John Malone sees merged WarnerMedia-Discovery becoming No. 3 global streamer behind Netflix, Disney+

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John Malone sees merged WarnerMedia-Discovery becoming No. 3 global streamer behind Netflix, Disney+

cnbc2021-05-24

The block buster Warner Media-Discovery dealis especially good news for HBO Max, billionaire media mogul John Malone told CNBC'sDavid Faber.In an interview that aired Monday, Malone said hisprevious ...

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helloimbubu
·2021-05-24
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- Saintrade:
  Ok
  2021-05-24
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- ryanlow:
  wow
  2021-05-24
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BruceLKH
·2021-05-24
I hope it rises
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天天是夏天
·2021-05-24
Nice
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- helloimbubu:
  like and comment
  2021-05-24
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joshuachin
·2021-05-24
$Discovery(DISCA)$is saying otherwise...
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- KTtrader:
  Yes im surprised the $Discovery(DISCA)$ fell after the news came out. They havent gained back thE earlier momentum theyve been riding on the past couple of months
  2021-05-26
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- joshuachin:
  and $AT&T Inc(T)$ isn't performing too well...
  2021-05-24
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ivy888
·2021-05-24
Please comment
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- VickJW:
  replied
  2021-05-24
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- BuzzyBee3:
  Reply plS
  2021-05-24
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- helloimbubu:
  like and comment
  2021-05-24
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ch888
·2021-05-24
hi
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- VickJW:
  done
  2021-05-24
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- ivy888:
  done
  2021-05-24
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Penholder
·2021-05-24
Hi
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Meshaarias72
·2021-05-24
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Daphnn
·2021-05-24
like and comment pls
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- Yllee:
  Help to reply thanks
  2021-05-24
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- Yllee:
  Okk
  2021-05-24
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- MuffinsDaddy:
  good
  2021-05-24
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And I think, in fact, that's true,\" said Malone, aDiscovery board memberwhose voting stake in the company is more than25%.Malone thinks the new firm could join Netflix and Disney+ as a true global powerhouse.\"I think we are not only going to be the third such platform, but I think we'll be very competitive with the other two in terms of being able to satisfy the entertainment and curiosity and information needs of the world, basically, a worldwide platform,\" Malone said.Disney+ ended the fiscal second quarter with 103.6 million subscribers, according to the company. Netflix said last month it had almost 208 million subscribers worldwide.AT&T said in April that HBO and HBO Max had a combined  44.2 million subscribers in the U.S. and nearly 64 million globally.HBO Max, WarnerMedia's flagship streaming property, debuted in the U.S.last Mayand plans aninternational expansion. In Malone's view, that push will be aided by Discovery's global know-how.\"For me, the problem with HBO Max is it had no ability to go international at the time. The combination with Discovery, given Discovery's existing presence, large presence in 200 countries around the world with a great brand, ... to me, that's the great upside,\" said the cable TV pioneer and longtime chairman of Liberty Media.Malone made his comments in a wide-ranging interview with CNBC about the deal announced last week involving Discovery and AT&T's WarnerMedia, which the telecom giantacquired less than three years ago.If the transaction receives regulatory approval, WarnerMedia's various media and entertainment properties including CNN, HBO and the Warner Bros. studio would be spun out of AT&T and combined with Discovery's brands including HGTV, Food Network and Discovery Channel.It would position the new company — which has yet to receive a new name — as a more formidable competitor in the fiercely competitive streaming video wars. In addition to WarnerMedia's HBO Max, Discovery's signature direct-to-consumer platform, Discovery+,launched in January.Malone confident in David Zaslav's leadershipDiscovery CEO David Zaslav told CNBC last week he thinks the combined company couldultimately garner 400 million global streaming video subscribers— significantly more than any rivals.\"Netflix is a great company, Disney is a great company, but we have a portfolio of content that is very diverse and broadly appealing,\" said Zaslav, who will lead the new company.Malone said he has confidence in Zaslav's management capabilities and believes in general that the tie-up between Discovery and WarnerMedia is beneficial. He also said he had no qualms about giving up his super-voting Discovery shares as part of the deal.According to FactSet, Malone owns more than 93% of Discovery'sclass B shares, which account for 10 votes per share compared with one vote per share for class A. His ownership of those shares enables his significant voting power in the company. Discovery also has a third class of stock known as series C.The combined WarnerMedia-Discovery will have just one type of stock.\"My reaction was fine, that I thought that the alphabet soup that we have had served its purpose, had protected the company and given it a long view for a number of years. It was time when its usefulness was coming to an end, so I was fine with that,\" said Malone, whose Liberty Media spun out its ownership stake in Discovery Communicationsinto a separate entity in 2005.Malone on AT&T CEO John Stankey's 'brave decision'AT&T's decision to spin out WarnerMediasignaled the end of its attemptto pair a content-producing asset alongside a wireless phone company.Malone praised AT&T CEO John Stankey for pulling the plug on that integrated experiment, which some observers questioned from the moment the deal wasinitially announced in 2016. AT&T completed its acquisition of what was known as Time Warner in 2018 following a regulatory and court battle.\"John Stankey showed a hell of a lot of courage in making this decision at this time because he found himself really chasing two capital intensive, very competitive rabbits,\" Malone said.Stankey replaced Randall Stephenson as AT&T CEOin July 2020. He had been president and chief operating officer.\"[Stankey's] idea to refocus AT&T on their primary, traditional business and allowing other management to pursue, with a different balance sheet, the direct consumer opportunity was a brave decision,\" Malone said.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":131241088,"gmtCreate":1621864872244,"gmtModify":1704363519070,"author":{"id":"3580811526990525","authorId":"3580811526990525","name":"helloimbubu","avatar":"https://static.tigerbbs.com/0e858200e51bbca3caaf4b4d19684183","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580811526990525","authorIdStr":"3580811526990525"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and 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hope it rises&nbsp;","listText":"I hope it rises&nbsp;","text":"I hope it rises","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131252282","repostId":1188481425,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":131222146,"gmtCreate":1621864136685,"gmtModify":1704363498390,"author":{"id":"3583539413893618","authorId":"3583539413893618","name":"天天是夏天","avatar":"https://static.tigerbbs.com/3e449645fba221e5809d37f8d1fccb05","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3583539413893618","authorIdStr":"3583539413893618"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/131222146","repostId":1188481425,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4433184,"gmtCreate":1621864883536,"gmtModify":1680790670802,"authorId":3580811526990525,"author":{"id":3580811526990525,"idStr":"3580811526990525","authorId":3580811526990525,"name":"helloimbubu","avatar":"https://static.tigerbbs.com/0e858200e51bbca3caaf4b4d19684183","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131222146,"type":1,"supId":0,"prevId":0,"content":"like and <u>comment</u>","text":"like and <u>comment</u>","html":"like and <u>comment</u>"}],"langContent":"EN"},{"id":131267589,"gmtCreate":1621863818141,"gmtModify":1704363487156,"author":{"id":"3575284407051997","authorId":"3575284407051997","name":"joshuachin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575284407051997","authorIdStr":"3575284407051997"},"htmlText":"<a href=\"https://laohu8.com/S/DISCA\">$Discovery(DISCA)$</a>is saying otherwise...","listText":"<a href=\"https://laohu8.com/S/DISCA\">$Discovery(DISCA)$</a>is saying otherwise...","text":"$Discovery(DISCA)$is saying otherwise...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/131267589","repostId":1188481425,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4457472,"gmtCreate":1622032341713,"gmtModify":1680791103364,"authorId":3582151259867940,"author":{"id":3582151259867940,"idStr":"3582151259867940","authorId":3582151259867940,"name":"KTtrader","avatar":"https://static.tigerbbs.com/6b53000e916c2327a5f2018e8dd96508","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131267589,"type":1,"supId":0,"prevId":0,"content":"Yes im surprised the <a href=\"https://laohu8.com/S/DISCA\"> $Discovery(DISCA)$</a> fell after the news came out. They havent gained back thE earlier momentum theyve been riding on the past couple of months ","text":"Yes im surprised the <a href=\"https://laohu8.com/S/DISCA\"> $Discovery(DISCA)$</a> fell after the news came out. They havent gained back thE earlier momentum theyve been riding on the past couple of months ","html":"Yes im surprised the <a href=\"https://laohu8.com/S/DISCA\"> $Discovery(DISCA)$</a> fell after the news came out. They havent gained back thE earlier momentum theyve been riding on the past couple of months "},{"id":4432993,"gmtCreate":1621863952493,"gmtModify":1680790674652,"authorId":3575284407051997,"author":{"id":3575284407051997,"idStr":"3575284407051997","authorId":3575284407051997,"name":"joshuachin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131267589,"type":1,"supId":0,"prevId":0,"content":"and <a href=\"https://laohu8.com/S/T\"> $AT&amp;T Inc(T)$ </a>isn't performing too well...","text":"and <a href=\"https://laohu8.com/S/T\"> $AT&amp;T Inc(T)$ </a>isn't performing too well...","html":"and <a href=\"https://laohu8.com/S/T\"> $AT&amp;T Inc(T)$ </a>isn't performing too well..."}],"langContent":"EN"},{"id":131265799,"gmtCreate":1621863736311,"gmtModify":1704363484827,"author":{"id":"3579641974902127","authorId":"3579641974902127","name":"ivy888","avatar":"https://static.tigerbbs.com/10358949b7fc96b011ec29ca7fd9c9a4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579641974902127","authorIdStr":"3579641974902127"},"htmlText":"Please comment&nbsp;","listText":"Please comment&nbsp;","text":"Please 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