Thursday, June 17, 2021
Home Latest News Games Warner Bros. gaming division reportedly to be broken up in AT&T, Discovery...

Warner Bros. gaming division reportedly to be broken up in AT&T, Discovery merger

AT&T is officially backing off on portions of its previously acquired Time Warner assets in a new merger deal with Discovery, which will result in a new company led by Discovery CEO David Zaslav.

In the $43 billion deal, WarnerMedia and Discovery combined their assets into one entertainment entity, which aims to rival the likes of Disney with the intellectual properties and content offerings on its services. While most people are focused on HBO Max, Discovery+, and the streaming or film-centric portions of the merger, there are significant implications for the Warner Bros. gaming division.

Notably, this new company that will be created will at least partially own DC Comics and the rights to all of its IP, including the likes of Batman, Superman, and much more. According to IGN, however, only portions of Warner Bros. Interactive Entertainment and other Warner Bros. games assets will be sold off or included as part of the deal.

Warner Bros. Interactive is made up of 11 different game studios, like Monolith Productions and NetherRealm Studios, which have worked on internal WB properties like Lord of the Rings and the Batman Arkham series, along with the Mortal Kombat developers at NetherRealm Studios.

AT&T reportedly wanted to sell off parts of its gaming division last June while searching for ways to part with non-core assets to offload debt. Those sale talks reportedly ended last September. We don’t know which studios will be sold, which will fall under the new company, or what AT&T will keep directly, if any, and likely won’t know until full details of the merger are shared in the future.

Because this is a merger and not an acquisition, Discovery essentially bought in to co-own many valuable IP and put itself in a competitive position in the streaming wars. It also allows AT&T to move off of some of its nearly $200 billion debt.

Source: Dot Esports

#esports #esports news # games #esportslife #esportsdaily

About Skyhigh.Vip

Skyhigh.Vip is a global institutional investor with vast interest in Arts / Construction / Education / Business Services / E-Sports and various other growth industries.

Several of its popular portfolio includes GO Chambers which is the world’s largest business chamber listing providers with over 30,000 active chambers as its members.

Flexgigzz is the Asia leading marketplace for freelancer service and together with SOHO Learning Hub which is an online platform for short courses and both of them aims to be the number one provider in Asia. For growth industries such as E-Sport Authority which is dedicated to providing independent media coverage to all E-Sport News related from around the world and for the art world, there is Atelier Auction which is an investable art auctioneer and being in the art scene for decades.

- Advertisment -

Most Popular

New robot VALORANT agent teased during Summer Game Fest

VALORANT fans got their first look at a new potential agent coming in Episode Three. During today’s Summer Game Fest live event, a short trailer...

Seattle Surge upset OpTic Chicago, break 10-match losing streak in Call of Duty League Stage 4 group play

For the first time since April 8, the Seattle Surge have won a Call of Duty League match. The Surge, who entered their Group B matchup against...

100 Thieves dominate Cloud9 in first win of 2021 LCS Summer Split

It seems Cloud9 are still struggling to find their footing after MSI, giving other League of Legends teams the chance to jump up in the NA...

Gen.G’s gMd kills 4 enemies before FaZe ZachaREEE responds with Sheriff ace during Myth’s Fight Club

VALORANT fans got to see some of the best professional players like Gen.G gMd and FaZe ZachaREEE compete yesterday in week two of TSM Myth’s...

Shotzzy leads Dallas Empire to dominant win over Los Angeles Guerillas in 2021 Call of Duty League Stage 4 group play

There were moments where the Los Angeles Guerillas looked like they had an opening to take control of a map in today’s Call of Duty League...

Valve forces Nigma, Team Secret to replay an identical game at WePlay Esports AniMajor

The Wild Card round of the WePlay Esports AniMajor has concluded, with Nigma and Vici Gaming advancing to the group stage, while the remaining...

League of Legends: Wild Rift patch 2.3 is coming on June 2

If you were excited for League of Legends: Wild Rift’s patch 2.3, you may have to wait a bit longer.According to Wild Rift’s official patch schedule, version 2.3 was...

Silver CS:GO player completes ace using 3 different guns

A casual CS:GO player that’s currently ranked in Silver III, the third-lowest ranking in matchmaking, won a one-vs-four clutch with several different weapons to complete his...

Virtua Fighter 5 Ultimate Showdown will not feature updated netcode

The hit was bound to come, but no one was really ready to hear that Virtua Fighter 5 Ultimate Showdown isn’t going to have rollback netcode. This...