It has been agreed that "WarnerMedia", which owns Warner Bros. Pictures on CNN TV and movies, and "Discovery", which is in the same industry, will merge.
The integration of the two companies aims to strengthen the video distribution service against the increasing number of users such as "Netflix".
AT & T, which owns WarnerMedia, announced on the 17th that WarnerMedia and Discovery, which is in the same industry, will merge and establish a new company.
WarnerMedia is CNN TV, HBO, and Warner Bros. Pictures, and Discovery is a major media company with a Discovery Channel, with AT & T holding 71% of the new company's stake.
In the announcement, the company has announced a policy of strengthening video distribution services, saying that this business integration will "accelerate businesses that directly access users."
Demand for video distribution services has increased due to the spread of the new coronavirus infection, with more than 200 million members of the major "Netflix" worldwide and more than 100 million of "Disney +", WarnerMedia and Discovery. I would like to make a comeback in this field, which is lagging behind.
In addition, AT & T, which promoted the business integration this time, acquired WarnerMedia in Japanese yen for more than 9 trillion yen in 2018, but reviewed the strategy so far to promote the fusion of communication and media, and in the future, high speed and large capacity It is expected that investment in the communication field such as the new communication standard "5G" will be increased.