David Zaslav says Trump will fuel big media mergers

2 weeks ago 15

/

The Warner Bros. Discovery CEO said the caller medication could ‘offer a gait of alteration and an accidental for consolidation.’

By Emma Roth, a quality writer who covers the streaming wars, user tech, crypto, societal media, and overmuch more. Previously, she was a writer and exertion astatine MUO.

Nov 7, 2024, 8:02 PM UTC

Photo collage of an representation  of Donald Trump down  a graphic, glitchy design.

Image: Cath Virginia / The Verge; Getty Images

Warner Bros. Discovery CEO David Zaslav thinks putting Donald Trump backmost successful the White House could connection a friendlier situation for large media mergers. “We person an upcoming caller administration,” Zaslav said during an net telephone connected Thursday. “It’s excessively aboriginal to tell, but it whitethorn connection a gait of alteration and an accidental for consolidation that whitethorn beryllium rather different.”

Zaslav made the connection successful effect to a question astir streaming partnerships, saying changes nether the Trump medication could person “a existent affirmative and accelerated impact” connected the amusement industry. With much contention than ever successful streaming, it’s getting harder for services to get a viewer’s undivided attention.

“This is an manufacture that truly needs to consolidate,” Zaslav said. “Consumers enactment connected a TV acceptable and they spot 16 apps, and each of those are doing antithetic pricing and you’re sitting determination with your telephone and Googling wherever a amusement is... it’s conscionable not a bully user experience.”

Zaslav, of course, knows a happening oregon 2 astir mergers. He oversaw Discovery’s merger with WarnerMedia, axing movies similar Batgirl successful the process. Recent reports suggest that Warner Bros. Discovery was considering spinning disconnected its streaming business. The institution besides discussed a imaginable merger with Paramount for months, which alternatively agreed to a woody with Skydance pursuing a precise drawn-out process. Even Comcast has mentioned partnering with another streamer to bolster Peacock.

Mega-mergers similar these could look less obstacles nether the Trump administration. The president-elect is expected to shake up enactment successful regulatory agencies similar the Federal Trade Commission and the Department of Justice, arsenic good arsenic adjacent loosen definite antitrust guidelines.

Read Entire Article