As the largest shareholder in Discovery, the mogul is supporting the planned megamerger of Discovery and AT&T's WarnerMedia.
Asked about the merger, Malone said, “I love David, he is a force of nature, I have never seen a guy with more energy” and is “extremely competent,” meaning that “if anyone can pull off this kind of combination, it will be David.” Malone also argued that the cost and revenue synergies will “easily” exceed $3 billion-$4 billion a year, he argued. Management has targeted $3 billion in annual cost synergies so far.
Malone also addressed the streaming wars, saying, “I am not sure that the race for just broad entertainment is the whole game.” He instead argued that “it is a whole series of games, and you don’t have to win every game.”