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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....
...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 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...
...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....
...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 were on course for their biggest daily drop in a more than a year after the entertainment group warned investors that it was “unlikely” to meet its debt payment goals....
...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...
...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....
...David Zaslav, the chief executive of Warner Brothers Discovery, said on Thursday that the US media company was “in the business of storytelling”....
...It also does not have the burden of legacy cable television networks that Paramount, Disney, Warner Bros and Universal do....
...Warner Bros Discovery: The entertainment group will report its latest quarterly earnings before Wall Street’s opening bell. Investors will be keen for updates on its streaming efforts....
...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...
...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....
...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 deal is a big win for Warner Bros and Liberty, which acquired All3Media in 2014 for £550mn....
...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....
...Before that big step, ESPN is also launching a sports streaming joint venture with Fox and Warner Bros this autumn....
...The new ESPN app will be separate from the new sports streaming service that Disney announced this week along with Fox and Warner Bros, which will aggregate all of the games offered by their traditional...
...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....
...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....
...The other shadow hanging over Warner Bros Discovery is uncertainty about Zaslav’s endgame....
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