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 […]

Studio giants Warner Bros Discovery (WBD) and Paramount Global are in early merger talks according to reports. A resultant deal would create a company with a market value of some $38bn (€34.7bn). It is understood that WBD President & CEO David Zaslav and Paramount CEO Bob Bakish discussed a possible deal over lunch in New […]

Warner Bros Discovery (WBD) has reported financial results for the quarter ended September 30th 2023. David Zaslav, President and Chief Executive Officer of WBD, commented: “I am very pleased with the strong financial results that our company delivered in Q3, underscored by 22 per cent growth in Adjusted EBITDA and over $2 billion (€1.87bn) in […]

Confirming recent reports, Mark Thompson has been appointed Chairman and CEO of CNN Worldwide. He will report to David Zaslav, chief executive officer, Warner Bros Discovery, starting in October. In his new role, Thompson will lead CNN’s strategy, operations and business units, including its global portfolio of networks, channels and programming across broadcast, streaming and […]

Warner Bros Discovery (WBD) has reported financial results for the quarter ended June 30th. David Zaslav, President and Chief Executive Officer of WBD, commented: “The important work we are doing to transform our businesses for the future continues to drive our strong financial performance as demonstrated by meaningful improvements to our balance sheet and our […]

Chris Licht, CEO of CNN, is out at the news network. The NYT reports he met with WBD chief David Zaslav, who then told staff that Licht was departing immediately. Licht had been handpicked a year ago by Zaslav to steer CNN after the departure of its long-time chief Jeff Zucker. However Licht’s tenure was […]

Back at the true beginning of the multichannel era there was MTV, and then there was CNN. CNN’s founder Ted Turner, on the news network’s first day of transmissions in 1980, said that barring satellite problems “we won’t be signing off until the world ends”. He added that the channel would then play the old […]