WarnerMedia, Discovery Complete Merger, Become Warner Bros Discovery

The AT&T logo is pictures on a building in Los Angeles, California, U.S. August 10, 2017. REUTERS/Mike Blake//File Photo
The AT&T logo is pictures on a building in Los Angeles, California, U.S. August 10, 2017. REUTERS/Mike Blake//File Photo
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WarnerMedia, Discovery Complete Merger, Become Warner Bros Discovery

The AT&T logo is pictures on a building in Los Angeles, California, U.S. August 10, 2017. REUTERS/Mike Blake//File Photo
The AT&T logo is pictures on a building in Los Angeles, California, U.S. August 10, 2017. REUTERS/Mike Blake//File Photo

AT&T Inc's WarnerMedia unit and Discovery Inc have completed their merger, the companies said on Friday.

The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq on Monday under the ticker symbol "WBD".

In May last year, the companies set out to merge and become a standalone media business, with AT&T aiming to focus more on its wireless ambitions and Discovery looking to beef up its content library.

"With the close of this transaction, we expect to invest at record levels in our growth areas of 5G and fiber, where we have strong momentum," AT&T Chief Executive Officer John Stankey said in a statement.

Warner Bros Discovery's portfolio includes Discovery Channel, Warner Bros. Entertainment, CNN, HBO, Cartoon Network; streaming services Discovery+ and HBO Max; and franchises like "Batman" and "Harry Potter".

A top priority for David Zaslav, the long-time Discovery veteran leading the combined entity, is to make streaming video as profitable as the old TV business, analysts said.

Discovery On Thursday announced the executive team to lead the new Warner Bros Discovery (WBD), leaning heavily on a trusted group of lieutenants, many of whom have worked with its chief executive since his days at NBC.

Nine high-level WarnerMedia executives, including Chief Executive Jason Kilar and Studios and Network chief Ann Sarnoff, announced their exits ahead of the formation of the combined company earlier this week.



Take a First Look at the New Harry Potter as HBO Begins Filming Series

 This image released by HBO shows Dominic McLaughlin, who will portray Harry Potter, on the set of HBO series "Harry Potter," scheduled for 2027. (Aidan Monaghan/HBO via AP)
This image released by HBO shows Dominic McLaughlin, who will portray Harry Potter, on the set of HBO series "Harry Potter," scheduled for 2027. (Aidan Monaghan/HBO via AP)
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Take a First Look at the New Harry Potter as HBO Begins Filming Series

 This image released by HBO shows Dominic McLaughlin, who will portray Harry Potter, on the set of HBO series "Harry Potter," scheduled for 2027. (Aidan Monaghan/HBO via AP)
This image released by HBO shows Dominic McLaughlin, who will portray Harry Potter, on the set of HBO series "Harry Potter," scheduled for 2027. (Aidan Monaghan/HBO via AP)

HBO has officially started production on the highly anticipated "Harry Potter" TV series adaption, the network announced Monday, also revealing a first look at the titular character.

The photo released by HBO shows Dominic McLaughlin as Harry Potter, donning the signature Hogwarts uniform paired with round-rim glasses and a lightning bolt scar, not unlike the iconic costume worn by Daniel Radcliffe in the eight-part film series.

The show began production at Warner Bros. Studios Leavesden in the UK, and is expected to debut in 2027.

A new round of actors were announced Monday, including Rory Wilmot as Neville Longbottom, Amos Kitson as Dudley Dursley, Louise Brealey as Madam Rolanda Hooch and Anton Lesser as Garrick Ollivander.

The network announced in late May that McLaughlin was cast as Harry Potter, Arabella Stanton as Hermione Granger, and Alastair Stout as Ron Weasley.

Several high-profile actors have been announced in other key roles, including Paapa Essiedu as Severus Snape, John Lithgow as Albus Dumbledore and Katherine Parkinson as Molly Weasley.

The new series adaption begins production nearly 14 years after the final movie adaption of J.K. Rowling's books, "Harry Potter and the Deathly Hallows: Part 2," was released in theaters.

In addition to the blockbuster movies, the franchise has inspired a Broadway play, video games and theme parks since the first installment was released 28 years ago.

The new series will be "a faithful adaptation of the beloved Harry Potter books," the network previously wrote, and "will feature an exciting and talented cast to lead a new generation of fandom, full of the fantastic detail and much-loved characters Harry Potter fans have adored for over 25 years."