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...Warner Bros and Liberty acquired the company in 2014 for £550mn. The deal could enter exclusive negotiations before Christmas, one of these people added....
...“We remain a very cash-generative business,” said Thompson, who was hired by Warner Bros Discovery chief executive David Zaslav....
...Warner Bros Discovery is to launch its Max streaming service across Europe, bringing together popular TV shows such as The White Lotus with movies like Barbie to challenge market leaders Netflix and Disney...
...Meanwhile, Warner is still digesting the acquisition of Warner Brothers from two years ago. This has disappointed on savings and profits. Warner’s shares are since down more than half....
...After leaving the company that further deals would turn into Warner Bros Discovery, Levin married his third wife, Laurie Ann Levin, who ran a holistic healing institute in Los Angeles....
...Warner Bros Discovery and Paramount Global are in early talks to merge, in a media deal that would combine the owner of HBO and CNN with the studio behind the Mission Impossible films and CBS News....
...Disney’s ESPN, Fox and Warner Bros Discovery plan to launch a sports streaming service later this year that will aggregate the games offered by the media groups’ traditional television networks....
...Like other legacy entertainment companies, Warner is facing a sharp decline in its traditional television business....
...The company behind HBO, CNN and the Warner Bros movie studio has been focused on cutting costs and trimming its debt following the $40bn merger of Warner with Discovery last year and against the backdrop...
...The prediction reveals how vital legacy television remains for content producers. Yet the broadcaster showing this year’s game, Paramount, is traditional television’s most distressed provider....
...It also does not have the burden of legacy cable television networks that Paramount, Disney, Warner Bros and Universal do....
...Warner, home to HBO and the Warner Bros movie studio, has made a small profit at its US streaming services this year, in part by raising prices, aggressively culling some series and licensing others to Netflix...
...Under Zaslav, Warner Bros Discovery has been focused on austerity over the past year, a strategy it says is paying off. Warner says Max will be profitable in the US this year....
...David Zaslav, the chief executive of Warner Brothers Discovery, said on Thursday that the US media company was “in the business of storytelling”....
...The deal is a big win for Warner Bros and Liberty, which acquired All3Media in 2014 for £550mn....
...The company, which owns HBO, the Warner Bros movie studio and CNN, reported a quarterly loss of $1.2bn, down from $3.4bn a year ago....
...Bros Discovery....
...Whenever questions about CNN’s declining ratings have come up over the past year, Warner Bros Discovery chief executive David Zaslav has urged patience....
...traditional television....
...Shares in Warner Bros Discovery slumped earlier this month after the entertainment group warned it was “unlikely” to meet its goals for paying off debt, against the backdrop of rising interest rates....
...This summer, Warner Bros Discovery’s HBO network began licensing a handful of older shows to Netflix, including Insecure, Six Feet Under, Ballers and Band of Brothers....
...An advertiser exodus from Elon Musk’s X gathered pace on Friday, with Apple, Walt Disney, Comcast, Paramount and Warner Bros all pausing spending on the social media platform amid concerns about antisemitic...
...Like other US studios, Warner Bros Discovery is facing the rapid decline of the linear television networks that generate most of its cash flow....
...Bros, and John Malone, the cable billionaire and Warner board member....
...Licht had been handpicked by Warner Bros Discovery chief executive David Zaslav to steer CNN after the departure of its longtime chief Jeff Zucker....
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