Liquidation of WarnerMedia

The liquidation of WarnerMedia occurred in 2021 after AT&T was unable to find a buyer for its WarnerMedia assets.

Division of assets

 * Much of the former Turner assets (TSS, TNT, TCM, and 50% of Cartoon Network), as well as HBO assets (including HBO Max), went to Johnson Industries.
 * CNN, its related networks, and CNN+ went to Sony, which already owned ABC.
 * Warner Brothers Pictures itself, as well as The WB network, went to Japanese-States-based Toei Company, forming WarnerToei.
 * DC Comics and its related properties went to Discovery/MGM under David Zaslav, who proceeded to trash the DCEU to increase its relevance, which led to Zaslav being assassinated by an angry fan after writing a Batgirl movie off for taxes. Afterwards, Discovery went bankrupt, and was quickly acquired by Amazon.