Warner Bros. Discovery is taking a hefty non-cash impairment charge, or write-down, of $9 billion at its networks division to align the book value of its linear television business with the reality of uncertain advertising and sports rights renewals as the NBA is set to move on.
Warner Bros Discovery missed Wall Street expectations for quarterly revenue on Wednesday, hurt by a studio slump after its highly anticipated film "Furiosa: A Mad Max Saga" had a weak box-office run.
Warner Bros. Discovery's (WBD) second-quarter results are likely to reflect persistent softness in advertising revenues and subscriber growth in viewership amid cost-cutting measures.
Warner Bros. Discovery is shutting down the Boomerang streaming service and moving some of its programming, which includes many classic cartoon series, onto Max. The kids-and-family move is set for September 30, according to an email to subscribers.
Get a deeper insight into the potential performance of Warner Bros. Discovery (WBD) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
LOS ANGELES — More than 300 videogame performers and Hollywood actors picketed in front of the Warner Bros. Studios building on Thursday to protest against what they call an unwillingness from top gaming companies to protect union voice actors and motion-capture workers equally against the unregulated use of artificial intelligence.
In the closing of the recent trading day, Warner Bros. Discovery (WBD) stood at $8.65, denoting a -1.48% change from the preceding trading day.
Warner Bros. Discovery (WBD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.
Warner Brothers Discovery filed a lawsuit against the NBA on Friday, claiming the US professional basketball league broke a contract by refusing a new media rights deal to accept an offer from Amazon.
Warner Bros. Discovery sued the NBA on Friday for breach of contract after the league said the TNT owner did not match Amazon's $1.8 billion bid for an 11-year distribution rights deal, according to multiple outlets, though Warner Bros.
Warner Bros. Discovery WBD 3.44%increase; green up pointing triangle filed a breach of contract suit Thursday against the NBA, alleging the league violated a media-rights agreement with its TNT cable network by striking a deal with Amazon's Prime Video.
Just hours before the Opening Ceremony is set to kick off in Paris, David Zaslav wants to remind everyone that the Olympics are not the only game in town with an expected lawsuit against the NBA over TV rights. Turner Broadcasting System, Inc. (“TBS”) and Warner Bros. Discovery, Inc.