The entertainment company will separate its streaming and studios business from its cable channels, including CNN and TNT.
Warner Bros. Discovery plans to split into two public companies by next year.
Zacks.com users have recently been watching Warner Bros. Discovery (WBD) quite a bit.
EXCLUSIVE: Nearly twelve months on from its last round of layoffs, Warner Bros. Discovery is initiating another round of cuts. Deadline understands that the company is set to layoff employees on the cable television side of its business.
Warner Bros. Discovery shareholders don't think CEO David Zaslav has earned a raise.
The board had recommended shareholders to vote in favor of the 2024 executive compensation; however, more than 59% of them rejected the proposal on a non-binding basis.
Warner Bros. Discovery's 5% YTD decline contrasts with streaming momentum.
Warner Bros. Discovery (WBD) has been one of the stocks most watched by Zacks.com users lately.
Warner Bros. Discovery, Inc. (NASDAQ:WBD ) MofafettNathanson 2025 Media, Internet & Communications Conference May 15, 2024 3:10 PM ET Company Participants Gunnar Wiedenfels - Chief Financial Officer Conference Call Participants Robert Fishman - MoffettNathanson Robert Fishman So thank you.
Warner Bros Discovery Inc (NASDAQ:WBD, ETR:J5A) said on Wednesday it will reintroduce the “HBO” brand to its flagship streaming service, renaming Max to HBO Max this summer, in a reversal of a much-criticized rebrand that had left both consumers and industry observers puzzled. The announcement came during the company's annual Upfront presentation in New York, where executives highlighted the strength of WBD's streaming turnaround, citing $3 billion in improved profitability over two years and 22 million new subscribers in the past year.
Warner's decision to drop HBO from HBO Max in 2023 followed its move to merge its HBO dramas and Warner Bros' content across top franchises like "Harry Potter" and DC's "Batman" with the content library from Discovery.
Warner Bros. Discovery is renaming its streaming platform again starting this summer, restoring a name it ditched just two years ago.