IT Blog

Here we go again. Another two media companies have decided that they can’t live with being less successful than Netflix, and so they’re merging together in hopes of creating a larger competitor.

This time, the jealous parties are AT&T and Discovery, which announced plans for a $43 billion merger on Monday morning. If regulators approve, the deal would effectively undo AT&T’s previous mega-merger with Time Warner in 2018, creating a new standalone company that pools WarnerMedia’s entertainment assets—including HBO Max and cable channels like CNN—with those of Discovery. AT&T CEO John Stankey said the goal is to create “one of the leading global direct-to-consumer streaming platforms.”

Never mind that Discovery’s existing streaming efforts have been going pretty well, racking up 15 million subscribers since Discovery+ launched in early January with favorites like Deadliest Catch and Diners, Drive-Ins, and Dives. And never mind that HBO Max has been enjoying a growth…