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Warner Bros. Discovery reported Q2 earnings Thursday that were turbocharged by its studio business, even as its streaming business continued to its growth trajectory, and with linear TV still struggling in a tough environment. The company reported revenue of $9.8 billion, up modestly from the same quarter a year ago, with net income of $1.6…
Warner Bros. Discovery (WBD) will launch its streaming service HBO Max in a dozen countries, mostly in Europe and some in Asia, in July to bring the streamer to a total of around 90 territories and further accelerate its global growth strategy, “as the platform approaches availability in 100 markets.” The Hollywood Reporter has learned…
As cable television continues to experience stagnation, with the trend of cord-cutting growing stronger each year, Warner Bros. Discovery (WBD) is adapting to the evolving media landscape by separating its streaming and cable operations. This landmark decision aims to maximize the potential of both businesses, according to WBD. The company announced Monday its plan to split…
It sounds like Discoveryco. may be a reality. Warner Bros. Discovery is “moving towards…a split,” CNBC’s David Faber reported on Thursday, in a news update that broke right after the company’s quarterly earnings results and call with Wall Street analysts. Faber added, “and it’s become relatively clear to me from the many conversations that I’ve…
Warner Bros. Discovery‘s rebrand of its streaming service BluTV to Max in Turkey is official and live as of today Tuesday, as the Hollywood giant underlined its “commitment to increasing its investment in local content” and “bringing a compelling slate of new local stories” to its streamer in the country. “Existing direct subscribers in Türkiye can sign in…
Warner Bros. Discovery, led by CEO David Zaslav, reported on Thursday that it ended 2024 with 116.9 million global streaming subscribers, compared with 110.5 million as of the end of September. The figures include subs for Max and Discovery+. Streaming subs grew both in the U.S. and in international markets in the fourth quarter. In a…
Warner Bros. Discovery has promoted Ryan Gould and Robert “Bobby” Voltaggio to presidents of U.S. advertising sales. Gould joined the studio in 2012 when Turner Broadcasting bought Bleacher Report, and was most recently head of streaming, digital and advanced advertising sales and client partnerships at WBD since 2023. Voltaggio joined then Discovery in 2005 in ad sales and was…
Venu is dead. The sports-focused streaming service co-founded by The Walt Disney Co, Warner Bros. Discovery and Fox Corp. will not move forward, the companies said Friday. “After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service,” the companies said in a joint statement. “In…
Looking beyond the glitz of Canadian broadcasters rolling out their latest new and returning U.S. series at their recent upfront presentations in Toronto, you’d have seen local networks putting their best foot forward in pitches to local media buyers and agencies. But below the surface, the Canadians are paddling furiously to keep pace in a…
Warner Bros. Discovery CEO David Zaslav saw the value of his 2023 compensation package rise to $49.7 million, compared with $39.3 million in 2022 when the Discovery-WarnerMedia merger had closed. The entertainment conglomerate disclosed latest pay details for its top executives in a regulatory filing. Zaslav’s 2023 pay consisted of a $3 million salary, and more than…