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AT&T to Spin Off WarnerMedia in Merger with Discovery
www.awn.com/news/att-spin-warnermedia-merger-discovery
Discovery CEO David Zaslav told CNBC that his goal is to hit “2-, 3-, 400 million homes over the long term” — twice the amount of subscribers currently boasted by Netflix. Even prior to the merger, WarnerMedia’s key holdings – Warner Bros., HBO, CNN, DC Comics, among others – control rights to the kinds of pop culture hits that incentivize subscriptions.
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