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Discovery Inc. owns several other networks such as Animal Planet, Discovery Family, and TLC, among other things; a streaming service combining the various Discovery Inc. brands, Discovery+, launched in 2021.

In May 2021, AT&T announced that it had proposed a merger between Discovery Inc. and its media subsidiary WarnerMedia, which would be spun off into a new publicly-traded company to be known as Warner Bros. Discovery. The transaction is subject to regulatory and shareholder approval.

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