BT Group, a British multinational telecommunications holding company, and Warner Bros, an American film and entertainment company, agreed to form a $780m joint venture. "We are excited to bring fans a new premium sport offering that brings together everything they love from BT Sport and Eurosport UK. Combining this with our growing portfolio of premium entertainment content promises to deliver consumers a richer and deeper content proposition, not only providing greater value from their subscriptions but bringing sport to a wider entertainment audience," Andrew Georgiou, Warner Bros Discovery Sports Europe President and Managing Director.