#WarnerBros

.New Delhi, Delhi, India
AT&T is a company which provides services in telecommunications (Photo Credits: Unsplash)

  • AT&T said Monday it was spinning off its WarnerMedia unit and combining it with Discovery
  • AT&T will receive $43 billion and AT&T's shareholders will own 71 percent of the new company
  • Discovery president chief executive David Zaslav will lead the new company, which will include HBO's GoT franchise

WarnerMedia and Discovery had sales figures amounting to $30.4 billion and $10.7 billion respectively in 2020. (Photo credit: Representational image/Unsplash)

  • The new, merged entity is expected to be owned by both AT&T and Discovery
  • AT&T bought Time Warner in 2018 for $80 billion
  • The new entity reportedly could be able to compete with streaming giants such as Netflix and Disney+

.Los Angeles, CA, USA
Pepé Le Pew is Warner Bros character first introduced in 1945 (Photo Credit: Twitter/@IGN)

  • The animated character has also been removed from Space Jam 2
  • The charecter has been accused of "normalising rape culture"
  • The reactions of conservative media were criticised by John Oliver

.Los Angeles, CA, USA
LeBron James will be replacing Michael Jordan in the sequel (Photo Credit: Twitter @KingJames)

  • The movie is set to premiere in July
  • It has been described as a "parenting movie"
  • A CGI makeover of the film has got the fans excited for the release