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Creative Industries

AT&T’s WarnerMedia merges with Discovery to create a new media and content giant

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By Emmanuel Legrand
A new content giant was born with the $43 billion merger of AT&T's WarnerMedia with Discovery Communications. The merged company will have projected revenues of $52bn in 2023 and adjusted EBITDA of $14bn.
The new standalone company, which has yet to be named, will combine AT&T's Warner Bros. Studio, CNN, HBO, HBO Max, Cartoon Network, TBS, TNT, among other assets, with Discovery's HGTV, Food Network, TLC, and Animal Planet operations.
It will control over 200,000 ...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Copyright & Regulation

Universal Music Group offered remedy to alleviate European Commission’s concerns over the acquisition of Downtown Music

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Universal Music Group has addressed concerns regarding the proposed $775 million acquisition of independent music company Downtown Music by offering an unspecified remedy to the European Commission.
UMG said the remedy proposal followed "constructive conversations" with the Commission. "We have submitted a robust remedy that comprehensively addresses the Commission's only remaining concern," said UMG in a statement. "This deal is about offering independent music entrepreneurs access to world-cl...

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Creative Industries

Sony Music Publishing signs global publishing deal with BigXthaPlug

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Sony Music Publishing has signed a worldwide publishing agreement with award-winning, multi-platinum selling breakout star BigXthaPlug, a.k.a. Xavier Landum.
Originating from Texas, BigXthaPlug covers multiple genres, from rap and hip-hop to country. His catalogue includes albums like 'Amar' (2023) and 'Take Care' (2024), and songs like 'Texas', 'Mmhmm', 'Levels' and 'The Largest'. His latest album 'I Hope You're Happy' (UnitedMasters), features collaborations with country artists like Luke Com...

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Creative Industries

Jeff Sosnow promoted to President of Warner Records Group’s Reprise Records

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Warner Records Group has promoted Jeff Sosnow to President of Reprise Records, in addition to his role as EVP of A&R for Warner Records. He will remain based in Los Angeles and report to Aaron Bay-Schuck, Co-Chairman and CEO of Warner Records Group.
In this expanded remit, Sosnow will "oversee the next chapter of Reprise — one of the most storied and artist-centered imprints in modern music — while continuing to guide A&R strategy for Warner Records," said Warner Music Group in a statem...

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