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BT And Warner Bros Discovery UK Sports Joint Venture Approved
Britain’s Competition and Markets Authority (CMA) has given approval for BT Group and Warner Bros. Discovery to form a 50-50 sports joint venture for the UK & Ireland. Both companies sports assets will now combine over coming weeks. BT Sport and Wbd’s Eurosport will initially retain their brand propositions before uniting under a single brand name in the future. BT’s Consumer division CEO Marc Allera, who has been named Chairman of the Jv, said the approval marked a “milestone.” The chair will rotate between the two shareholders, with management of the Jv going to board member Andrew Georgiou, President and Managing Director, Warner Bros. Discovery Sports Europe. The CMA had initially decided too investigate the merger more than six weeks ago.
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Britain’s Competition and Markets Authority (CMA) has given approval for BT Group and Warner Bros. Discovery to form a 50-50 sports joint venture for the UK & Ireland. Both companies sports assets will now combine over coming weeks. BT Sport and Wbd’s Eurosport will initially retain their brand propositions before uniting under a single brand name in the future. BT’s Consumer division CEO Marc Allera, who has been named Chairman of the Jv, said the approval marked a “milestone.” The chair will rotate between the two shareholders, with management of the Jv going to board member Andrew Georgiou, President and Managing Director, Warner Bros. Discovery Sports Europe. The CMA had initially decided too investigate the merger more than six weeks ago.
Netflix Ties With ‘Descendants Of The Sun’ Team For K-Drama
Netflix has greenlit a Korean series from...
- 7/22/2022
- by Jesse Whittock
- Deadline Film + TV
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