Warner Bros. Discovery's aim is to create and distribute the world's most differentiated and complete portfolio of content, brands and franchises across television, film and streaming.

The new company combines WarnerMedia's premium entertainment, sports and news assets with Discovery's leading non-fiction and international entertainment and sports businesses. 

This includes: 
  • Discovery Channel
  • discovery+
  • Warner Bros. Entertainment
  • CNN
  • CNN+
  • DC
  • Eurosport
  • HBO
  • HBO Max
  • HGTV
  • Food Network
  • Investigation Discovery
  • TLC
  • TNT
  • TBS
  • truTV
  • Travel Channel
  • MotorTrend
  • Animal Planet
  • Science Channel
  • New Line Cinema
  • Cartoon Network
  • Adult Swim, and
  • Turner Classic Movies.
"The announcement marks an exciting milestone not just for Warner Bros. Discovery but for our shareholders, our distributors, our advertisers, our creative partners and, most importantly, consumers globally," says David Zaslav, Warner Bros. Discovery's chief executive officer.

Zaslav adds, "With our collective assets and diversified business model, WBD offers the most differentiated and complete portfolio of content across film, television and streaming. We are confident that we can bring more choices to consumers around the globe while fostering creativity and creating value for shareholders."

"I can't wait for both teams to come together to make WBD the best place for impactful storytelling," says Zaslav.

"We are at the dawn of a new age of connectivity, and today marks the beginning of a new era for AT&T," says John Stankey, AT&T's chief executive officer.

Stankey adds, "With the close of this transaction, we expect to invest at record levels in our growth areas of 5G and fibre, where we have strong momentum, while we work to become America's best broadband company. At the same time, we'll sharpen our focus on returns to shareholders."

"WMD inherits a talented and innovative team and a dynamic growing and global company that is well-positioned to lead the transformation that's taking place across media and entertainment, direct-to-consumer distribution and technology," says Stankey.

Stankey concludes, "The combination of the two companies will strengthen WarnerMedia's established and leading position in media and streaming. And our shareholders will now have a significant stake in Warner Bros. Discovery and its future successes. We look forward to seeing what the WBD team accomplishes with these industry-leading assets."

For more information, visit www.wbd.com. You can also follow Warner Bros. Discovery on Facebook, Twitter or on Instagram.