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AT has announced this week that they will be unloading WarnerMedia to Discovery- perhaps one of the strangest announcements we’ve heard in a while.
BLAKE & WANG P.A one of the best entertainment law firms los angeles digs a little deeper into the details of this $43B merger.One company, one culture, one missionDiscovery CEO David Zaslev seems buoyed by the deal, determined that the uniting of the 2 industry greats will successfully create a renewed corporate culture.
Meanwhile, it seems that the surprise move from AT is indicative of their overall move towards 5G and another tech, broadband, and wireless options, citing the need for a ‘different capital structure’.
What’s particularly surprising is the truncated timescale we’ve seen.
Market rumors of the merger only popped early last week, although talks have been underway since earlier this year.
Joining forces with entertainment brandsUnder the unusual deal, AT shareholders keep 71% of the recombined new entity, with Discovery holding the remaining 29%.
Despite the overall encouraging moves being made around the world to reopen physical locations, lots, studios, and cinemas, it seems like 2020’s streaming revolution is here to stay.
BLAKE & WANG P.A, one of the top entertainment law firms Los Angeles as always, has the news you need.ViacomCBS move BET to the netThe shift is to be a fast one, too, with the channel launching online-only from April 8th.
Not at all, at least according to sources in the know.
In fact, we have Monde Twala, SVP of BET International, on record with the following:“We are committed to growing the BET brand in the UK, and to continuing to elevate Black love, joy, power, and pride worldwide,” Exciting programming newsAlongside the migration to fully digital, we’ve seen a host of interesting titles announced for the channel.
Expect to see:Black to the Future: While this is a working title only, the program will bring a comedy archive to lifeCelebrity Comfort Food: A cooking series focused on celeb-favorite dishesWe Do That: 3 famous hosts will meet talented Black workers and try out their career paths, with hilarious results.
While the move is powered by the overall online-only trend we’ve seen across a variety of content, it could be an interesting one for BET specifically.
