AT&T and Discovery to create new streaming giant
US telecoms giant AT&T has agreed to combine its WarnerMedia business with Discovery in a deal to create a new streaming giant.
The tie-up brings one of Hollywood’s biggest studios and Discovery’s channels under the same ownership.
AT&T owns CNN, HBO and Warner Bros, after acquiring many brands in a $108.7bn (£77.1bn) purchase of Time Warner in 2018.
The American Military Industrial Complex is finally recalibrating and pivoting against China’s soft power and grey zone warfare.
Hollywood is the propaganda arm of the American Military Industrial Complex. A mass media consolidation like this is a National Interest level move, America doesn’t care if you watch their content on a Chines made product, they only care you watch it.
Coke, Levis and a Big Mac alongside movies and music have done more to cement into place a global culture hegemony for America than naked military force has.
Previously Corporate Hollywood had escalated internet piracy to a National Security level after it threatened Obama with no donations. Shortly after that threat, the case against Kim Dotcom was built as America attempted to assert their jurisdiction over the internet. That case continues in NZ.
This consolidation of media is a strategic geopolitical move and a clear indicator that America is actively refocusing on countering China’s soft power.
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Except, these days 9/10 Hollywood blockbusters are only successful because of the Chinese market and any anti Chinese stuff gets films banned from China.
The only rhin
Movies don’t make profits anymore, films can make two billion and barely make $40 mill profit , they are merch opportunities and china not only makes the merch products but also consumes the merch more than USA and has movie themed parks. I think this used to be true but I dont think it is as much anymore
I don’t think it’d be wise to cut ties with your biggest market in a global recession and multinational corporations have no allegiance to anything but money
Globalization of capital has made Hollywood just as owned by china as Washington it’s share holders are the around the world. I don’t doubt propaganda is happening but it’s more likely to be anti western propaganda from Hollywood, they know where their money comes from plus western lefty’s love anything anti west so it makes money there too
Merchandising makes most of the movie profits now, not the movie.
+1 Hollywood is the propaganda arm of the American Military Industrial Complex
I just hope the NZ government who supposedly wants an independent foreign policy, stop the persecution of Dotcom (at NZ taxpayers expense) and call it a day.
If Hollywood want to prosecute him, then they can pay their own lawyers fees. We have starving and murdered kids in NZ, that need our taxes, more than Hollywood’s non taxpaying misoginists and sexual abusers who have been found out for the terrible culture at the top, they have!
Oh Fuck – imagine how woke this shit storm of a corporate will be. Also imagine how big Toxic Tova’s head will be if she is the political editor of CNN (little) Aotearoa. This is the stuff of nightmares……
Back on the topic. This says more about AT&T and a desire to dump non performing business arms. Remembering this is the business model the Dutch bell end that used to head up Fonterra subscribed to – buy everything that moves and think you can milk the cash out of them.
The problem for America is that, whereas people in the Anglo-Saxon sphere used to seek out American products, they now avoid them. Not that America makes much outside the requirements of the Military Industrial Complex, and industrial ‘food’ to keep the corporations profitable and keep the people obese and sick.
As for American films and TV, too many people chasing one another with guns for far too long to be at all interesting anymore.
She’s going down fast, now.
I don’t know why you think this has anything to do with China or US propaganda. It all about AT&T distancing itself from a company they paid far too much for that is currently losing it billions of dollars (mostly due to woke programing that no one other than Blue Checkmarks on Twitter want to watch). If anything, they’ll pander harder than ever to that sweet, sweet Chinese market, just like Disney.
I can’t think what soft power China has. No-one in the west, and many other places, watches Chinese films or tv or listens to Chinese music
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