![]() Such statements are based upon the current beliefs and expectations of the management of AT&T and Discovery and are subject to significant risks and uncertainties outside of our control. Such estimates and statements include, but are not limited to, statements about the benefits of the transaction, including future financial and operating results, the combined Spinco and Discovery company's plans, objectives, expectations and intentions, and other statements that are not historical facts. These estimates and statements are subject to risks and uncertainties, and actual results might differ materially. ![]() ("Spinco"), and Discovery, constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Information set forth in this communication, including financial estimates and statements as to the expected timing, completion and effects of the proposed transaction between AT&T, Magallanes, Inc. Ĭautionary Statement Concerning Forward-Looking Statements A webcast of the May 17 virtual press conference with John Stankey and David Zaslav is available on AT&T's and Discovery's Investor Relations websites at and. More information on the agreement between AT&T and Discovery can be found in the initial press release here. Discovery will be able to increase investment and capabilities in original content and programming create more opportunity for under-represented storytellers and independent creators serve customers with innovative video experiences and points of engagement and propel more investment in high-quality, family-friendly nonfiction content. The "pure play" content company will own one of the deepest libraries in the world with nearly 200,000 hours of iconic programming and will bring together over 100 of the most cherished, popular and trusted brands in the world under one global portfolio, including: HBO, Warner Bros., Discovery, DC, CNN, WB Games, Turner Sports, Cartoon Network, HGTV, Food Network, TNT, TBS, Turner Classic Movies, Wizarding World, Adult Swim, Eurosport, Magnolia, TLC, Animal Planet, ID and many more. The new company will unite complementary and diverse content strengths with broad appeal - WarnerMedia's robust studios and portfolio of iconic scripted entertainment, animation, news and sports with Discovery's global leadership in unscripted and international entertainment and sports. Discovery will bring together the strongest leadership teams, content creators, and high-quality series and film libraries in the media business, while accelerating both companies' plans for leading direct-to-consumer (DTC) streaming services for global consumers. In May, AT&T and Discovery reached a definitive agreement to combine WarnerMedia's premium entertainment, sports and news assets with Discovery's leading nonfiction and international entertainment and sports businesses to create a single company. and the focus of what the proposed company will be about. The initial wordmark for the proposed company includes the iconic line from the Maltese Falcon, "the stuff that dreams are made of," an additional homage to the rich legacy of Warner Bros. We believe it will be the best and most exciting place in the world to tell big, important and impactful stories across any genre – and across any platform: film, television and streaming." There are so many wonderful, creative and journalistic cultures that will make up the Warner Bros. We love the new company's name because it represents the combination of Warner Bros.' fabled hundred year legacy of creative, authentic storytelling and taking bold risks to bring the most amazing stories to life, with Discovery's global brand that has always stood brightly for integrity, innovation and inspiration. Discovery will aspire to be the most innovative, exciting and fun place to tell stories in the world - that is what the company will be about. studio lot in Burbank, CA, where he said: Discovery combined company, unveiled the new name to WarnerMedia employees from the Warner Bros. David Zaslav, President and CEO of Discovery and the future CEO of the proposed Warner Bros.
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