Discovery NZ emboldened by WarnerMedia Merger

What does the future hold for Three? (Image: BusinessDesk)

Fri, 29 Apr 2022

On April 8, US giants WarnerMedia and Discovery completed their US$43 billion mega-merger, a transaction that will reshape the global television, online streaming, film and news industries. While the deal was hatched and financed in New York boardrooms, it will have significant ramifications for the media landscape 14,300 kilometres away in New Zealand.The multibillion-dollar combination brings together Warner Bros’ movie and television studios, HBO and CNN with Discovery, creating an international behemoth primed to open up a new fr...

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