Warner Bros Discovery has reported financial results for the quarter ended September 30th 2022. David Zaslav, President and Chief Executive Officer of Warner Bros Discovery, commented: “At Warner Bros Discovery, we have one of the strongest portfolio of assets and IP across sports, news, and entertainment, and the best leadership team in media executing against the […]
Warner Bros Discovery has revealed further details about its plan to combine SVoD services HBO Max and Discovery+ into one offering. Speaking during the company’s Q2 analyst call, executives said a merged version of the two SVoD services would begin to roll out in the US in the summer of 2023 and expand to other […]
Warner Bros Discovery has reported results for the quarter ended March 31st 2022. The results cdo not include Q1 performance for the WarnerMedia business, which was acquired on April 8th. David Zaslav, President and Chief Executive Officer of Warner Bros Discovery, commented: “With Warner Bros Discovery, we are creating a pure-play media company with diversified […]
Discovery and AT&T have closed their transaction to combine the WarnerMedia business with Discovery. The new entity, Warner Bros Discovery, will begin trading on the Nasdaq with the start of trading on April 11th, under the new ticker symbol ‘WBD’. Warner Bros Discovery will create and distribute the world’s most differentiated and complete portfolio of […]
Discovery has announced the future executive leadership team for Warner Bros Discovery, ahead of the close of the company’s transaction to combine its non-fiction and international entertainment and sports businesses with WarnerMedia’s premium entertainment, sports and news assets. David Zaslav, the future CEO of Warner Bros Discovery, commented: “We are so excited to bring the […]
Discovery has announced the full slate of director designees for the combined company, Warner Bros Discovery (WBD). The directors will be elected and begin serving on the WBD Board effective at the closing of the proposed combination of Discovery and WarnerMedia, which is expected to occur early in the second quarter of 2022. “I look […]
Discovery has announced its plans to appoint Chris Licht as the new chairman and chief executive officer of CNN Global. The appointment will be effective following the completion of Discovery’s acquisition of WarnerMedia, expected in early Q2. Licht has spent more than 20 years in broadcast news and currently serves as executive vice president of […]
Discovery has reported financial results for the quarter and year ended December 31st 2021. David Zaslav, President and Chief Executive Officer of Discovery, said: “2021 was by all measures an exceptional year for our company, in which we achieved significant operational, financial, and strategic objectives. We grew our global DTC paying subscribers to 22 million, […]
US multiplay telco AT&T has confirmed that its board of directors has determined to spin off AT&T’s interest in WarnerMedia in connection with the previously-announced transaction with Discovery. The transaction, which will spin off 100 per cent of AT&T’s interest in WarnerMedia to AT&T’s existing shareholders in a pro rata distribution, followed by the merger […]
The European Commission (EC) has granted unconditional antitrust clearance of Discovery’s proposed acquisition of AT&T’s WarnerMedia business. “Approval from the European Commission is a key milestone toward completing our proposed transaction with AT&T,” said David Zaslav, President and Chief Executive Officer of Discovery, and the future CEO of the combined company. “Today we move one […]