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.
Warner Bros Discovery and its sports division, Turner Broadcasting System, filed a lawsuit on Friday against the National Basketball Association in New York over the league's rejection of its matching bid for media rights.
It's unclear if merger deregulation will jumpstart consolidation among larger media companies. In the last five years, every large media merger has led to tens of billions in lost value for shareholders.
The NBA said Wednesday that it is not accepting Warner Bros. Discovery's $1.8 billion per year offer to continue its longtime relationship with the league and therefore has entered into a deal with Amazon Prime Video, a move that would mean this coming season would end a nearly four-decade run of games being on TNT.
The NBA on Wednesday rejected an offer from Warner's TNT sports division — ending four decades of partnership.
Warner Bros. Discovery (NASDAQ: WBD ) stock is taking a beating on Thursday after the NBA rejected a deal to continue its rights agreement with the media company.