WarnerMedia and Discovery Mega-Deal Leaves Rival Studios Scrambling to Get Bigger

Bankers are already starting to salivate over what other megadeals could be in the offing following this week's surprise pair-up of WarnerMedia and Discovery. AT&T's desperation to drop a company that it spent $85.4 billion and a year and half in legal fights to acquire raises the immediate question of what else might be possible in an era when Wall Street is pressuring big media conglomerates to keep generating content for audiences hungry to stream their favorite dramas and comedies.