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...One person with knowledge of its strategy said the company was deciding how to commercialise the technology....
...The deal comes as Warner and the other major labels, who combined control two-thirds of the music market, have been buying up independent record companies....
...BMG is the world’s fourth-largest music label — but lags far behind the top three “majors”, Universal, Sony and Warner. The company earned revenues of €905mn in 2023, up 4.5 per cent year on year....
...Warner Bros and Liberty acquired the company in 2014 for £550mn. The deal could enter exclusive negotiations before Christmas, one of these people added....
...The company makes about four-fifths of its sales in the US, where the market is highly competitive....
...A bidding war has emerged for French digital music company Believe after Warner Music Group said it planned to make an offer to buy the company for at least 17 euros a share, more than a recent proposal...
...Warner....
...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’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....
...Like them, the new sports streaming companies hope that there is safety in numbers....
...The league’s current arrangement with Disney’s ESPN and Warner’s TNT allows for some games to be aired on ABC, Disney’s free-to-air broadcast network, and last autumn Warner began experimenting with simulcasting...
...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....
...Like other legacy entertainment companies, Warner is facing a sharp decline in its traditional television business....
...Warner and Paramount had stock market capitalisations of $28bn and $10bn respectively at the close of trading yesterday but both companies’ shares fell in after-market trading....
...Warner and Paramount had stock market capitalisations of $28bn and $10bn respectively, as of Wednesday. Both companies have significant debt loads, however....
...“Geopolitical friction and complexity are at an all-new level,” says Anne Madden, general counsel at technology and engineering company Honeywell....
...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...
...It also does not have the burden of legacy cable television networks that Paramount, Disney, Warner Bros and Universal do....
...However, GSK’s general counsel James Ford points out that the remaining part of the company also needed a reinvention....
...An EV/sales multiple comparison paints the offer less generously, at about 1.4 times versus 4.5 times for UMG and 3.4 times for Warner Music....
...David Zaslav, the chief executive of Warner Brothers Discovery, said on Thursday that the US media company was “in the business of storytelling”....
...Leading the venture is Leslie Lieberman, an executive who got his start at former investment bank Drexel Burnham Lambert, worked on mergers and acquisitions at Kidder Peabody and bought banks in the wake...
...RedBird IMI has agreed to acquire All3Media, the London-based TV and film production company behind Fleabag and Squid Game: The Challenge, from Warner Bros Discovery and Liberty Global for £1.15bn....
...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 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....
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