#AT&T takes .5B charge on struggling DirecTV business

#AT&T takes $15.5B charge on struggling DirecTV business

“#AT&T takes $15.5B charge on struggling DirecTV business” AT&T logged a hefty $15.5 billion charge on its flailing DirecTV unit, which has been pummeled by cord-cutting even as the company’s new streaming service HBO Max continues to grow. The telecom giant said Wednesday that the writedown spurred a fourth-quarter loss as the firm signaled it…

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#How Stan Cornyn turned Warner Bros. into rock’s hottest label

#How Stan Cornyn turned Warner Bros. into rock’s hottest label

“#How Stan Cornyn turned Warner Bros. into rock’s hottest label” The headline was brutally honest, reading: “How We Lost $35,509 on the ‘album of the year’ (dammit).”  The advertisement described how Warner Bros. Records had poured a huge amount of money into promoting young artist Van Dyke Parks and his avant-garde album “Song Cycle,” which…

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#Godzilla and King Kong will fight it out two months earlier

#Godzilla and King Kong will fight it out two months earlier

“#Godzilla and King Kong will fight it out two months earlier” Godzilla and King Kong seem very eager to settle their longstanding grudge. Warner Bros. says its “Godzilla vs. Kong” mega-monster mash-up will be released March 26, two months ahead of schedule. The flick will premiere simultaneously in theaters and on the streaming service HBO…

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#Wonder Woman 1984 smashes COVID-19 box office record

#Wonder Woman 1984 smashes COVID-19 box office record

“#Wonder Woman 1984 smashes COVID-19 box office record” “Wonder Woman” is a knockout at the box office. Released on Christmas Day, “Wonder Woman 1984” was the highest box office opening of the pandemic, hauling in $16.7 million in ticket sales in the US and $36.1 million globally, according to Warner Bros. The sequel to the…

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#Roku stock jumps after inking deal to carry HBO Max

#Roku stock jumps after inking deal to carry HBO Max

“#Roku stock jumps after inking deal to carry HBO Max” Shares of Roku rose nearly 7 percent in early-day trading Thursday after the biggest US streaming TV provider agreed to carry AT&T’s new streaming service, HBO Max. The deal puts an end to a long impasse that kept the video service from reaching a larger…

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