core services while it continues to cut costs after getting out of the media business, the Wall Street Journal reports. Stankey saw a potential economic downturn, making its shares more attractive to investors looking for a business that performs well during such a slowdown. The wireless and broadband company completed the planned separation of its film-and-TV empire into Warner Bros Discovery. AT&T shareholders will get a 71% stake in the new entity, helmed by Discovery, Inc. - Series A (NASDAQ:DISCA) David Zaslav. WSJ noes that AT&T looked to use most of the $39 billion cash from its media sale to
- PRDiscovery and AT&T Close WarnerMedia TransactionCombination of Discovery and WarnerMedia Creates Warner Bros. Discovery, Global Leader in Entertainment and Streaming Warner Bros. Discovery to Begin Trading on the Nasdaq as "WBD" on Monday, April 11 Today Discovery, Inc. and AT&T Inc.* ((T) announced that they have closed their transaction to combine the WarnerMedia business with Discovery. The combination creates a premier standalone global media and entertainment company, Warner Bros. Discovery, Inc., which will begin trading on the Nasdaq with the start of trading on Monday, April 11, under the new ticker symbol "WBD." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202204080
- NEWSS&P Dow Jones Indices Says After AT&T Spinoff Of WarnerMedia, The New Company, Named Warner Bros. Discovery (Ticker WBD) Will Remain In S&P 500; Says AT&T Will Also Remain In S&P 500 And 100 Indiceshttps://www.spglobal.com/spdji/en/documents/indexnews/announcements/20220407-1451476/1451476_attspinwbd5.pdf
- NEWSDiscovery Chief Overhauls Leadership After WarnerMedia AcquisitionDiscovery, Inc. (NASDAQ:DISCA) CEO David Zaslav picked his lieutenants as senior leaders of the combined group after acquiring WarnerMedia from AT&T Inc (NYSE: T), the Financial Times reports. The $43 billion merger of Warner and Discovery will likely close by April 8. JB Perrette, who has led Discovery's international and streaming businesses, is set to run the streaming businesses of the combined Warner-Discovery. Also Read: AT&T To Spin Off Interest In WarnerMedia To Its Shareholders, Discovery CFO Confirms Merger With WarnerMedia's HBO Max App Kathleen Finch, another Discovery executive, will run the television channels, including TBS and TNT. Discovery's CFO will hold the equiva
- NEWSNine WarnerMedia Senior Executives Will Leave The Company As Part Of Merger With Discovery-Reuters
- NEWSWarnerMedia CEO Departs One Week Before Discovery MergerAT&T Inc (NYSE:T) WarnerMedia CEO Jason Kilar stepped down before Discovery, Inc (NASDAQ:DISCA) completed the acquisition of WarnerMedia, Variety reports. The transaction will be complete on April 11. The departure was likely as Discovery chief David Zaslav looked to run the combined company, Warner Bros. Discovery. Also Read: AT&T To Spin Off Interest In WarnerMedia To Its Shareholders, Discovery CFO Confirms Merger With WarnerMedia's HBO Max App Kilar became the CEO of WarnerMedia in April 2020, just as it looked to launch the streaming service HBO Max. Kilar's regime saw extensive executive shuffling and layoffs as it looked to reorient itself to fit a more streaming-centric future
- NEWSAT&T's WarnerMedia Chief Jason Kilar Says Will Depart Co. When WarnerMedia Merges With Discovery-Reuters citing tweet from CNN reporter
- NEWSAfter Formula One Success, Netflix Is Filming A Docuseries On This SportA streaming giant is expanding its coverage of sports leagues with a new docuseries set to follow an international sport that could gain in popularity in the U.S. with the additional coverage. What Happened: Netflix Inc (NASDAQ:NFLX) will film a docuseries based on the Tour de France cycling race. The series will be filmed during the 2022 cycling competition and follow eight teams. “We are very proud to unveil new aspects of the emblematic Tour de France. This is a unique opportunity to dive into the stories of its inspiring characters!” said Netflix manager of EMEA unscripted series for France Dolores Emile. Netflix will release the docuseries in eight episodes in the first quarter of 20
- NEWSDiscovery shares are trading lower. AT&T on Friday announced details for the completion of the WarnerMedia spin-off
- NEWSAT&T Announces Details For Completion Of WM Spin-Offhttps://about.att.com/story/2022/details-for-completion-of-warnermedia-spinoff.html Today AT&T Inc.* (NYSE:T) announced that it has declared a stock dividend to effect the spin-off of 100% of AT&T’s interest in WarnerMedia to AT&T’s shareholders. The record date for the stock dividend is the close of business on April 5, 2022. This stock dividend is in connection with the previously announced transaction to combine AT&T’s WarnerMedia business with Discovery, Inc. (NASDAQ:DISCA, DISCB, DISCK))). On the closing date of the transaction, anticipated to be in April, AT&T shareholders will receive, on a tax-free basis, an estimated 0.24 shares of stock in Warner Bros. Discovery, Inc. (WBD) for e
- PRAT&T Announces Details for Completion of Spin-Off Ahead of Close of WarnerMedia TransactionAT&T expects to close the transaction in April, second quarter dividend on common stock, payable in May, has been set according to previously announced updated dividend policy Today AT&T Inc.* ((T) announced that it has declared a stock dividend to effect the spin-off of 100% of AT&T's interest in WarnerMedia to AT&T's shareholders. The record date for the stock dividend is the close of business on April 5, 2022. This stock dividend is in connection with the previously announced transaction to combine AT&T's WarnerMedia business with Discovery, Inc. (NASDAQ:DISCA, DISCB, DISCK))). On the closing date of the transaction, anticipated to be in April, AT&T shareholders will receive, on a tax-f
- NEWSWatching Shares Of Discovery; Traders Circulate Puck.com Article Titled 'The Panic in Zazworld'https://puck.news/the-panic-in-zazworld/#
- PRDiscovery, Inc. Announces Full Slate of Board Designees for Warner Bros. Discovery, Inc.Board designees announced in anticipation of the Q2 closing of the Discovery, Inc. and WarnerMedia combination Designees will bring deep media industry expertise, extensive qualifications, and diverse experience Samuel A. Di Piazza to become Board Chair NEW YORK, March 15, 2022 /PRNewswire/ -- Discovery, Inc. (NASDAQ:DISCA, DISCB, DISCK))) today announced the full slate of director designees for the combined company, Warner Bros. Discovery, Inc. ("WBD"). The directors will be elected and begin serving on the WBD Board effective at the closing of the proposed combination of Discovery, Inc. and WarnerMedia, which is expected to occur early in the second quarter of 2022.
- NEWS10 Communication Services Stocks With Whale Alerts In Today's SessionThis whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Communication Services sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume FB PUT TRADE BEARISH 03/18/22 $180.00 $32.0K 10.7K 9.4K BIDU PUT TRADE BUL
- NEWSDiscovery CFO Confirms Merger With WarnerMedia's HBO Max AppDiscovery Inc(NASDAQ: DISCA) CFO Gunnar Wiedenfels confirmed its merger with AT&T Inc (NYSE: T) WarnerMedia at the Deutsche Bank 30th Annual Media, Internet, & Telecom Conference, the Verge reports. Wiedenfels looks to bundle the two streaming services (Discovery Plus and HBO Max) into one offering. Wiedenfels believed that combining the two streaming services would better reach both male and female demographics than the respective services did on their own. Related Content: AT&T And Discovery Confirm B Media Merger: What You Need To Know Discovery Plus and HBO Max currently maintain ad-supported and ad-free tiers, with Discovery Plus’ charging $4.99 a month and $6.99 a month, HBO Max c
- NEWS'HBO Max and Discovery Plus Will Be Combined by Warner Bros. Discovery, Discovery CFO Confirms' -Variety Reporthttps://variety.com/2022/tv/news/hbo-max-discovery-plus-combined-streaming-service-bundle-1235204060/
- NEWSShares of several companies in the broader communications services sector are trading lower amid continued uncertainty from the Russia-Ukraine conflict as overall market weakness weighs on stocks.
- NEWS10 Communication Services Stocks Whale Activity In Today's SessionThis whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Communication Services sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume DISCA CALL SWEEP BULLISH 01/20/23 $45.00 $52.5K 75.1K 10.8K BILI PUT SWEEP
- NEWSDiscovery, Inc. Stockholders Approve Proposals Related to Discovery, Inc.'s Acquisition Of WarnerMediaNEW YORK, March 11, 2022 /PRNewswire/ -- Discovery, Inc. (NASDAQ:DISCA, DISCB, DISCK))) today announced that the Company's stockholders have approved various matters relating to the acquisition of WarnerMedia from AT&T to create Warner Bros. Discovery, Inc., a premier, global entertainment company. The transaction will bring together WarnerMedia's premium entertainment, sports and news assets with Discovery's leading nonfiction and international entertainment and sports businesses. At the Special Meeting of Discovery Stockholders held earlier today, based on estimated preliminary voting results, Discovery stockholders voted to approve the charter amendment proposals, share issuance proposal
- PRDiscovery, Inc. Stockholders Approve Proposals Related to Discovery, Inc.'s Acquisition of WarnerMediaNEW YORK, March 11, 2022 /PRNewswire/ -- Discovery, Inc. (NASDAQ:DISCA, DISCB, DISCK))) today announced that the Company's stockholders have approved various matters relating to the acquisition of WarnerMedia from AT&T to create Warner Bros. Discovery, Inc., a premier, global entertainment company. The transaction will bring together WarnerMedia's premium entertainment, sports and news assets with Discovery's leading nonfiction and international entertainment and sports businesses. At the Special Meeting of Discovery Stockholders held earlier today, based on estimated prelimin
- PRDiscovery Announces Pricing of $30.0 Billion Senior Notes Offering by Magallanes, Inc.NEW YORK, March 9, 2022 /PRNewswire/ -- Discovery, Inc. ("Discovery" or the "Company") (NASDAQ:DISCA, DISCB, DISCK))) announced today that Magallanes, Inc. ("Spinco"), a wholly-owned subsidiary of AT&T Inc. ("AT&T"), priced an offering of $30.0 billion aggregate principal amount of senior unsecured notes, comprised of the following tranches (collectively, the "Notes"): $1.75 billion aggregate principal amount of its 3.428% Senior Notes due 2024, $500.0 million aggregate principal amount of its 3.528% Senior Notes due 2024, $1.75 billion aggregate principal amount of its 3.638% Senior Notes due 2025, $500.0 million aggregate principal amount of its 3.788% Senior Notes due 2025, $4.0 billion a
- PRDISCOVERY CHIEF FINANCIAL OFFICER GUNNAR WIEDENFELS TO PRESENT AT DEUTSCHE BANK'S 30TH ANNUAL MEDIA, INTERNET, & TELECOM CONFERENCENEW YORK, March 9, 2022 /PRNewswire/ -- Discovery (NASDAQ:DISCA, DISCB, DISCK))) today announced that Chief Financial Officer Gunnar Wiedenfels will present at Deutsche Bank's 30th Annual Media, Internet, & Telecom Conference in Palm Beach, Florida on Monday, March 14, 2022 at 8:05 a.m. ET. A link to the live webcast of the presentation will be available in the "Investor Relations" section of Discovery's website at https://corporate.discovery.com/. There will not be a replay of this presentation. About Discovery:Discovery, Inc. (NASDAQ:DISCA, DISCB, DISCK))) is a global leader in real life entertainment, serving a passionate audience of superfans around the world with content that inspir