Discovery announces its plan to acquire Warner Media

Discovery+ is to the nature and documentary household name Discovery as HBO Max is to Warner Media. Now, there is a chance that the 2 streaming platforms could become 1. One content giant has announced that it has gotten the OK from the US Department of Justice to buy the second.

Warner Media is currently owned by AT&T, which may finalize its transfer to Discovery for an undisclosed sum soon. All that has to happen now is that the latter's shareholders approve the purchase. Therefore, the launch of a new app that offers both HGTV and The Matrix: Resurrections soon.

Then again, neither Warner Media nor Discovery has mentioned whether this is to be the case. Similarly, there is no word on whether the planned merger will affect HBO Max' planned 2022 expansion, or what happens to other current services and their subscribers.

Nevertheless, the deal will represent the formation of a content conglomerate to be taken so seriously that there are rumors of NBC/Universal and Viacom/CBS doing the same in response.