you will have warner bros.ilms, cnn, scripted dramas, and you'll have reality shows, cooking shows from discovery, nature documentaries. it is a wide range of content and i think they think when they combine them together, we will givehem the scale in streaming to really compete with netflix, which is already a global company, and we disney, which is attempting to become one. >> will they achieve it? they will have an awful lot of content, but as we all know, when you try to look for something to watch, you can never really find anything. will they be able to address those kind of issues? alex: netflix has perfected the idea that they will always tee up something you will like. once your show is over, they have an idea of what you like and they will try to deliver another episode of something you will enjoy. that is a tough thing to do, it is a technology driven products, and media companies and entertainment companies, they have a legendary film studio, but they don't have experience building technology produc

the warner bros statement that came out today was actually notable for making mention of that.ted it. not anymore, it would seem. we will keep an eye and well done you at the los angeles times. thank you for being on the programme, good to talk to you. time for all the sport now. hello, i'm marc edwards. it could be a big day for chelsea and manchester city — as they wait to find out where the champions league final will be held. wembley was an option, but portugal has become the strongest contender to host the event, either in porto or lisbon. the final on the 29th may is likely to be moved from istanbul because of the impracticality of fans from england being able to attend — that's after turkey was added to england's red travel list. sadly, it's farewell to fulham. after just one season in the top flight they've been relegated from the english premier league, after a 2—0 defeat to burnley on monday. meanwhile manchester city can potentially be crowned champions later on tuesday if manchester united fail to beat leicester vity. it is second versus fourth at old trafford in wh

tom: like at&t, down in flames with warner bros..ther that goes down to discovery, amazon buying mgm and all of that, this cultural overlay among all of the finance, the investment, all of the mckenzie talk, as you call it. i think the cultural overlay like cathay bank in l.a. is a huge deal, and i should point out citizen bank of providence. jonathan: enjoy the mckenzie talk, don't you, lisa? quite often. synergies. what is the other word we like? lisa: efficiency's. tom: we are innovating ourselves toward execution. lisa: what does that mean? tom: it is a dramatic shift. jonathan: that is a world-class mba. that will cost you $200,000. tom: we have synergy towards our new paradigm. jonathan: this is bloomberg. ♪ (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that and more in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you to maintain comfortable, correct form. that means better results in less time. y

it is looking to spin off media and sports operations including cnn, hbo, tnt, and warner bros. studios to combine them with discovery think, which has channels in 2 -- discovery, which has channels in 220 countries. the combination of two of the largest media operations in the u.s. effectively creates a new standalone company with the goal of creating one of the largest global streaming players. in a joint statement, the two companies said the deal will see at&t receive 43 billion dollars. shareholders will receive stock representing 71% of the new company while dcovery stocolders will own 29%. the chief executive of the new company was upbeat about the news. >> it is super exciting to combine such historic brands, world-class journalism, and iconic franchises under one roof and unlock so much value and opportunity. >> the deal positions the company to become one of the leading direct to consumer platforms. media is becoming increasingly dominated by streaming. >> meanwhile, here in france, the largest private tv channel is in talks with a smaller station. this is set to be the

. >> coyne used the money from his first record deal with warner bros. to buy a home for $20,000.oma city's poorest neighborhoods. >> it's aig house that we felt like we could all live here, we could rehearsee t des later, he iocks, his this is art and wife katie and son bloom. >> i call him the energizer bunny. he dreamed up the bubble shows. and drew a sketch, i'm like, yeah, that is cool and i did not know if he was going to make it happen. if he is tryingake something happen, he is going to make it happen. >> the idea of an entire audience safely sealed in in bubbles came to coyne, one day while he was in traffic. >> i'm driving in the car, and i think, i thought, that was funny. a half hour later, i got it. coyne, was in a bubble on top of the crowd in the coachela music festival. to seal the audience in bubbles that was a complicated thing. the lodgistics of is are craz a. >> it's worse than i thought. >> he agonized over detail. from the signs for audience members to holdup if they get too hot or have to uses the bathroom to how to disinfect the bubbles after the show. >> t

we all remember the tasmanian devilfrom the warner we all remember the tasmanian devil from the warner brosartoons and is do to be in a film later this year. more useful than perhaps that one. more news on our website and more in the coming hours. do stay with us, bye—bye. hello there. the bank holiday weekend is fast approaching, and we could all do with something a little more settled, couldn't we, to make outdoor plans. well, i can offer you certainly some drier weather over the next few days and into the weekend, and it will be warmer, too. now, just how warm, take a look at this. with the wind direction coming up from the south by the weekend, we could see temperatures peaking into the low 20s, and we've only seen that once so far this may. so, that's something to look forward to. during wednesday, however, this weather front will enhance some showers coming out of eastern scotland during the morning and sinking their way steadily south across north east england, down through the pennines, maybe into the east midlands, although weakening somewhat. behind, we could see a few scattered,

last week, warner bros., part of time warner at&t, did a merger with discovery.here's very few companies left. lions gate is one that is still independent. amc networks is also out there. but a lot of these companies, the free radicals in the media industry have been rapidly consolidating. everything is kind of part of a big conglomerate now at this point, except for a few of these companies on the fringes like mgm. alix: thanks so much. we will be tracking that throughout the day. excuse me. tech stock yields also catching a bid. you've got inflation fears ebbing. we do see the s&p losing some steam, flat on the day. what do you do? barbara ann bernard, wincrest c io -- wincrest capital ceo, will be joining us next. this is bloomberg ♪ -- this is bloomberg. ♪ ♪ >> if we see inflation that moves consistently and materially above our goal that threatens to have impact on the long-term inflation excitation, we have the tools and experience to gently guide inflation back down to target, and i think no one should doubt arkham, to do so. -- doubt our commitment to do

yes it's at&t has include cnn, hbo, -- the assets at&t has include cnn, hbo, and warner bros.o it is a vast portfolio. paul: it would market surprising final chapter in at&t's rise to power in the media world. >> some are saying it is almost as if he is reversing the path of his predecessor. the streaming revolution moved far faster than at&t expected since it deal with directv and time warner. the revolution hurt at&t by luring away tv subscribers that were supposed to find the investment. at&t spent roughly $85 billion in the past few years. in 2014, they spent $50 billion on directv. in 2016, they spent a large amount on time warner. in 2017, they did not anticipate the trump administration's justice department would intervene and hold up the deal. in 2019, they could not have anticipated activist paul singer's elliott management would step in and set up the device to chair of directv. directv was spun off in 2021 at a fraction of what at&t paid for it. bloomberg began reporting at&t is in negotiations to combine we assets with discovery. a major deal in the works and one t

for example, warner bros. did a dual release strategy and 2021 because of the pandemic.ey have announced that all of movies in 2022 have a 45 days streaming window. albeit the act: movies. sony has announced a 45 day window. universal has announced a streaming window. disney is still in the middle of sorting through the pandemic. cruella opens next weekend in the united states. that has a simultaneous strategy. disney has announced a number of movies opening later in the year that have a 45 day window. a quiet place also opens next week, that has a 45 day window. you are looking at it at a point in time when you are transitioning to a pandemic. i think with the remnants of the pandemic, as the pandemic fades, we likely saw this week on f9, we will see much more windowing when it seems to be coalescing around the 45 day. haidi: there are concerns about vaccination levels plateauing. how much of your outlook, the positive outlook relies on vaccination in the u.s.? >> it depends on the country. some of the asian countries have a different approach. the box office has been v

peacock, the nbc universal library, and disney plus, with disney and fox's library, and hbo, with warner bross library. they cannot compete without a library of their own. i think the loser is netflix. they don't have a deep library. amazon just locked up more content that was not locked up by the other big services. emily: what is your take on that? you chronicle how amazon studios, the original programming got off to a slow start, they did not necessarily know how to negotiate in hollywood. they had some executive problems at the company. now we are seeing spending big, over the last several years, he has been willing to spend. what do you make of this? >> it is interesting. in the beginning, there was only kind of an intuition of how they might monetize original content or license content. what has really developed our business models to exploit the kind of content library they will be getting from mgm. it is not just making content the centerpiece of the prime subscription club, but it is also the ad business. we have seen the growth of imdb tv, where people may not know about it, but it

warner bros. and i had a syndicated show for several years.ccusations of sexual misconduct as well as more than a dozen of employees accused of misconduct, you got a problem. you have to run an organization and know that your organization is okay. if you are tone-deaf to what's going on in the organization, that is a problem. so the answer to your question is yeah, there is a fine line between getting that a group going and being mean. but in this case, i don't think she was on top of her staff. she got canceled. >> tyrus: "one more thing" is up next. ♪ ♪ . certified turbocharger, suspension and fuel injection. translation: certified goosebumps. certified from headlamp to tailpipe. that's certified head turns. and it's all backed by our unlimited mileage warranty. that means unlimited peace of mind. mercedes-benz certified pre-owned. translation: the mercedes of your dreams is closer than you think. finding new routes to reach your customers, and new ways for them to reach you... is what business is all about. it's what the united states posta

tom: warner bros. owns that from another transaction ages ago.on't quote me on this, i believe "gone with the wind" is not owned by mgm, even though the land is at the beginning -- even though the lion is at the beginning. lisa: the lion is there. [laughter] tom: the lion comes on in the movies, and vet bill goes absolutely nuts. jonathan: anna han joins us, wondering what on earth is going on on this program. let's talk about this growth bounce. what are you looking at that tells you this one doesn't last? anna: i think your question cut off a little bit at the end, but you are asking if this growth bounce doesn't last? if that was the question, i would say what you have right now is a positive rising yields. the slowdown in the pace, over the last several quarters, several months, this reflation trade is going to continue. even if we get decent prints, i don't think that is going to be enough to necessarily force the fed's hand if it is tightening any before 2024. tom: you go right to xy access and cartesian geometry. you are comparing and cont

. >> harris: well, and david, she's got a new book coming out, she's worked with warner bros. got stuff to do. i don't know how you leave the organization through such a tumultuous time and have time to do all those other projects and then "leave because of it." but i guess she's gifted. >> david: recent research has shown that with her at the helm of the organization, the approval rating amongst republicans and democrats have gone down and for the organization as donors look at what they're doing, they're going to have to prove that their dollars are being spent well or donors have the right to go somewhere else. if they are going to survive they are going to have to actually use their money towards the mission of the organization. >> harris: all right, we will move on here. the woke mob may have met their match in gwen stefani. but the singer is doing to shut down criticism that she misappropriated japanese culture. ♪ ♪ you need a financial plan that can help grow and protect your money. an annuity can help cover essential expenses in retirement, so you can live the life you

it's a spin-off of warnermedia which includes cnn to hbo, warner bros., and movie studio and joining it with discovery, which is the home of tlc, animal planet. in some ways this is like taking the hbomax streaming service and discovery plus and putting them together in order to compete with did nand netflix. >> is there one day consumers will get all of those offers? >> people are signing up for two or three or four services. discovery and warnermedia want to make sure this company is in that mix. it will include cnn as well as all of those entertainment assets i've mentioned. what we're seeing is a bat frl streaming scale. five years ago, at&t, one of the biggest companies in the country bought time warner which became bigger. >> at&t got in big into the entertainment business, directv and time warner and now getting -- >> now unwinding that. although, at&t shareholders will remain very much invested in this new media company. so in effect what we're seeing is an unwinding of a deal five years ago. at&t focused on wireless and broa broadband. but you're going to try to be invested

we know that at&t's holdings of cnn, hbo, time warner, tvs, warner bros., all of that is considered aaul: su, this spinoff would mark a rather surprising final chapter in at&t's rise to power in the media world. could you walk us through some of their more recent deals? reporter: the streaming revolution caught at&t by surprise. happening a lot sooner than they expected. there deal with directv and time warner never really got a chance to payoff. agency has spent $85 billion in the past few years. -- at&t has spent 85 to -- has spent 85 billion dollars in the past few years. in 2016 they bought time warner. by 2017, the trump administration had the justice department taking a look that delayed this deal. by 2019, a big activist investor was already putting pressure on the company to get rid of directv. in 21, they spun it off. it is a reversal of the past few years. paul: su keenan there in new york. you can read more about at&t's plans to take on netflix in today's edition of "daybreak." look on your terminals. this is also available mobile on the bloomberg anywhere app. let's get a

it seems to me that if you are brian roberts, you say warner bros. would have been an ideal fit.ngs that would have gone together from anti-trust perspective, i'm not sure he wants to insert himself in that transaction or bid for it or break it up. the best thing to do is the olympics is coming up for peacock. let's make peacock relevant. when we look at this in a year or two years or three years from now, it may be the relevant set of partners is not viacom, but what if amazon decides they want to gain real scale now and they become a ptial suitor for the nbc universal business or anti-trust regulators are forcing amazon to sell something and amazon studio assets become available? there is a lot of ways this can play out i think the best thing for comcast to do is stick to the knitting and make peacock a relevant service it really hasn't gotten there yet. >> cara, the talk yesterday afternoon was, of course, the news of amazon interested in mgm. the question is does somebody else try to jump in and buy mgm? mgm has been on the auction block for a very long time now >> yeah. that