Tag: $Warner Bros Discovery Inc

Warner Bros. Discovery agreed to end its quest to own a package of live National Basketball Association games in the U.S. for the 2025-26 season and beyond, settling all of its legal disputes with the league.

Warner Bros Discovery posted a surprise third-quarter profit on Thursday as the Paris Olympics powered streaming subscriber growth and cable revenue, making up for a lack of major box office hits from its studio.

Warner Bros. Discovery stock popped after the entertainment company announced a multiyear distribution agreement with Charter Communications on Thursday.

Warner Bros. Discovery’s stock dropped Wednesday after it reported a $9.1 billion write-down on its TV networks and missed analyst estimates on revenue.

Warner Bros. Discovery notified the NBA on Monday that it will pay roughly $1.8 billion per year to match an offer from Amazon to carry a package of the league’s games, setting up a last-second buzzer-beating attempt by TNT’s parent company to retain the broadcast rights to the games.

Warner Bros Discovery has discussed a dramatic plan to split its digital streaming and studio businesses from its legacy television networks as the US media giant behind CNN and HBO weighs options for boosting its sagging share price.

Warner Bros. Discovery reported first-quarter results on Thursday, missing analyst expectations on both the top and bottom lines despite strength in its streaming unit.

Warner Bros Discovery reported a bigger-than-expected quarterly loss on Friday, as the media conglomerate battled the fallout of the twin Hollywood strikes on content generation and a weak advertising market.

Dec 4 (Reuters) – Verizon Communications said on Monday it would offer streaming subscriptions to Netflix  and Warner Bros Discovery-owned Max platforms as a bundle to its customers.

Warner Bros. Discovery  reported a wider-than-expected third-quarter loss, and a decline in television revenue amid Hollywood strikes and a difficult advertising market.

Warner Bros Discovery (WBD.O) on Tuesday lowered its annual core profit forecast, as it expects the hit from the Hollywood actors and writers strikes to drag until the end of the year.

Warner Bros. Discovery reported second-quarter results Thursday that fell below Wall Street expectations across the board.

“Barbenheimer” exploded over the weekend, generating an estimated $235.5 million in ticket sales and reinvigorating the domestic box office.

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