Discovery Warner Bros

WarnerMedia and Discovery deal shows merger mania sweeping TV

92% chance of Apple or Netflix buying Lionsgate (credit: Evan Shapiro)

There is a media consolidation bonanza under way, with no let-up in sight. The boom is sucking in big legacy media companies, including Hollywood studios such as Warner Bros and MGM, as well as broadcasters, production companies and global tech platforms. With its world-class creative talent, the UK is not immune, and the rush by companies to scale up and secure access to premium content is happening worldwide.