WarnerMedia And Discovery To Merge, Forming Media Giant

The deal will "combine WarnerMedia's premium entertainment, sports and news assets with Discovery's leading nonfiction and international entertainment and sports businesses.

US telecommunications giant AT&T announced Monday a merger between its WarnerMedia unit -- which owns CNN and HBO -- and Discovery media, creating a streaming giant that could compete with Netflix and Disney+. The deal will "combine WarnerMedia's premium entertainment, sports and news assets with Discovery's leading nonfiction and international entertainment and sports businesses to create a premier, standalone global entertainment company," a statement from the companies said. (This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)