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Post by thechase on May 16, 2021 13:25:14 GMT -5
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Post by A Platypus Rave on May 16, 2021 13:28:56 GMT -5
If true, this is going to come across as AT&T cashing out after their massive missteps of the launch of HBO max.
They lost so much f***ing money with their setup for it.
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Post by eJm on May 16, 2021 13:29:05 GMT -5
So I'm absolutely not a businessman and have no knowledge on the ins and outs of acquisitions but considering how the effects of the AT&T/Turner merger has been on all fronts even now, another merger sounds like a terrible idea.
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Post by A Platypus Rave on May 16, 2021 13:35:43 GMT -5
So I'm absolutely not a businessman and have no knowledge on the ins and outs of acquisitions but considering how the effects of the AT&T/Turner merger has been on all fronts even now, another merger sounds like a terrible idea. the first part says basically they are splitting their media stuff into another company entirely before the merger. So the main AT&T company won't have as much money in the company...
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Post by eJm on May 16, 2021 13:36:09 GMT -5
So I'm absolutely not a businessman and have no knowledge on the ins and outs of acquisitions but considering how the effects of the AT&T/Turner merger has been on all fronts even now, another merger sounds like a terrible idea. the first part says basically they are splitting their media stuff into another company entirely before the merger. Ahh, misread that part. Business is dumb and confusing.
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Post by A Platypus Rave on May 16, 2021 13:37:24 GMT -5
the first part says basically they are splitting their media stuff into another company entirely before the merger. Ahh, misread that part. Business is dumb and confusing. Yep... basically as I said the only real way to read this, if true of course, is that like the directTv deal... AT&T is cutting it's losses again.
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Post by eJm on May 16, 2021 13:40:31 GMT -5
Ahh, misread that part. Business is dumb and confusing. Yep... basically as I said the only real way to read this, if true of course, is that like the directTv deal... AT&T is cutting it's losses again. The biggest thing about it is, like, this would be losses they caused. Even with the delay of the merger, the stuff they did basically caused the ending of many projects across the company due to "budget cuts" and the only reason HBO Max is doing as well as it is isn't on them but on basically everyone else on a shoestring making moves that have paid off or may pay off down the line. But, well, business being business.
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Post by Cyno on May 16, 2021 13:44:32 GMT -5
So the AT&T's stewardship of Warner could last even shorter than AOL Time Warner did. Verizon did something similar recently in selling off its media group.
Wonder if Comcast is considering following suit with NBC Universal one day.
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Post by A Platypus Rave on May 16, 2021 13:48:42 GMT -5
Yep... basically as I said the only real way to read this, if true of course, is that like the directTv deal... AT&T is cutting it's losses again. The biggest thing about it is, like, this would be losses they caused. Even with the delay of the merger, the stuff they did basically caused the ending of many projects across the company due to "budget cuts" and the only reason HBO Max is doing as well as it is isn't on them but on basically everyone else on a shoestring making moves that have paid off or may pay off down the line. But, well, business being business. Oh yeah, books could be written at just how piss poor a job AT&T did at literally all of this. I mean just from the Direct TV saga alone of buying it for 48.5 billion taking like another 20 billion of it's debt... doing nothing with it and then ultimately selling it off for 16 billion.
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Post by eJm on May 16, 2021 13:56:48 GMT -5
So the AT&T's stewardship of Warner could last even shorter than AOL Time Warner did. Verizon did something similar recently in selling off its media group.
Wonder if Comcast is considering following suit with NBC Universal one day.
Possibly? But then also Comcast has the infrastructure to make NBC Universal a priority compared to others. It was why they were hoping something might have happened with Fox because you add their TV shows and movies to a Peacock? Hoo boy.
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Post by Muskrat on May 17, 2021 2:49:58 GMT -5
The biggest thing about it is, like, this would be losses they caused. Even with the delay of the merger, the stuff they did basically caused the ending of many projects across the company due to "budget cuts" and the only reason HBO Max is doing as well as it is isn't on them but on basically everyone else on a shoestring making moves that have paid off or may pay off down the line. But, well, business being business. Oh yeah, books could be written at just how piss poor a job AT&T did at literally all of this. I mean just from the Direct TV saga alone of buying it for 48.5 billion taking like another 20 billion of it's debt... doing nothing with it and then ultimately selling it off for 16 billion. Buying DirecTV was always an asinine idea, especially at that price. Satellite TV plateaued years ago. Assuming the US is like Canada, people get satellite because they live somewhere cable isn’t available. More and more places get access to cable every year, your likelihood of growing your subscriber base is pretty f***ing minimal and you’re almost guaranteed that base will contract year over year
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Post by eJm on May 17, 2021 6:30:59 GMT -5
Just saw this and, well, seems like it's happening.
Broadcast, for the record, are a UK based trade publication specializing in television related news in the same sort of way Variety and the Hollywood Reporter are in America.
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Post by James Fabiano on May 17, 2021 6:59:55 GMT -5
Something something at least it's not Disney.
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Post by eJm on May 17, 2021 7:05:42 GMT -5
Is AT&T selling WarnerMedia to Discovery or have they bought Discovery with the intent of folding Discovery's assets into WarnerMedia? So having a quick glance of the actual document, what it seems to be is that AT&T are spinning off WarnerMedia to Discovery but they still have a significant shareholder stake in the company even though they don't technically fully own it anymore...I think. EDIT: Yeah, because at the end of the document it goes on about how it'll benefit shareholders because the money can be put towards improving their telecommunication services and they'll still have some stake in WarnerMedia going forward but not the burden of ownership. Again, I think that's what it means.
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rocket
Don Corleone
Posts: 1,801
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Post by rocket on May 17, 2021 9:19:07 GMT -5
The possibility of AEW stuff on Destination America is now in play
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Post by Captain Stud Muffin (BLM) on May 17, 2021 10:03:32 GMT -5
the first part says basically they are splitting their media stuff into another company entirely before the merger. Ahh, misread that part. Business is dumb and confusing.Tell me about it, I do it as my profession
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Post by thechase on May 17, 2021 10:10:49 GMT -5
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JIMBOB
Unicron
PLAY! REWIND! RELIVE!
Posts: 2,668
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Post by JIMBOB on May 17, 2021 10:22:49 GMT -5
Would this mean Discovery + could merge with HBO Max? I’ve been a little interested in getting Discovery +, but not enough to subscribe to yet another streaming service.
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Post by mcmahonfan85 on May 17, 2021 13:04:40 GMT -5
cue the Cult's spamming of everything Discovery in three...two...one......
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Post by A Platypus Rave on May 17, 2021 13:41:21 GMT -5
Apparently, WB Interactive/WB Games is being split up by this move.
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