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Netflix has been on the receiving end of much of the vitriol surrounding the strike, primarily from writers who say the economics of the streaming era have eroded their working conditions and hurt their overall compensation. The company already contended with angry shareholders last month, when they voted to reject lucrative pay packages for the company’s top executives. A rosy earnings report could certainly inflame those on the picket lines. Obviously, I will ask them about the strikes, but they have other things going on, like password sharing, which has nothing to do with the strike. I just don’t know how carefully worded or guarded they will be because of the potential reaction by the guilds.”The company has already seen some benefits from the strike.
Persons: , Jessica Reif Ehrlich Organizations: Netflix, Bank of America, HBO, Brothers, ” Netflix, Consumers, Locations: WarnerMedia, United States, United Kingdom
Timeline: CNN’s 18 Months of Tumult
  + stars: | 2023-06-07 | by ( Gregory Schmidt | ) www.nytimes.com   time to read: +1 min
CNN has endured nearly two years of turmoil as the cable news network has struggled to overcome national scandals, abrupt departures, plummeting ratings and declining profits. The tumult culminated this week with the sudden exit of CNN’s top boss, Chris Licht, whose rocky 13-month run as the leader of CNN came to an end after a string of controversies. He was appointed chief executive and chairman of CNN in February 2022, succeeding Jeff Zucker, who had resigned weeks earlier. Here’s a timeline of 18 months of turmoil at CNN that led up to his ouster. CNN fired Chris Cuomo, a star anchor, on Dec. 4, 2021, over his involvement in the political affairs of his brother, former Gov.
Persons: Chris Licht, Jeff Zucker, . Licht, Licht, Chris Cuomo, Andrew M, Cuomo Organizations: CNN Locations: New York
Discovery CEO David Zaslav emailed staff, letting them know Licht was stepping down. On the programming side, Licht launched "CNN This Morning," with anchors Don Lemon, Poppy Harlow, and Kaitlan Collins. "It's another shit show" on top of Licht's multiplying challenges at CNN, one former employee told Insider at the time. "Having people applaud those sexual abuse comments definitely made me question my allegiance to this network," one network executive told Insider. CNN's own media reporter Oliver Darcy said Licht had "lost the room," adding that dozens of CNN staffers no longer had confidence in their leader.
Persons: Chris Licht, David Zaslav, Licht, Zaslav, He'd, Jeff Zucker, Stephen Colbert's, Joe, Licht's, WBD, , Brian Stelter, John Harwood, Don Lemon, Poppy Harlow, Kaitlan Collins, Chris Cuomo, Nikki Haley, isn't, Lemon, Gayle King, Charles Barkley, Dana Bash —, Donald Trump, Trump, CNN's Collins, Zucker, Insider's Nich Carlson, Zaslav's, Puck's Dylan Byers, he'd, CNN's, Oliver Darcy, Anderson Cooper, Jake Tapper, Max Tani Organizations: CNN, Warner Bros, Discovery, Licht, CBS, Trump, House, Republican Party, — CNN, AP, Variety, cnn Locations: Trump
Chris Licht's exit as CEO of CNN gives Warner Bros. Jeff Zucker, whose title was president, led CNN successfully — if not without controversy — for nine years. The CEO title didn't empower Licht, who was seen as executing Zaslav's vision, not his own. Without a CEO title. If Zaslav anoints a Licht replacement without the CEO title, even if the functions of the job don't change much, media observers will see it as a less lofty role.
Persons: Chris Licht's, Jeff Zucker, Licht, WBD, David Zaslav, that's, — Zucker, Zaslav, Zucker, David Leavy, should've, Organizations: CNN, Warner Bros, CNN Worldwide, WarnerMedia News, Sports, Trump, Street Journal
Jeff Zucker compared his firing from CNN to a gunshot wound, according to a New York Times report. Jeff Zucker compared his firing from CNN to a gunshot wound, according to a New York Times report — in part a self-inflicted one. "I gave them a gun, and they shot me with it," Zucker reportedly said. Zucker was an immensely popular leader at CNN, and his firing was a staggering shock to its newsroom and the media industry. Licht and Zucker met a few months after Zucker's firing, over a lunch in the Hamptons arranged by other media stakeholders, the Times reported.
Persons: Jeff Zucker, Zucker, Chris Licht, Allison Gollust, Tim Alberta, Gollust, Andrew Cuomo, Risa Heller, Heller, Zucker's, David Zaslav, Laurene Powell Jobs, Emerson, WBD, Licht, Don Lemon, Donald Trump, Zaslav, David Leavy Organizations: CNN, New York Times, Yale University, Times, Atlantic, WarnerMedia, Warner Bros, Discovery, Hamptons Locations: WarnerMedia, New York
Goldman Sachs released its list of high conviction stocks — with a new twist. What makes this list unique from the typical top picks list is that members of Goldman's Investment Review Committee were the ones choosing the names, adding a second layer of analysis. Take a look at some of the names that made the list, and where Goldman sees them going forward. Goldman expects shares to have 42% upside over the next 12 months. The tech giant's scale, platform breadth, category diversification and end-market exposure will further fuel its upside opportunity in the years ahead, according to Sheridan.
Persons: Goldman Sachs, Steven Kron, Goldman, Kate McShane, Chris Shibutani, Eric Sheridan, Brett Feldman, Max —, — CNBC's Michael Bloom Organizations: Goldman's Investment, Pharmaceutical, Merck, Goldman, Amazon, Services, Warner Bros, HBO Max Locations: Sheridan, WarnerMedia
Discovery just laid off dozens of people across its sports division. WBD Sports has the rights to NBA, NHL, and MLB, plus streaming services and brands like Bleacher Report. Discovery isn't done with cuts after all — the media giant laid off dozens in its sports division on May 16. WBD CEO David Zaslav and other company leaders have been drumming the message that 2023 is a "rebuilding" year after the massive layoffs and cost cuts that followed the completion of the WarnerMedia and Discovery merger in spring 2022. Between layoffs and open positions that were not filled, the total cuts at WBD Sports represented about 10% of its workforce.
Discovery ad sales chief Jon Steinlauf has a strategy to grab market share at the TV upfronts. WBD left money on the table at the 2022 upfront, Steinlauf said, and faces a soft 2023 ad market. Discovery's pitch to advertisers was all about the breadth of its newly merged portfolio of news, sports, and lifestyle entertainment. When it comes to WBD's Premiere package of top ad inventory, for example, ad sales chief Jon Steinlauf emphasized how advertisers could customize the mix of programming to meet their wants. Discovery debuted at an inopportune time, just a few weeks ahead of the biggest TV sales event of the year.
Warner Bros. One year after Discovery acquired WarnerMedia, WBD CEO David Zaslav faces economic headwinds and an ad slump. Insider mapped out the 112 most powerful people under Zaslav leading WBD film and TV studios, HBO, CNN, and more. One year after the merger that created Warner Bros. While Kathleen Finch has joined the mix with her portfolio of Discovery channels, top TV execs from the WarnerMedia regime — HBO's Casey Bloys and Warner Bros. TV studios chief Channing Dungey — are still in place.
Discovery's Jon Steinlauf is working to help the company rebuild amid a soft ad market. The task of grabbing a greater share of that ad market falls to chief US advertising sales officer Jon Steinlauf. He'd led its ad sales since 2018, having joined Discovery through its acquisition of Scripps Networks. He also has Warner experience, having served as VP of ad sales for Turner Broadcasting's TBS and TNT networks in the '90s. And it shared with Insider that four of Steinlauf's eight direct reports are women and that 56% of the ad sales leadership team are women.
Discovery ad sales chief Jon Steinlauf shared plans to grab market share at the TV upfront. WBD left money on the table at the 2022 upfront and faces a soft ad market. When it comes to WBD's Premiere package of top ad inventory, for example, ad sales chief Jon Steinlauf emphasized how advertisers could customize the mix of programming to meet their wants. Discovery debuted at an inopportune time, just a few weeks ahead of the biggest TV sales event of the year. WBD dove into its 2022 TV upfront negotiations without the benefit of time to share information across its predecessor companies, causing some blowback among top advertisers.
Discovery's Jon Steinlauf is helping the company rebuild but faces a soft ad market. The task of grabbing a greater share of that ad market falls to chief US advertising sales officer Jon Steinlauf. He'd led its ad sales since 2018, having joined Discovery through its acquisition of Scripps Networks. He also has Warner experience, having served as VP of ad sales for Turner Broadcasting's TBS and TNT networks in the '90s. And it shared with Insider that four of Steinlauf's eight direct reports are women and that 56% of the ad sales leadership team are women.
Wednesday's 70-minute town hall with Trump, moderated by anchor Kaitlan Collins, was CNN's first big opportunity since the change of ownership to showcase itself as a network of facts. Trump has a history of peddling election fraud lies — an example of saying it's raining when it's not. At one point, bothered by Collins' consistent attempt to tether Trump to the truth, Trump called Collins "a nasty person." "If I see election fraud, I think I have an obligation to say it," Trump said. In other words, Trump said he'd suspend talk about the 2020 election fraud and then, seconds later, spoke about 2020 election fraud.
[1/2] The exterior of the Warner Bros. Warner Bros Discovery reported a per-share loss of 44 cents, while analysts had expected a profit of 1 cent, according to Refinitiv data. Warner Bros Discovery's new streaming service, christened "Max," is set to launch on May 23, combining HBO Max's scripted entertainment with Discovery's reality shows. Warner Bros Discovery reported revenue of $10.70 billion for the first three months of 2023, compared with analysts' estimates of $10.78 billion, according to Refinitiv data. The Warner Bros studio segment missed on its revenue forecasts, as its big March release "Shazam!
Shell announced he was departing the company immediately Sunday after admitting to an inappropriate relationship with an NBCUniversal employee. DiscoveryThe elephant in the room with NBCUniversal is the frequent speculation in media circles that a merger with Warner Bros. Warner Bros. Warner Bros. Warner Bros.
Discovery decided to remove HBO from the name of its flagship Max streaming service to protect the HBO brand from becoming ... Netflix. "HBO is HBO. In a not-so-subtle shot at Netflix, HBO CEO Casey Bloys touted Max by highlighting its brand strength. Under the ownership of AT&T, then-WarnerMedia CEO (and now AT&T CEO) John Stankey appeared comfortable leaning on the HBO brand to challenge Netflix. This was the driving force behind making HBO Max — combining HBO's programming with other original content and library programming from the WarnerMedia catalog.
Warner Bros. CEO David Zaslav is focused on rebuilding but faces economic headwinds and an advertising slump. Insider mapped out the 112 most powerful people under Zaslav leading WBD film and TV studios, HBO, CNN, and more. One year after the merger that created Warner Bros. While Kathleen Finch has joined the mix with her portfolio of Discovery channels, top TV execs from the WarnerMedia regime — HBO's Casey Bloys and Warner Bros. TV studios chief Channing Dungey — are still in place.
Warner Bros. Discovery unveiled its new streaming service Wednesday, featuring a combination of programming from HBO Max and Discovery+. Discovery logo is displayed on a smartphone screen and in the background, the HBO Max and Discovery Plus logos. Those who want HBO already know where to find it, and HBO Max will simply morph into Max on most platforms. Warner Bros.
In effect, WBD announced that it is recreating the bundle, erecting the pillars of a one-stop shop for scripted and unscripted television, movies, news and sports at a flat monthly rate. Insider Intelligence analyst Paul Verna noted to me that the WBD competitor has “resisted the temptation” to combine Disney+, Hulu, and ESPN+. Instead, Verna observed that Disney is “leaning into each brand’s core strength,” though Disney does offer the ability to purchase the individual services in a bundle. But it goes without saying that Max — the product of the merger between WarnerMedia and Discovery — represents the future for WBD, which has been entrenched in the declining traditional TV business. The Max service launches May 23.
April 12 - Warner Bros Discovery Inc(WBD.O) said on Wednesday it will launch on May 23 its long-awaited new streaming service, christened "Max", which combines HBO Max's scripted entertainment with Discovery's reality shows. The opportunity to better capitalize on the streaming video revolution was one of the justifications for the merger of Discovery and WarnerMedia in 2022. "We are not trying to win the direct-to-consumer spending war," Zaslav assured investors, shortly after the merger was finalized. Zaslav repudiated his predecessor's COVID-19 era strategy of releasing new movies simultaneously in theaters and in the home, via HBO Max. Instead, Warner Bros films would enjoy a traditional theatrical release, and reap box office proceeds, before becoming available on the streaming service.
Warner Bros Discovery eliminated "HBO" from the name of the streaming service, which for some viewers connotes bespoke series but repels others. He repudiated his predecessor's COVID-19 era strategy of releasing new movies simultaneously in theaters and in the home, via HBO Max. Instead, Warner Bros films would enjoy a traditional theatrical release and reap box office proceeds before becoming available on the streaming service. It licensed some of these shows to other streaming services, as Warner Bros Discovery looked for new ways to monetize its film and television libraries. Like other media companies, Warner Bros Discovery has yet to turn a profit on its HBO Max and Discovery+ streaming services, though the company has reduced losses from them.
Warner Bros. Television is working on a scripted "Harry Potter" TV show. AdvertisementA "Harry Potter" TV show is in the works. AdvertisementThe series will be a 'faithful adaptation of the beloved original Harry Potter books'Rupert Grint, Daniel Radcliffe, and Emma Watson starred in the "Harry Potter" films. J.K. Rowling will serve as an executive producerJ.K. Rowling is the author of the "Harry Potter" book series. The show is eyeing a release in 2026Daniel Radcliffe as Harry in "Harry Potter and the Sorcerer's Stone."
Persons: Harry Potter, , Max, J.K, Rowling, Rupert Grint, Daniel Radcliffe, Emma Watson, Casey Bloys, Evan Agostini, Neil Blair, Ruth Kenley, Letts, David Heyman, Harry, David Zaslav, Zaslav, Channing Dungey, Kirsten Acuna Organizations: Warner Bros . Television, Warner Bros, Discovery, Service, HBO, Max, Business, Twitter, WB, Hollywood Locations: Los Angeles, WarnerMedia
The new service, announced by CEO David Zaslav at a press event Wednesday, will launch May 23 and give consumers access to a large library of programming across Warner Bros. Discovery’s sprawling portfolio: Warner Bros., HBO, HGTV, Food Network, Cartoon Network, TLC and others. The ad-free version will cost $15.99, the price of the company’s existing HBO Max service. Warner Bros. Discovery's forthcoming "Max" streaming service Courtesy of Max“We are a global leader in sports and we are a global leader in news,” Zaslav said. Warner Bros.
Called Max, the app will feature content from HBO Max and Discovery+. Discovery announced the details of its new streaming app on Wednesday, after much anticipation from Hollywood and Madison Avenue. The prices will stay the same for HBO Max subscribers, who will begin to be automatically ported over to the new service. Presenting the entire WBD content catalog on the combined streamer without diluting HBO's prestige factor was another challenge. HBO Max has greater recognition with younger consumers, according to a new Samba TV/HarrisX poll, which could help grow awareness for Discovery+.
Warner Bros. Discovery on Wednesday unveiled its new blended streaming service of HBO Max and Discovery+, called "Max." Warner Bros. Warner Bros. Discovery had more than 96 million global streaming subscribers, from either HBO Max, HBO or Discovery+, at the end of the fourth quarter.
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