Media Magnate David Zaslav Predicts Industry Consolidation at Sun Valley Conference
Money | July 10, 2024, 5:34 p.m.
Warner Bros. Discovery CEO David Zaslav predicts a surge in media deals as the industry continues to transform. Zaslav anticipates consolidation through company acquisitions or collaborative streaming ventures. At the Allen & Co. conference in Sun Valley, he discussed upcoming projects like a streaming bundle with Disney+, Hulu, and Max, as well as Venu, a sports streaming partnership with Disney and Fox. With plans to offer hockey, Nascar, and other sports content, Zaslav highlighted the company's dominance in sports broadcasting. However, Warner Bros. Discovery may lose basketball rights as the NBA finalizes deals with other networks. While the Paramount and Skydance merger progresses, regulatory obstacles hinder potential M&A activities. Zaslav advocates for deregulation to facilitate industry growth and innovation. Overall, he envisions a dynamic future for Warner Bros. Discovery in the evolving media landscape.