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There’s no certainty the talks will lead to a deal, according to the tipsters. Both AT&T and Discovery have declined to comment.
A content union between AT&T and Discovery would be unusual, but could make sense given the streaming media landscape. Although HBO Max is growing faster than expected, it’s still eclipsed by incumbents like Netflix. Discovery content might give you a reason to tune in, at least if you’re a fan of cooking and reality shows.
Any mutual sharing would help Discovery, too. Its Discovery+ service is young and, by its nature, limited to a relatively small selection of shows. Access to some WarnerMedia programming could make a Discovery+ subscription more appealing, although it’s safe to say AT&T would limit what it offers to avoid undermining HBO Max.
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