Media Week: Content, Commerce & Competition
There is a tectonic shift underway across the media landscape this week. AT&T announced they would be spinning off WarnerMedia and merging it with Discovery. This new entity would form a pretty massive content platform to compete on the scale of industry titans like Disney and Netflix. But that’s not all! Just a couple days (hours?) later rumors leaked that Amazon was in talks to acquire MGM Studios for ~$9B.