What if Amazon acquired Warner Bros. Discovery

On May 17, 2021, AT&T announced that it had agreed to spin off its content subsidiary WarnerMedia (the former Time Warner, which AT&T had acquired in 2018 for just over $85 billion in an attempt to become a vertically integrated media conglomerate) and merge it with Discovery Inc. to form a new company, subject to regulatory approval, on the same date, Amazon entered negotiations to acquire MGM, on May 26, 2021, Amazon announced their intent to acquire the studio for $8.45 billion, with the studio and its units/assets continuing operations under the new parent company. What if Amazon joined as a merger partner? Let's see what could happen...

Potential changes

 * Amazon will be merged into Warner Bros. Discovery.
 * Amazon Studios would be folded into Warner Bros. Pictures
 * MGM and it's subsidiaries would became a subsidiary of Warner Bros. Pictures Group, thus New Line Cinema would became an arthouse unit of Warner Bros. Pictures Group. & American International Pictures would became a traveller unit of Warner Bros. Pictures Group., as well as Orion Classic was a multiplatform distribution label of Orion Pictures.
 * MGM Home Entertainment would became a label of Warner Bros. Home Entertainment
 * Warner Bros. Discovery will acquire the remaining 50% of United Artists Releasing from Annapurna Pictures, and will be folded into Warner Bros. Pictures 'distribution arm.
 * Amazon Games and it's subsidiaries would be folded into Warner Bros. Interactive Entertainment
 * Epix Entertainment LLC would be folded into Home Box Office, Inc., thus Epix would became a subsidiary of Home Box Office, Inc.
 * Amazon Prime Video, Epix Now, HBO Max & Discovery+ would merge to from WB Prime
 * Warner Bros. Discovery would acquire Image Comics, and will be folded into DC Comics
 * Warner Bros. Discovery would acquire A24, and would become a indie unit of Warner Bros. Pictures

Assets
Amazon's assets will be merged with Warner Bros. Discovery's content production businesses.

TBA