“Discovering Bigfoot” and “Home Hunters” are about to have extra in frequent than the fact TV-crafted thrill of the chase.
Discovery Communications, which owns channels like The Discovery Channel and Animal Planet, will purchase Scripps Networks Interactive, residence of HGTV, Meals Community and extra, for $11.9 billion, the businesses mentioned Monday.
The 2 firms are combining as a result of they need to extra successfully ship you commercials. As soon as mixed, Discovery will account for almost a fifth of the ad-supported pay-TV viewers within the US, and about eight,000 hours of authentic programming yearly. That is equal to greater than 11,000 episodes of “Fixer Higher.”
Discovery Communications and Scripps Networks Interactive did not instantly reply to requests for remark as to how the acquisition would possibly have an effect on programming. Maybe we’ll see crossovers between exhibits and networks.
“This settlement with Discovery presents an unmatched alternative for Scripps to develop its main way of life manufacturers internationally and on new and rising channels together with short-form, direct-to-consumer and streaming platforms,” mentioned Kenneth W. Lowe, Scripps Networks Interactive’s chairman, president and CEO, in a press release.