HBO Warner Media merged with Discovery
It got announced today that HBO Warner Media is merging with Discovery Inc in a $43Billion all cash deal. What does the future looks like for Discovery, HBO and stock performance in coming future?
What happens to people with unvested ATT RSUs?
Good questions. And rsu just started recently
HBO is out of AT&T ?
Yes. There was a spinoff merger announced by AT&T to merge hbo warner media content with Discovery.
Hbo shows are so much better than Netflix !
What this means is Warnermedia/HBO gets to go through the 4th round of executive shuffling and layoffs in 3 years. It’s been an absolute shitshow and I’ve left a while ago. Strategies changed every 3 months, absolute monsters running engineering to burnout.
But it could be the last time!!!!
It’s never the last time until you make it your last time ;) I managed to get a severance so I have no complaints.
Who would even want to work there now? It just seems like pure reorg hell.
And they just laid off 2000 engineers a few months ago. We are short of hands.
Hmm 2000 engineers sound like a very big number.
Discovery is paying more. I wanted to know about the culture and review process.
Only certainty is that Zaslav is going to continue to get paid ridiculously well https://deadline.com/2021/04/discovery-ceo-david-zaslav-made-37-7-million-last-year-down-from-45-8-million-in-2019-1234747843/
Do you think, Hbo+discovery will be a strong competitor to Netflix in coming future?
It should be as long as they don't screw anything up. They're basically just combining two different content libraries. It's like a less impactful version of the Fox acquisition by Disney. Although they're predicting $3B of synergies and Disney only forecasted $2B when they bought Fox so I assume there will be a lot of layoffs which could lead to them screwing things up