Warner Bros. Discovery

Method

Warner Bros. Discovery forms in April 2022 when Discovery merges with AT&T's WarnerMedia, inheriting the Otter Media digital portfolio that AT&T assembled between 2014 and 2018. Its predecessor Warner Bros. had invested 18 million dollars in Machinima in 2014 and 24 million dollars in 2015, bought it outright in November 2016, then closed it on February 1, 2019 with 81 layoffs and its YouTube library set to private. Warner Bros. Discovery announces the closure of Rooster Teeth on March 6, 2024 and shuts it on May 15, 2024, with roughly 150 employees in Austin losing their jobs. RWBY goes to Viz Media in July 2024, The Roost podcast network to Night in April 2024, and the Rooster Teeth brand to Burnie Burns's Box Canyon Productions in February 2025.

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The path: money and goods moving

• invested inMachinimaWarner Bros. leads an 18 million dollar round in March 2014 and adds 24 million in February 2015.2014 to 2015
• acquiredMachinimaWarner Bros. buys Machinima outright in November 2016 after 42 million dollars of investment and closes it on February 1, 2019 with 81 layoffs.2016
• invested inGroup Nine MediaDiscovery invests 100 million dollars at Group Nine's formation in 2016 and becomes its largest shareholder.2016 to 2022
• acquiredRooster TeethRooster Teeth passes to Warner Bros. Discovery in the April 2022 merger, which closes it in March 2024 with about 150 layoffs.2022 to 2024
• came out ofAT&TAT&T spins WarnerMedia, including the Otter Media assets, into Warner Bros. Discovery in April 2022.2022