Warner Bros Discovery (WBD) has announced a new corporate structure which it says is “designed to enhance its strategic flexibility and create potential opportunities to unlock additional shareholder value”. Under this new corporate structure, Warner Bros. Discovery will serve as the parent company for two operating divisions: Global Linear Networks: A linear television business that […]

Warner Bros Discovery (WBD) has announced that Kathleen Finch, Chairman and CEO of US Networks, has decided to retire after 25 years witn the company. Upon Finch’s retirement at the end of the year, the US Networks business will be led by Channing Dungey, Warner Bros Television Group Chairman and CEO. “There is no one […]

Warner Bros Discovery (WBD) has announced that Robert Gibbs has been appointed Chief Communications and Public Affairs Officer. In this newly created role, he will oversee WBD’s corporate and business communications as well as public affairs. An experienced and proven communications and public policy leader, Gibbs will officially assume the role on August 5th and […]

Warner Bros Discovery (WBD) has reported results for the quarter ended March 31st. Q1 total revenues were $9.95 billion (€9.27bn). Revenues decreased 7 per cent ex-FX compared to the prior year quarter. Global streaming subscribers were at 99.6 million at the end of Q1, up 2 million on Q4. David Zaslav, President and Chief Executive […]

The Paramount logo is a mountain with a coronet of stars. Its sale still has a mountain to climb and the final outcome – pre-deal or post – is likely to be the current contenders, and others, picking and choosing between those star divisions of the business. When the movie (low budget straight to streaming) […]

David Zaslav, chief executive of Warner Bros Discovery (WBD), made $49.7 million (€46.6m) last year, 26 per cent up on the previous year, according to filings with the Securities and Exchange Commission. Losses at WBD totalled $3 billion in 2023, an improvement from $7 billion in losses the year before. Revenue fell 4 per cent. […]

Warner Bros Discovery (WBD) has announced that Steven Miron and Steven Newhouse, both independent directors, have resigned from WBD’s Board of Directors, effective immediately. Miron and Newhouse resigned after the US Department of Justice informed them that it was investigating whether their service on the Board of Directors violated Section 8 of the Clayton Antitrust […]

Warner Bros Discovery (WBD) has reported financial results for the quarter and year ended December 31st 2023. Total Q4 revenues were $10.28 billion (€9.4bn). Revenues decreased 7 per cent ex-FX compared to the prior year quarter. Global DTC subscribers were 97.7 million at the end of Q4, which included 1.3 million subscribers from the acquisition […]

Italy is a strategic market for Warner Bros Discovery (WBD), and CEO David Zaslav plans to increase investments there. Speaking at a Milan Town Hall for employees, Zaslav praised the creativity of the Italian team and highlighted their success in generating revenue and diversifying income streams. He said that WBD will invest in both linear […]

Skydance Media CEO, David Ellison, is reportedly considering an all-cash bid for National Amusements, parent company of Paramount Global. Skydance’s existing investors, including The Ellison family (Oracle), RedBird Capital Partners, and Tencent. The intention would be a merger between Paramount Global and Skydance, known for films such as Top Gun: Maverick (pictured), Terminator: Dark Fate […]