After the presentation to the festival and the markets of CMA, BT Group and Warner Bros. Conscovery welcomed the resolution to approve the BT Group agreement with Warner Bros. discovery, Inc. to shape a joint company (JV) 50:50 that will create a new sports sport. providing the United Kingdom and Ireland.
The CMA’s decision now allows BT and Warner Bros. Discovery to complete the creation of the JV in the coming weeks and for each of their assets to be transferred into the new company. BT Sport and Eurosport UK will be brought together to form a sports joint venture for customers, providing the JV with one of the most extensive portfolios of sports rights in the UK & Ireland. Both BT Sport and Eurosport UK will initially retain their separate brands and product propositions in the market before being brought together under a single brand in the future.
Marc Allira, the long -term president of the JV department and CEO of BT CEO, said: “It is a wonderful news that the AMC has approved the new JV that we are forming with Warner Bros. Descosvery, combining the most productive of BT Sport and Eurosport UK, create a new and exciting proportion for live sports programming in the United Kingdom.
Andrew Georgiou, JV Board Member and President and Managing Director, Warner Bros. Discovery Sports Europe, that “the mix of capabilities, wallets and BT gaming and Eurogame UK scale will be a wonderful win for UK and Irish enthusiasts, providing a new destination that will come with all the game they love in one place. of the JV.
The JV Board of Directors will also be represented among the other appointees from British Telecommunications PLC and Warner Bros. The first chairman to be appointed, appointed through the shareholder on a rotating basis, will be Marc Allrara, the consumer division of CEO Bt. The new control and delivery of the JV will be controlled by Andrew Georgiou, president and managing director of Warner Bros. Discovery Sports Europe, which will be a member of its Board of Directors.
About Warner Bros. Discovery
Warner Bros. Discovery (NASDAQ: WBD) is a leading global media and entertainment company that creates and distributes the world’s most differentiated and complete portfolio of content and brands across television, film and streaming. Available in more than 220 countries and territories and 50 languages, Warner Bros. Discovery inspires, informs and entertains audiences worldwide through its iconic brands and products including: Discovery Channel, discovery+, CNN, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Pictures, New Line Cinema, Cartoon Network, Adult Swim, Turner Classic Movies and others. For more information, please visit www.wbd.com
About Warner Bros. Discovery Sports
Warner Bros. Discovery Sports Europe represents WBD’s portfolio of sports brands, channels and platforms in Europe. It collectively reaches 130 million people every month, engaging fans and broad audiences in more than 200 markets and in over 20 languages across all platforms where consumers are spending time -free-to-air TV, pay-TV, streaming, online and social. Warner Bros. Discovery Sports Europe includes the much-loved consumer brands Eurosport, Global Cycling Network (GCN), Global Mountain Bike Network (GMBN), Golf Digest and GOLFTV powered by PGA TOUR, as well sports programming and content on discovery+ and Discovery’s free-to-air TV networks. They connect audiences with the greatest sporting events in the world. This includes being the Home of the Olympics Games in Europe; tennis’ Grand Slams; cycling’s Grand Tours, more than 600 cycling broadcasts per year and the UCI Track Champions League; the PGA TOUR year-round; the best new and existing electric racing series with ABB FIA Formula E World Championship and FIA eTouring Car World Cup; and every major winter sports World Championship and World Cup event. Warner Bros. Discovery Sports Europe completes a full 360° offer with its events management and promotion arm, Discovery Sports Events.
For more information, www. bt. com/about