Telecom giant AT&T announced Monday a deal to combine its content unit WarnerMedia with Discovery, paving the way for one of Hollywood’s biggest studios to compete with media giants Netflix and Disney. Right now HBO Max is ranked 7th in streaming just behind Hulu in the coveted streaming market. Under the agreement, AT&T will revisit its $85 billion acquisition of Time Warner, which closed just under three years ago, and form a new media company with Discovery. The deal would create a new business, separate from AT&T, that could be…
Read MoreWarner Discovery Merger ‘The Great Escape’ for AT&T
