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Warner Bros. Discovery CFO: Hollywood Went “Overboard” With Streaming “Spending Frenzy” If 2022 was a year of restructuring for Warner Bros. Discovery, then 2023 “will be a year of relaunching and building,” WBD CFO Gunnar Weidenfels said Thursday morning. Speaking at a Citibank conference, the executive also signaled that the company’s moves in the content…
Hollywood Stocks Fall Sharply in 2022 Amid Ad Challenges, Focus On Streaming Profits Netflix’s stock may have been immune to the coronavirus pandemic and rose even during the volatile 2021, but it couldn’t escape seeing its own shares, and most other Hollywood stocks, being brought down to Earth in 2022. The streamer ended trading on…
“Anchor Ana Cabrera bids emotional farewell to struggling CNN” CNN anchor Ana Cabrera hinted she won’t be off the air for long while bidding an emotional farewell to her struggling network. “It’s hard to say goodbye to this place and the people here who mean so much to me,” Cabrera said on her 1 p.m….
“Ana Cabrera exits CNN, expected to land at MSNBC” CNN daytime anchor Ana Cabrera will flee the cost-cutting network for a role at rival MSNBC, two people familiar with the situation told The Post. The anchor, who currently hosts CNN’s 1 p.m. hour, confirmed Thursday that she is leaving the Warner Bros. Discovery-owned network, which…
“Henry Cavill claims he’s been fired as Superman by new DC bosses” In the latest shakeup from Warner Bros., Henry Cavill will not reprise his role as Superman after all. The 39-year-old actor penned a letter to fans and posted it to Instagram on Wednesday night. “I have just had a meeting with James Gunn…
Warner Bros. Discovery to Take Additional $800M In Content and Development Writeoffs Warner Bros. Discovery is taking a bigger writeoff on content and development than it initially anticipated. In a securities filing Wednesday, WBD said that it now expects to take writeoffs and impairments related to content and development costs of $2.8 billion-$3.5 billion, up…
“‘Dirty Jobs’ is ‘people getting to know each other’: Mike Rowe” “Dirty Jobs” has been airing continuously for nearly 20 years now — and series host Mike Rowe said there’s a reason for its longevity. “There’s some comfort to it, some certainty,” Rowe, 60, told The Post. “You’re not going to see a ‘Very Special…
“Plans for Patty Jenkins’ sequel revealed” Patty Jenkins’ “Wonder Woman 3” is the latest Warner Bros. DC Studios project to be scrapped, according to a new report. Sources allegedly told The Hollywood Reporter on Wednesday that new DC movies bosses James Gunn and Peter Safran, as well as Warner Bros. Pictures bigshots, rejected Jenkins’ script, co-written with Geoff…
Warner Bros. Discovery Promotes David Decker to Oversee Content Sales Warner Bros. Discovery has promoted David Decker to oversee content sales as the role’s existing executive, Jim Wuthrich, is set to step down at the end of the year, the company said on Thursday. Decker will be responsible for the North American licensing and distribution…
“CNN begins slashing workers as Chris Licht cuts costs: report” CNN began a long-expected round of layoffs on Wednesday as president Chris Licht and other executives at WarnerBros. Discovery trim costs at the struggling cable news network. Licht informed CNN employees of the cuts in a memo and acknowledged “it will be a difficult time…