Saturday, April 09, 2022

Discovery Aquires Warner Media From AT&T

Hello group, I'm grateful to the readers who still follow this blog. Health and work issues have kept me away again, but I felt this article deserved some attention. The course of the old Time-Warner corporation has always has always held my interest, mainly due to its animation history. And the old WB was me bread 'n' butter back in the 1990's.

But now, Bugs Bunny, Batman and the whole Warner media empire will go to work for the Discovery Channel. This group includes the Food Network, Animal Planet and TLC. Do they know they will be inheriting skeletons in the closet like Pepe Le Pew? Will they actually see the real ingredients of a Scooby-Snack? Maybe Superman will show how he bakes one of his giant super cakes? 

I'm just bellyachin' here folks, bear with me.

 (original copyright Warner Brothers)

At first, I was surprised that AT&T would sell off a library like Warner's when they still have all these digital arteries to fill. But now I'm wondering if the ol' "Ma Bell" isn't doing well with streaming. It looks like they have some big bills to pay off. And it's not like Discovery is a young, agile, cutting-edge new media entity like Amazon or Netflix either. This purchase looks more like another incident of buying up competitors, selling off the new surplus resources, and cutting jobs. 

Meanwhile, the remnants of the old Hollywood studios only seem to be flashy accessories that get passed around, like old antiques.

https://variety.com/2022/tv/news/discovery-warnermedia-merger-close-warner-bros-discovery-1235200983/?fbclid=IwAR1e3zcxH9IizjuSMSb9MNMs82yKCRYSb0Tz4w4A_YoAloP4q3IvfJw28uw

https://www.hollywoodreporter.com/business/business-news/discovery-warnermedia-merger-shareholders-approve-1235097326/

No comments: