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...“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...
...It has interesting assets, such as the Paramount film studio and sports rights on its CBS network....
...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....
...networks....
...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....
...Bundling digital services could help to solve that problem. Offering packages of TV services is not a novel concept....
...Warner Bros Discovery had 96mn streaming subscribers at the end of June, while HBO received 125 Emmy award nominations this year, more than any other network....
...David Zaslav, the chief executive of Warner Brothers Discovery, said on Thursday that the US media company was “in the business of storytelling”....
...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...
...Paramount has the highest net debt-to-ebitda ratio among its peers, which include Warner Bros Discovery, Disney, Comcast and Netflix, Yoon notes....
...Whenever questions about CNN’s declining ratings have come up over the past year, Warner Bros Discovery chief executive David Zaslav has urged patience....
...Thompson, who started out as an editorial trainee at the BBC more than four decades ago, will lead CNN’s business and also act as “editor-in-chief” for the news network, parent company Warner Bros Discovery...
...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...
...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....
...Zaslav, chief executive of Warner Bros, and John Malone, the cable billionaire and Warner board member....
...Warner Bros Discovery, the Hollywood conglomerate that owns CNN, HBO and other media and entertainment businesses, has been searching for a leader for the news channel since ousting Chris Licht in June....
...TV networks....
...Licht had been handpicked by Warner Bros Discovery chief executive David Zaslav to steer CNN after the departure of its longtime chief Jeff Zucker....
...Before that big step, ESPN is also launching a sports streaming joint venture with Fox and Warner Bros this autumn....
...Like other US studios, Warner Bros Discovery is facing the rapid decline of the linear television networks that generate most of its cash flow....
...The problem is this is a crowded space, with rivals including Disney, Paramount, NBCUniversal and Warner Bros. Discovery is set to do the same thing. A good TV series rarely spawns a superior sequel....
...The recent hiring of respected news veteran Mark Thompson to lead the network suggests that Warner chief David Zaslav is invested in keeping the network, at least for now....
...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....
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