The Warner Discovery Merger Proves That Big Is Never Big Enough In The Streaming World
Back in 2018, telecom giant AT&T completed its $85 billion acquisition of entertainment conglomerate Time Warner, creating a new entity known as WarnerMedia. WarnerMedia immediately became one of the largest entertainment providers in the world, generating $30 billion in revenue per year and hosting more than 40 million subscribers on streaming service HBO Max. Now, just three years later, AT&T has apparently decided that WarnerMedia just wasn’t big enough. On Monday, executives at AT&T Inc....