AT&T-Discovery Deal Alters the Media Landscape
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 17 May 2021
⏱️ 18 minutes
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Summary
AT&T announces its merging its media assets with Discovery. The result will be a streaming monstrosity that includes HBO, CNN, TNT, TBS, Cartoon Network, TLC, Food Network, HGTV and more. Jason Moser analyzes what it means for AT&T, Discovery, Netflix, and Disney, and discusses the latest news from AppHarvest, Twitter, and Hostess Brands.
Transcript
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| 0:00.0 | It's Monday, May 17th, and welcome to Marketfoolery. |
| 0:05.1 | I'm Chris Hill with me today, Mr. Jason Moser. |
| 0:08.0 | Thanks for being here. |
| 0:09.0 | Addy. |
| 0:10.4 | We've got earnings to get to, but it is merger Monday in a big way. |
| 0:15.6 | AT&T is combining its entertainment and media assets with those of discovery. |
| 0:21.9 | The resulting company will be large and will have TV, movie, and streaming offerings with |
| 0:27.8 | brands that you already know, HBO, Mac, CNN, TNT, TBS, cartoon network combined with |
| 0:36.5 | HGTV, Food Network, TLC, Discovery Plus. |
| 0:40.9 | This is an all-stock deal. |
| 0:42.8 | AT&T shareholders are going to own 71% discovery shareholders will own 29%. |
| 0:48.0 | There are a bunch of things to get to, but what is your, what is your reaction to this |
| 0:55.0 | deal? |
| 0:56.0 | Well, I mean, in the immortal awards of the great Ron Burgundy, the first thing that |
| 1:00.4 | came to mind was that escalated quickly, because it doesn't seem like it was all that long |
| 1:05.6 | ago that AT&T was really making their bets when it came to content and media and just doesn't |
| 1:15.9 | seem like that's really going to pan out. |
| 1:18.3 | And I think, honestly, I think that's probably the right decision. |
| 1:20.7 | I think that what this really boils down to, ultimately, and this may just be a simplistic |
| 1:26.2 | way of looking at it, but here you go, I think this really boils down to connectivity. |
| 1:31.9 | And what I mean by that is, as we see the continued rollout of 5G, as we spend the next |
| 1:39.7 | decade watching all of the impacts from the build out of these 5G networks, and then |
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