Discovery CEO Zaslav says once the WarnerMedia merger closes, his team will focus on driving the direct-to-consumer business to 200 million subscribers worldwide and 'having the best creative company in the world.' More:
Discovery and AT&T’s WarnerMedia are moving through the regulatory review process of their planned merger without problems so far, seeing “broad support” for it, Discovery CEO David Zaslav said on Tuesday.
On the company’s second-quarter earnings conference call, he predicted that the merged firm would become the third big, sustainable global streaming platform together with Netflix and Walt Disney. Other “sub-scale” content companies will in the coming years likely raise their hands for deals, Zaslav said. “There will be a lot of consolidation,” he suggested. “And some of that may be opportunities for us, but right now, I really like where we are.
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