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...“At this point, the majority of heavy lifting (related to restructuring charges etc) has been completed,” said Bank of America analyst Jessica Ehrlich....
...Max launched in the US in May 2023 in an attempt to challenge Netflix, Disney and Amazon in the streaming market, and in Latin America and the Caribbean earlier this year....
...But subscriptions outside of North America grew over the same period, and the business unit that contains the streaming services was profitable for the year....
...That dwarfs its second-largest publicly traded investment: Bank of America....
...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...
...On January 10 2000, Levin and America Online chair Steve Case agreed a $165bn merger....
...CNN journalists were furious, but Licht defended the decision, saying that “America was served very well by what we did”....
...After so many years mythologising America, his old studio would release Superman three months later; a monster hit whose influence on Warner Bros and movies in general would eventually outstrip even Star...
...Licht had been handpicked by Warner Bros Discovery chief executive David Zaslav to steer CNN after the departure of its longtime chief Jeff Zucker....
...The Writers Guild of America reached a deal with the studios in September after five months, but the SAG-AFTRA union representing actors is still on strike....
...CNN staffers were furious, but Licht insisted “America was served very well by what we did”....
...Fox has fared better recently than peers such as Disney and Warner Bros, whose shares have halved since their coronavirus pandemic peaks....
...Then he landed a coveted spot on a television writers’ programme at Warner Bros, which led to a writing job on an HBO show....
...The Writers Guild of America downed pencils on May 2, delaying or cancelling a swath of films and shows....
...This could be especially helpful for entertainment groups carrying heavy debt loads, such as Warner Bros Discovery and Paramount....
...Yayoi Kusama has “gone from being a global phenomenon to a household name” thanks to her recent collaborations with Louis Vuitton, says Jean-Paul Engelen, president of the Americas at Phillips auction house...
...Warner Bros Discovery shares have already lost 42 per cent this year. Still, that looks better than Netflix, the worst performer among the group in 2022....
...For Warner Bros Discovery and Disney the conditions could hardly be less forgiving as both companies battle for their platforms to break even by 2024....
...Warner Bros is releasing only seven movies this year, its smallest slate in memory, with a return to more normal levels of about 17 next year....
...’s going to be a lot of restructuring, a lot of heavy lifting to be done, which isn’t going to be comfortable for anybody there, but it has to be done,” said Jessica Reif Ehrlich, an analyst at Bank of America...
...Both are Warner Bros films. “The Oscar bounce is alive and well,” Dergarabedian said....
...Bank of America cautioned that streaming has “very quickly become a commoditised product”....
...Such “day and date” releases, also championed by Warner Bros, remain highly contentious in Hollywood and among cinema owners....
...In May, the auctioneer will offer $250mn of works from the late New York arts patron Anne Bass, and now comes news that, in October, it will start to sell the Ann and Gordon Getty collection....
...Schwab was formerly president for the Americas region at Aston Martin — the first woman to hold the post — and before that an executive at Jaguar Land Rover....
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