WarnerMedia-Discovery Deal: 5 Things to Know, From Jason Kilar’s Future to Why AT&T Bailed on Hollywood

Discovery and WarnerMedia are joining forces to challenge Netflix

The shocking coupling of WarnerMedia and Discovery is still reverberating throughout Hollywood Monday morning. The deal brings together two of the biggest content companies, neatly combining Discovery’s unscripted behemoth with WarnerMedia’s legacy assets like Warner Bros. and HBO in a new company with a $130 billion valuation.

In the process, the soon-to-be-renamed venture aims to be on the same playing field as Netflix and Disney as the streaming era hits warp speed.

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Tim Baysinger

TV reporter • tim.baysinger@thewrap.com • Twitter: @tim_bays