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Warner Bros. Discovery ended March with 97.6 million global streaming subscribers, compared with around 96.1 million as of the end of 2022 and ahead of estimates, the entertainment conglomerate disclosed in its first-quarter earnings report on Friday. Importantly, its streaming unit swung to a $50 million profit, compared with a loss of $654 in the year-ago period…
What’s one way to drum up anticipation for a streaming service merger? Keep the new name secret. As Warner Bros. Discovery prepares to unveil its refreshed streaming service on April 12, outside partners are still awaiting official word on what exactly the merged HBO Max–Discovery streamer will be named as executives continue to refer to…
Lionsgate, Warner Bros. Discovery and Paramount Global were among the hit Hollywood stocks of the first quarter of 2023, shaking off investor concerns about such industry challenges as record cord-cutting, getting streaming businesses to profitability and economic clouds darkening the advertising outlook, as well as recent stock market volatility due to the collapse of banks….
Warner Bros. Discovery Wins Over Two More Wall Street Analysts for Upgrades Add Wells Fargo and Wolfe Research analysts to the growing list of Wall Street experts who have turned bullish on Warner Bros. Discovery. Last April saw the creation of the merged Warner Bros. Discovery followed by various cost-cutting challenges for the management team…
Warner Bros. Discovery Renews HBO Content Deal With Japan’s U-Next Streaming Service Warner Bros. Discovery has renewed a content output deal with Japanese streamer U-Next. The Tokyo-based service has been the home of HBO programming in Japan since April 2021. The two partners said Tuesday that the relationship has been extended, although financial terms and…
Australia’s Foxtel Inks Multi-Year Deal to Retain Warner Bros. Discovery Content Australian pay-TV group Foxtel will remain the home down under of HBO content after revealing a new multi-year deal Wednesday with Warner Bros. Discovery. The two partners described the agreement as “a multi-year, multi-faceted content and platform agreement,” which will keep HBO’s prestige hits like House…
Warner Bros. Discovery Seeks to Exit Regional Sports Networks Business Warner Bros. Discovery is looking to get out of the regional sports networks business. The media and entertainment giant, which also owns Turner Sports, sent a letter to the sports teams whose games it carries that it does not have the cash to pay upcoming…
‘South Park’ Licensing Deal Sparks Lawsuit From Warner Bros. Discovery Against Paramount Global Warner Bros. Discovery is suing to enforce its exclusive streaming rights to South Park on HBO Max. A lawsuit filed on Friday in New York state court accuses Paramount Global of going back on a $500 million licensing deal reached in 2019…
Warner Bros. Discovery Names Rebecca Rormark Head of Streaming Marketing for EMEA Warner Bros. Discovery has promoted Rebecca Rørmark to the newly created role of senior vp, head of streaming marketing for Europe, Middle East and Africa (EMEA). The company said on Thursday that the Oslo-based executive, who has served as vp, marketing and PR for…
Warner Bros. Discovery Names Former Scripps Networks Boss Kenneth Lowe to Board Warner Bros. Discovery has named former Scripps Networks Interactive boss Kenneth Lowe to its board. His appointment is effective April 2, and he will stand for election by the company’s stockholders at the annual meeting of stockholders later this year. Lowe served as…