2021 U.S.-Booked Air Volume: $33.5 million

Discovery and WarnerMedia, which was previously owned by AT&T, completed their merger in April 2022 to become Warner Bros. Discovery, a new entity. The value of the deal was $43 billion.

BTN estimates that Warner Bros. Discovery had $33.5 million in U.S. booked air volume in 2021 between the two companies. WarnerMedia in 2020 spent an estimated $29.3 million in U.S.-booked air volume. Discovery was not part of last year’s 2021 CT100.

WarnerMedia in 2021 reported operating revenue of $35.6 billion. Discovery reported 2021 revenue of $12.2 billion.

The combined entity of Warner Bros. Discovery includes such media brands as Animal Planet, CNN, Discovery, Food Network, HBO, HGTV, Science, TBS and Warner Bros.