AT&T might be dumping assets and changing the Hollywood landscape forever. This last year we saw AT&T change the way WarnerMedia operated. The simultaneous theatrical and HBO Max release slate made filmmakers frustrated and changed the way many people viewed the company. It alienated filmmakers in general, even as audiences did flock to HBO Max to subscribe for new releases. Now in the latest rumbling, we are learning that AT&T might be interested in shedding WarnerMedia assets, selling them off to the highest bidder. This sort of tumultuous action will cost thousands of jobs and put the studio in flux. What's for sale? WarnerMedia assets include HBO, Warner Bros. Studios, and Turner networks like TNT and TBS. These are valuable properties that could be given to the highest bidder. Discovery has stepped forward to take on some of these entities—but don't rule out NBCUniversal to take a swing in acquiring them as well. This is all the Wild West in terms of precedent. We haven't ever seen companies with theatrical and television interests merge like this. Read More...
Published By: NoFilmSchool - Monday, 17 May, 2021