Discovery Stock Falters, AT&T Climbs on Blockbuster WarnerMedia Deal News

Stacey Sher, an executive producer of FX’s Mrs. America, has struck an overall deal with the cable network’s production division.

Joe Otterson TV ReporterStacey Sher has signed an overall deal with FX Productions.“It’s been a great privilege for me and the whole FX team to work with Stacey as an executive producer, and I’m grateful that she will continue to call FX her home,” said John Landgraf, chairman of FX. “Stacey’s track record of success speaks for itself.

Brian Steinberg Senior TV EditorDiscovery’s CEO feels a combination of WarnerMedia and his company will create a new media company that is “uniquely competitive with Netflix and Disney,” and articulated the need to have a global footprint in the future in order to compete in the entertainment industry’s streaming wars.Discovery last week stuck a pact with AT&T to take over WarnerMedia operations in a deal that executives hope will pass regulatory muster by mid 2022.

GB News, the new UK news channel backed by Discovery, will launch on June 13.

The CW Mark Pedowitz got out in front of any questions about how the WarnerMedia/Discoevry mega-deal would impact the youth-skewing network.

Joe Otterson TV ReporterMark Pedowitz, chairman and CEO of The CW, spoke about the upcoming Discovery-WarnerMedia merger during a programming conference call on Tuesday.Asked how the deal would affect The CW, which is owned in part by Warner Bros., Pedowitz said “At the moment, it does not.

Naman Ramachandran The ongoing battle between the Indian government and Twitter intensified on Monday with the Delhi Police raiding the social media outfit’s Delhi and Gurgaon offices over a tweet marked by the platform as “manipulated.”The tweet in question originated from Sambit Patra, national spokesperson of India’s ruling party, the Bharatiya Janata Party (BJP), on May 18.

Brent Lang Executive Editor of Film and MediaIt pays to pull off a massive media merger.Discovery chief David Zaslav is certainly being handsomely rewarded for his role in pulling off the merger agreement between his company and WarnerMedia. A day before AT&T announced it was spinning off WarnerMedia and combining it with Discovery, Zaslav received 14.8 million stock options on Sunday as part of a contract extension, which the Wall Street Journal reports are worth $190 million.

Discovery awarded CEO David Zaslav nearly 14.8 million stock options on Sunday, the day before the company unveiled plans to merge with AT&T’s WarnerMedia.

it was announced he’ll take over a new company formed from a merger with WarnerMedia.“Mr. Zaslav’s resignation is not the result of any disagreement with the Company on any matter relating to its operations, policies or practices,” Lionsgate said in an SEC filing Wednesday announcing the move.

AT&T and Discovery rocked Hollywood with the combination that will see WarnerMedia and Discovery rolled together into a new standalone public entertainment company led by Zaslav — as AT&T exits the sector and Discovery doubles down.

Stacey Dooley was clearly delighted by some great news that her boyfriend, Kevin Clifton, shared with his fans on Wednesday.The broadcaster, who met Kevin when they were paired on the 2018 series of Strictly, took to her Instagram Stories to share her pride in her partner.MORE: Stacey Dooley reveals reluctance to marry Kevin Clifton - find out whyCommenting on the dancer's latest career move, starring in a new stage production of Singin' in the Rain, the star shared a photo of herself and Kevin

EXCLUSIVE: Discovery+ has ordered Curse of the Chippendales, a new four-part true-crime series that revolves around the dark side of the 1980s all-male striptease dance troupe, from Lightbox, the production outfit run by Oscar and Emmy-winning filmmakers Simon and Jonathan Chinn.

Cynthia Littleton Business EditorDiscovery’s tie-up with WarnerMedia has stirred up a firestorm of chatter about the impact of the deal that took nearly everyone in Burbank and Hudson Yards by surprise over the weekend.After a day of digesting the news and reading tea leaves, industry insiders were focused on the timing of WarnerMedia CEO Jason Kilar’s departure and the size of his severance package after one year and two weeks on the job.Another surprise that emerged from the fine print on the

reported, citing an unnamed close associate of Zucker’s. Axios and the Los Angeles Times both noted that Zucker has long been friendly with Discovery CEO David Zazlav, who is set to take over the new company when the merger is completed in mid-2022.

Discovery stock has jumped 18% in premarket trading on news the company is merging with spun-off WarnerMedia.AT&T, which is spinning off its entertainment brand, is up 5%.Early Monday, AT&T announced it was spinning off WarnerMedia into an independent company that will merge with Discovery Inc.