Discovery, Inc. hit 22 million paid streaming subscribers worldwide by the end of 2021, with the vast majority being Discovery Plus customers, the company revealed Thursday. The company reported la…
Discovery Plus launched last January. The streaming service costs $4.99 per month with ads or $6.99 without ads and accounts for the bulk of Discovery’s streaming sub total, the rest being some international direct-to-consumer products. But Discovery Plus is about to be far from Discovery, Inc.’s most popular streamer, as the company is set to own WarnerMedia and its HBO Max by the end of Q2.
According to two people familiar with the matter, with Discovery’s shareholder vote on the deal — which has already received regulatory approval from the DOJ — set for March 11, the two companies are prepping for a close somewhere between April 11-28. Though those dates are seen as the goal at present, there’s always a chance of missing due to potential holdups and the latter end of that range is the most likely outcome, per an additional source.
Zaslav will become president and CEO of WBD upon deal close, with WarnerMedia CEO Jason Kilar expected to exit. One of Zaslav’s first major post-merger hires will likely be a leader for CNN, following the ousting of Jeff Zucker after a company investigation found he hadn’t disclosed a consensual relationship with now-exited CNN marketing chief Allison Gollust.
“2021 was by all measures an exceptional year for our company, in which we achieved significant operational, financial, and strategic objectives,” David Zaslav, Discovery president and chief executive officer, said in a statement prepared to accompany the fourth-quarter financial results Thursday.
Zaslav’s statement continued: “We, of course, are pleased to receive unconditional clearance from the European Commission, the expiration of the HSR waiting period, and clearance from other key international markets, and AT&T having received a favorable private letter ruling from the IRS. We also filed our merger proxy earlier this month and have scheduled our stockholder meeting for March 11th.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Review update: 2021 Porsche Panamera Turbo S combines the best of all worldsThe 2021 Porsche Panamera Turbo S may have big power and sharp moves, but it's still comfortable and luxurious.
Read more »
Home prices rose nearly 20% in 2021, biggest increase in decadesThe 18.8% jump is the largest increase notched in the 34 years that the record has been kept. The cities that experienced the most price growth were Phoenix, Tampa, and Miami.
Read more »
China starts building 33 GW of coal power in 2021, most since 2016 -researchChina started building 33 gigawatts of new coal-fired power generation capacity last year, the most since 2016, research published on Thursday showed, a sign the country is falling back on fossil fuels as economic worries mount.
Read more »
Biden announces sanctions against Nord Stream 2 owner, reversing 2021 decisionPresident Biden announced that he will be imposing sanctions on the Nord Stream 2 pipeline connecting Russia and Germany, in response to Russian actions in Ukraine.
Read more »
Consumer Crackdown: Cryptocurrency scams skyrocket in 2021According to the National Consumers League, 2021 was a banner year for scammers. Losses to fraud hit a 10-year high and cryptocurrency-related deals were one of the fastest-growing scams.
Read more »
Record number of open meeting law complaints in Mass. filed in 2021According to Mass. AG Maura Healey, the most common violations in 2021 included insufficiently specific meeting notices; failure to release meeting minutes; meetings not accessible to the public; and deliberations outside of a posted meeting.
Read more »