Hints and tips:
...Since taking control after combining WarnerMedia with his Discovery last year, Zaslav’s team has been scouring the entertainment group — which spans HBO, the Warner Bros movie studio and CNN — to find places...
...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....
...Warner Bros Discovery, which produced the $190mn film alongside Legendary Entertainment, needs Dune: Part Two to perform well....
...Big entertainment groups including Warner, Paramount and Disney have been on a cost-cutting mission as they try to shrink losses running into the billions of dollars from their video streaming services....
...He had made his start in the entertainment industry in the early 1970s at an obscure, money-losing outpost of the Time Inc empire called Home Box Office....
...Warner Bros Discovery shares fell 19 per cent on Wednesday for their biggest daily drop since March 2021 after the entertainment group warned investors it was “unlikely” to meet its goals for paying off...
...David Zaslav, the chief executive of Warner Brothers Discovery, said on Thursday that the US media company was “in the business of storytelling”....
...Disney, Warner Bros Discovery, Comcast and Paramount — US entertainment conglomerates that have been growing ever larger for decades — are facing pressure to shrink or sell legacy businesses, scale back...
...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....
...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....
...Warner Bros Discovery, one of the largest entertainment studios and the owner of HBO and CNN, has offered more details about planned cost reductions since forming in a $43bn merger of WarnerMedia with Discovery...
...It could have been an oversight, but I doubt it: both Mattel and Barbie’s studio Warner Bros want to please Chinese consumers. Film creativity is not dead, though....
...The other shadow hanging over Warner Bros Discovery is uncertainty about Zaslav’s endgame....
...Nolan later announced that after two decades making Warner Bros movies, his relationship with the studio was over....
...The world’s largest traditional entertainment companies, such as Warner, Disney and Paramount, have been in the midst of an expensive push into online streaming....
...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....
...But the Warner Bros deal shows Asia’s richest man Ambani is aiming to target customers willing to shell out for international entertainment....
...The investment by Warner Bros follows a July agreement it struck with the PTO in July to screen the races live....
...No one expected Barbie to be Warner Bros’ biggest film of all time. No one predicted Oppenheimer’s huge success....
...This could be especially helpful for entertainment groups carrying heavy debt loads, such as Warner Bros Discovery and Paramount....
...A Warner Bros Discovery spokesperson declined to comment....
...Warner Bros Discovery, which aggressively cut costs after the companies were combined in a $40bn merger last year, recently told investors it expected to turn a profit in its streaming business a full year...
...The longtime chief executive of Warner Bros Records made a name for himself through astute signings — among his success stories were Frank Sinatra, Joni Mitchell, the Red Hot Chili Peppers and Madonna....
...But the scale of everything still frightened MGM off and Kubrick went to Warner Bros to make A Clockwork Orange instead, adapted from the novel by Anthony Burgess, who also wrote the brilliantly mischievous...
...An even bigger high-wire act in media is the recently christened Warner Bros Discovery, the result of Discovery’s acquisition of Warner Media from AT&T for $43bn in 2021....
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