Hollywood Insider - News Entertainment & Culture

Substance & Meaningful Entertainment

Against Gossip & Scandal

Independent Media Network

Global Stories From Local Perspective

Factual Culture News

The Hollywood Insider Warner Bros Discovery Merger, Titans Merge

Photo: Warner Bros. Discovery

In the Race to the Top, it’s Kill or be Killed

In what now feels like an ever-evolving industry constantly in a state of flux, seemingly every passing day has news of a new sale or merger of one content company with another. In what was a long-drawn-out process that just recently closed, Discovery Media officially completed their acquisition of Warner Bros. Media from AT&T for 43 Billion dollars. Yes, Billion with a big ole capital “B.” 

In one of the highest dollar value acquisitions of all time that contained such an incredibly vast array of different departments, the deal promised an incredible shakeup across the industry and an opportunity for a fresh business model for the newly formed content giant. Now that it has officially been completed, the hypothetical questions have been answered and we are living in a much different world than we were even two months ago. 

Related Video: Full Commentary on ‘Top Gun: Maverick’: Tom Cruise, Val Kilmer, Jennifer Connelly, Miles Teller

Related video: ‘Top Gun: Maverick’ Full Premiere Reactions: Tom Cruise, Val Kilmer, Jennifer Connelly, Miles Teller

Related video: EVOLUTION: Every Tom Cruise Role From 1981 to 2021, All Performances Exceptionally Poignant

Warner Media is an interesting enigma of a company, as this version of the Warner Bros. company has only existed for a few years. Having been previously bought by AT&T a few years back, Warner Media saw the company create new sectors of content and the creation of their very own new and formidable streaming service, HBO MAX.  Also having ownership over such brands as HBO, CNN, TBS, TNT, The CW, Turner Sports, and many many more, the deal was incredibly valuable for Discovery when considering what they now have under their purview. Having control over such a wide array of content operations is good for anyone’s business, but Discovery sees an even bigger opportunity to make their own tremendous impact in the film and tv world across different verticals and is embracing the future of the streaming future of the industry. 

Related article: Why Queen Elizabeth II Is One Of The Greatest Monarchs | Her Majesty Queen Elizabeth II of United Queendom of Great Britain & Northern Ireland (Video Insight)

Limited Time Offer – FREE Subscription to The Hollywood Insider

Click here to read more on The Hollywood Insider’s vision, values and mission statement here – Media has the responsibility to better our world – The Hollywood Insider fully focuses on substance and meaningful entertainment, against gossip and scandal, by combining entertainment, education, and philanthropy.

Warner Bros. Discovery – There’s a New Sheriff in Town

Discovery has gotten busy right away by consolidating and folding certain departments that they deemed either unnecessary or irrelevant with their new combined departments. Discovery made huge ripples recently as they have even gone so far as to cancel shows currently on the air and pull the plug on TBS and TNT creating any further original content at all. This spelled doom for shows like ‘The Last OG’ starring Tracy Morgan and ‘Chad’ which were swiftly canceled in the wake of the merger. More is yet to be announced on the future of a few other currently airing shows, but the company has made clear TNT and TBS are done with creating new content, a clear departure from the strategy set by AT&T when they took over the wheel of the film and television giant. 

Related article: A Tribute to Johnny Depp: The Actor and Musician Who Defined Range

Related video: EVOLUTION: Every Johnny Depp Role From 1984 to 2020, All Performances Exceptionally Poignant

Related article: A Tribute to the Hero & President Volodymyr Zelenskyy: Comedian/Actor, Ukraine’s President and Heroic Leader

Even more drastic measures were taken with the newly launched CNN+ streaming service which also met its demise within the same month it debuted. A similarly core example of the grandiose attitude of Warner Media in the eyes of Discovery, they nixed the streamer seemingly overnight. A dramatic move for sure, but a very clear signal that this new company is not here to play games and is rapidly preparing itself to be one of the last remaining content companies when the dust settles. AT&T leaned heavily into using every asset they had on each TV station and streamer they controlled to fire off as much content as possible, but Discovery seems keen on reversing course and narrowing its scope. 

Related article: MUST WATCH – The Hollywood Insider’s CEO Pritan Ambroase’s Love Letter to Black Lives Matter – VIDEO

Subscribe to The Hollywood Insider’s YouTube Channel, by clicking here.

Related article: All Best Actor/Actress Speeches From The Beginning Of Oscars 1929-2019 | Hollywood Insider

Related article: The Hollywood Insider’s CEO Pritan Ambroase: “The Importance of Venice Film Festival as the Protector of Cinema”

Related article: The Masters of Cinema Archives: The Hollywood Insider Pays Tribute to ‘La Vie En Rose’, Exclusive Interview with Director Olivier Dahan

Related article: – Want GUARANTEED SUCCESS? Remove these ten words from your vocabulary| Transform your life INSTANTLY

The moves have been harsh when considering the livelihood of the people working on these shows, but the decisions symbolize a true reckoning and re-evaluation of what a successful giant like Discovery can do to continue to strengthen its core business. The arm’s race has been effectively on for the past few years with each streamer trying to consolidate and control as much of the industry as they can. With Amazon’s acquisition of MGM a few months back, they clearly demonstrated an understanding of the idea of getting ahead of your own demise. Similar to Amazon, Discovery is aware of the continuing necessity for these companies to keep themselves in check and evolve as opposed to staying put and thinking the same formula that has always worked will still be how the world works in the future. This ability and necessity to adapt and take chances on making significant changes are critical, and David Zaslav who was the CEO of Discovery and is now overseeing Warner Bros. Discovery is clearly a student of history. 

Related video: Full Premiere Reactions ‘Doctor Strange in the Multiverse of Madness’: Benedict Cumberbatch & Team

Related Video: OSCAR-NOMINATED – EXCLUSIVE: ‘Dune’ Full Commentary, Reactions, Making Of – Timothee Chalamet, Zendaya, Oscar Isaac

Related Video: OSCAR-NOMINATED – ‘House of Gucci’ Full Commentary & Behind the Scenes – Lady Gaga, Adam Driver, Jared Leto, Al Pacino

Zaslav has been heavily featured in the trades over the past few months and he has carved out a strong profile for himself throughout as the clear leader of the merger. His reputation precedes him and Zaslav seems content with captaining this newly formed ship straight into what he envisions will be the future of content. With everyone like Amazon and Disney also completing large-scale significant purchases of other legacy studios, Zaslav has made a massive move at the poker table of content competition to make Discovery a major player when the dust settles. With everything happening rather quickly especially considering the current demise of Netflix, Zaslav looks incredibly wise for securing this deal now. 

The Human Element and What Comes Next

While it is important to recognize the business savvy and game-changing moves of how this merger will impact the content game, so too does it shake up a lot of talented people who lost their jobs. With a high number of positions now redundant in the new company due to crossover, a tremendous number of people were let go in the wake of the two companies combining forces. It is always impossible to actually know the truth in all things, but it is even more painful knowing this deal was in the world for so long and Warner Media employees were assured their jobs would be fought for. 

Related article: EVOLUTION: Every Henry Cavill Role From 2001 to 2021, All Performances Exceptionally Poignant

Related article: EVOLUTION: Every Chris Evans Role From 1997 to 2020, All Performances Exceptionally Poignant

Related article: #metoo Revolution: Powerful Questions That Need Answers

Related article: FACT-CHECKED Series: Timothee Chalamet and 32 Facts about The Young Superstar

No one can predict the future, but we now find ourselves in a fascinating time akin to the wild west for talented employees. As the industry continues to get smaller and smaller as more companies consolidate into one another, jobs become increasingly competitive. Leaving the industry with a high amount of talent to be had and not enough places to put them all, the system is in a sort of wild flux and chaotic setting. We have talked about it to death over the past ten years back when Netflix and Amazon changed the game with streaming, but it really does not seem stupid to suggest we will just constantly be in a state of continuing flux in the industry. Gone are the Golden Age days of the studio system and here to stay are the constantly evolving times we currently live in. 

I for one am fascinated to see what comes next for all of our content developers. Netflix finds itself in a very chaotic moment that we will need to see if they can pull through. If not, they may find themselves up for sale and looking to move on from their current business model. Amazon has their new studios established in Culver City and after securing MGM, what may be next on the horizon for them? While the industry seems incredibly chaotic, it is also a tremendously exciting time we are living through with so much change and smart, motivated people ready and willing to deliver great content for us all. 

By Mark Raymond 

Click here to read The Hollywood Insider’s CEO Pritan Ambroase’s love letter to Cinema, TV and Media. An excerpt from the love letter: The Hollywood Insider’s CEO/editor-in-chief Pritan Ambroase affirms, We have the space and time for all your stories, no matter who/what/where you are. Media/Cinema/TV have a responsibility to better the world and The Hollywood Insider will continue to do so. Talent, diversity and authenticity matter in Cinema/TV, media and storytelling. In fact, I reckon that we should announce “talent-diversity-authenticity-storytelling-Cinema-Oscars-Academy-Awards” as synonyms of each other. We show respect to talent and stories regardless of their skin color, race, gender, sexuality, religion, nationality, etc., thus allowing authenticity into this system just by something as simple as accepting and showing respect to the human species’ factual diversity. We become greater just by respecting and appreciating talent in all its shapes, sizes, and forms. Award winners, which includes nominees, must be chosen on the greatness of their talent ALONE.

I am sure I am speaking for a multitude of Cinema lovers all over the world when I speak of the following sentiments that this medium of art has blessed me with. Cinema taught me about our world, at times in English and at times through the beautiful one-inch bar of subtitles. I learned from the stories in the global movies that we are all alike across all borders. Remember that one of the best symbols of many great civilizations and their prosperity has been the art they have left behind. This art can be in the form of paintings, sculptures, architecture, writings, inventions, etc. For our modern society, Cinema happens to be one of them. Cinema is more than just a form of entertainment, it is an integral part of society. I love the world uniting, be it for Cinema, TV. media, art, fashion, sport, etc. Please keep this going full speed.

More Interesting Stories From The Hollywood Insider

Want GUARANTEED SUCCESS? Remove these ten words from your vocabulary| Transform your life INSTANTLY

A Tribute to Martin Scorsese: A Complete Analysis of the Life and Career of the Man Who Lives and Breathes Cinema 

Do you know the hidden messages in ‘Call Me By Your Name’? Find out behind the scenes facts in the full commentary and In-depth analysis of the cinematic masterpiece

A Tribute To The Academy Awards: All Best Actor/Actress Speeches From The Beginning Of Oscars 1929-2019 | From Rami Malek, Leonardo DiCaprio To Denzel Washington, Halle Berry & Beyond | From Olivia Colman, Meryl Streep To Bette Davis & Beyond

In the 32nd Year Of His Career, Keanu Reeves’ Face Continues To Reign After Launching Movies Earning Over $4.3 Billion In Total – “John Wick”, “Toy Story 4”, “Matrix”, And Many More

warner bros. discovery, warner bros. discovery, warner bros. discovery, warner bros. discovery, warner bros. discovery, warner bros. discovery, warner bros. discovery, warner bros. discovery, warner bros. discovery, warner bros. discovery, warner bros. discovery, warner bros. discovery, warner bros. discovery, warner bros. discovery, warner bros. discovery, warner bros. discovery, warner bros. discovery, warner bros. discovery, warner bros. discovery, warner bros. discovery, warner bros. discovery

Website It Up