A big corporate move leads the geek showbiz news, which we round up here.

AT&T is in talks to combine WarnerMedia with Discover Inc. in a transaction that would leave a separate publicly traded company owned by AT&T and Discovery shareholders, according to Bloomberg.  The combined company would be led by Discover CEO David Zaslav, with WarnerMedia CEO Jason Kilar in charge of the company’s streaming channels (HBO Max and Discovery+, for two), according to Variety.  AT&T has been selling assets to reduce debt; it recently sold Crunchyroll to Funimation for $1.175 billion (see "Funimation Gets Crunchyroll").

Disney+ has released a new clip from its upcoming Loki series, which will release on June 11.  The streamer released a previous trailer in April (see "Trailer for ‘Loki’").

Paramount has released the first trailer (below) for the new G.I. Joe feature, Snake Eyes: G.I. Joe Origins.  The movie, which stars Henry Golding, will debut on July 23 (see "Best in Shows – Q3 2021").

Mattel has released images from the Kevin Smith reboot of the Masters of the Universe animated series for Netflix, Masters of the Universe: Revelation (in Gallery below).  Voice talent includes Mark Hamill as Skeletor, Lena Headey as Evil-Lyn, Chris Wood as Prince Adam/He-Man, Sarah Michelle Gellar as Teela, and the original voice of Skeletor, who returns as Moss Man, Alan Oppenheimer.  Animation is by Powerhouse Animation (see "Kevin Smith Unveils ‘He-Man’").

Netflix is developing a new animated feature starring Ultraman with Tsuburaya Productions, according to Variety.  The feature would join the animated series already airing on Netflix (see "Netflix Releaess Animated ‘Ultraman’ Trailer").  Marvel has been publishing Ultraman comics in English (see "Marvel Offers Up ‘Ultraman’ Comics").

Oscar-winner Regina King (who directed the Oscar-nominated One Night in Miami) has been signed to produce and direct the Legendary adaptation of Image comic Bitter Root, the company announced.  Legendary acquired the rights to the series by David Walker, Chuck Brown and Sandford Green in 2019  (see "’Bitter Root’").

Click Gallery below for full-size Masters of the Universe images!