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...OpenAI has launched a charm offensive in Hollywood, holding meetings with major studios including Paramount, Universal and Warner Bros Discovery to showcase its video generation technology Sora and allay...
...Warner Bros Discovery reported a 7 per cent drop in revenue and a $1bn quarterly loss as shrinking traditional television audiences weighed on the owner of HBO, CNN and the eponymous movie studio....
...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...
...The group, which owns CNN and the Warner Bros studio, reported revenue of $10.3bn, down 7 per cent from a year ago and just short of the $10.4bn analysts had predicted....
...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 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....
...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...
...Warner Bros Discovery, which produced the $190mn film alongside Legendary Entertainment, needs Dune: Part Two to perform well....
...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....
...Other companies: Warner Bros Discovery, Constellation Energy, Roblox and Hyatt will report earnings before the bell....
...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....
...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....
...Disney’s ESPN, Fox and Warner Bros Discovery plan to launch a new streaming service later this year that will aggregate all of the sports broadcasts offered by their traditional TV networks....
...Disney: Investors will be focused on growth in the company’s streaming business and will be keen to hear updates on its plan to create a sports content venture with Fox and Warner Bros Discovery....
...Disney’s ESPN, Fox and Warner Bros Discovery plan to launch a new sports streaming service later this year that will aggregate all of the games offered by their traditional TV networks....
...David Zaslav, the chief executive of Warner Brothers Discovery, said on Thursday that the US media company was “in the business of storytelling”....
...In a rush to gain market share, Paramount, Warner Bros, and NBCUniversal have poured billions into streaming....
...Warner Bros Discovery managed to significantly narrow losses in its streaming division in the second quarter, in a sign the company remains on track with its goal for the unit to be profitable in 2023....
...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....
...Media is a strong theme for this week’s results, with Disney, Fox, Warner Bros Discovery and (big for the UK) ITV all reporting....
...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....
...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...
...Warner Bros and Liberty acquired the company in 2014 for £550mn. The deal could enter exclusive negotiations before Christmas, one of these people added....
...Zucker, a former CNN boss, said the group would consider looking at the network if it was ever put up for sale by its owner Warner Bros Discovery but that it was “not something that we’ve ever looked at...
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