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25 mentions found


☆ WBD is suing the NBA so it can stay in business with the NBA. Yikes.
  + stars: | 2024-07-26 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +3 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Discovery boss David Zaslav told investors he'd be ok without NBA games, which his TNT network had been airing for decades. You can read an excellent blow-by-blow of WBD's failed negotiations with the NBA from John Ourand at Puck. One is that WBD somehow wins its suit and ends up forcing the NBA to give it games it would prefer to sell somewhere else. And then there are two other possibilities: One is that WBD doesn't get the games, but extracts some kind of settlement from the NBA for supposedly breaching a contract.
Persons: —, David Zaslav, He's, it's, they've, WBD's, John Ourand, WBD, who's, doesn't, Fox — Organizations: Service, Warner Bros, NBA, TNT, Disney, Comcast, Business, HBO, WBD, Fox, Advertisement College, NFL Locations: Puck
☆ Warner Bros. Discovery Sues N.B.A. Over Rights Deal
  + stars: | 2024-07-26 | by ( Tania Ganguli | ) www.nytimes.com   time to read: +1 min
Warner Bros. That left Warner Bros. Discovery, a current rights holder, set to lose the league at the end of next season. “Given the N.B.A.’s unjustified rejection of our matching of a third-party offer, we have taken legal action to enforce our rights,” Warner Bros. content.”Mike Bass, a spokesman for the league, said, “Warner Bros. Discovery’s claims are without merit, and our lawyers will address them.”
Persons: “, ” Warner, Mike Bass, “ Warner, Discovery’s, ” Organizations: Warner Bros . Discovery, National Basketball Association, Disney, Comcast, Warner Bros, ” Warner Bros, Discovery, Court, “ Warner Bros Locations: New York
☆ NBA and TNT’s parent company prepare for legal clash in sports rights battle for the ages
  + stars: | 2024-07-25 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +5 min
New York CNN —The stage is now officially set for a high-stakes showdown between the NBA and TNT parent company Warner Bros. WBD, the parent company of CNN, paid for matching rights when it struck its current deal with the NBA. In doing so, the NBA argued that WBD’s offer was not a legally valid match since it would also be broadcasting the games on TNT. And it should be noted that the contractual paperwork giving WBD matching rights is pages long and not simple. Zaslav and his deputies believe that they have a robust legal argument and that they are indeed entitled to use their contractual rights to match Amazon’s bid.
Persons: WBD’s, David Zaslav, Adam Silver, Warner, WBD, ”, that’s, “, NBCU, Zaslav, Stephen A, Smith Organizations: New, New York CNN, NBA, TNT, Warner Bros ., Wednesday, Amazon, Warner Bros, CNN, CNBC, NBCUniversal, Disney, ESPN, Big Tech, Apple, Google Locations: New York
☆ Disney, Hulu and Max launch streaming bundle at up to 38% discount
  + stars: | 2024-07-25 | by ( Liam Reilly | ) edition.cnn.com   time to read: +3 min
Discovery and Disney launched a cross-studio bundle of Disney+, Hulu, and Max on Thursday, bringing the services together at a discounted price as the entertainment giants look to scale their streaming businesses. Disney+ with Hulu is also available for $9.99 a month with ads. Disney already offers its own streaming bundle that includes Disney+, Hulu, and ESPN+ at a bargain rate. Earlier this month, Hallmark announced that it, too, will launch its own standalone streaming platform, Hallmark+, ahead of the holiday season. Disney, WBD and Fox Corp. are also launching the dedicated sports streaming service Venu this fall, which will combine ESPN, TNT, Fox Sports and other assets under a single streaming roof.
Persons: Max, Marvel, ”, David Zaslav, NBC’s Peacock, Peacock, Venu, “ We’ve, Bob Iger, “ Organizations: New, New York CNN, Warner Bros . Discovery, Disney, HBO, ABC, CNN, Food Network, FX, HGTV, Hulu, Pixar, Star Wars, Warner Bros, Netflix, Amazon Prime, ESPN, Verizon, Paramount, Apple, Comcast, Hallmark, Fox Corp, TNT, Fox Sports, ” Disney, CNBC Locations: New York, Hulu
☆ Hollywood’s videogame performers to go on strike over AI, pay concerns
  + stars: | 2024-07-25 | by ( ) edition.cnn.com   time to read: +2 min
Reuters —Video game voice actors and motion-capture performers have called a strike over failed labor contract negotiations focused around AI-related protections for workers, bringing about another work stoppage in Hollywood. The SAG-AFTRA has called a strike of the Interactive Media Agreement that covers videogame performers, effective July 26, the union said on Thursday. The Interactive Media Agreement expired in November 2022 and was being extended on a monthly basis during the talks. Apart from AI protections, the SAG-AFTRA’s most pressing issues in the contract negotiations for videogame performers are higher pay, medical treatment and breaks for motion capture performers. The offer presented to the SAG-AFTRA features AI protections that include requiring consent and fair compensation to all performers working under the IMA, Cooling said.
Persons: AFTRA, ”, Audrey Cooling, Cooling Organizations: Reuters, SAG, Interactive, Activision Productions, Electronic Arts, Epic, Disney, Warner Bros, WB, Hollywood, IMA Locations: Hollywood
☆ Stocks on the Move: Nasdaq, Warner Bros, Honeywell and Abbvie
  + stars: | 2024-07-25 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStocks on the Move: Nasdaq, Warner Bros, Honeywell and AbbvieThe Investment Committee discuss some stocks on the move in today's market.
Organizations: Nasdaq, Warner Bros, Honeywell, Investment
☆ Warner Bros. Discovery sues NBA over matching rights
  + stars: | 2024-07-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarner Bros. Discovery sues NBA over matching rightsCNBC's Julia Boorstin joins Money Movers to discuss the latest on the NBA's signing new 11-year media agreements with Disney, NBC, and Amazon.
Persons: Julia Boorstin Organizations: Warner Bros, Discovery, Movers, Disney, NBC
☆ NBA rejects Warner Bros. Discovery matching offer in bid to retain games, setting up potential legal showdown
  + stars: | 2024-07-24 | by ( Liam Reilly | ) edition.cnn.com   time to read: +3 min
“Warner Bros. Discovery’s most recent proposal did not match the terms of Amazon Prime Video’s offer and, therefore, we have entered into a long-term arrangement with Amazon,” the NBA said in a statement. Disney will retain the NBA Finals, a Christmas Day game broadcast, Wednesday games on ESPN, Saturday prime time games on ABC and Sunday showcase packages. Finishing out the trio, Amazon’s Prime Video will stream the emirates NBA Cup, SoFi NBA Play-In Tournament, and both Thursday and Friday night games. Amazon will also serve as the league’s strategic partner and third-party global destination for the NBA League Pass. The agreements include more nationally broadcast games than in previous years, the NBA shared, adding that all national games will also be available on broadly distributed steaming services.
Persons: “ Warner, ”, Turner, WBD, ” Adam Silver, Peacock Organizations: New, New York CNN, NBA, Wednesday, Warner Bros, Amazon Prime, “ Warner Bros, Amazon, ESPN, Turner Sports, TNT, TNT Sports ’, Disney, ”, Prime, ABC, NBC, Sunday Locations: New York, United States
☆ ‘Inside Out 2’ becomes highest-grossing animated movie of all time
  + stars: | 2024-07-24 | by ( Erika Tulfo | ) edition.cnn.com   time to read: +2 min
That’s after movie sequel “Inside Out 2” became the highest-grossing animated film of all time, raking in $1.46 billion at the global box office and dethroning former record holder “Frozen 2” from 2019, according to Disney on Wednesday. “Inside Out 2” hit theaters last month and passed the $1 billion mark just 19 days after its release — the fastest ever for an animated film. It’s currently on week six of its theatrical run and has already bagged a spot as the 13th highest-grossing film of all time. The excitement surrounding the “Inside Out 2“ release comes after the film industry was met with a slow start to the summer movie season. Discovery) and “Oppenheimer” combined added nearly a billion dollars to the domestic box office, according to Comscore data.
Persons: ”, ’, It’s, Daniel Loria, “ It’s, ” Loria, Paul Dergarabedian, “ Barbie ”, “ Oppenheimer ”, CNN’s Eva Rothenberg Organizations: New, New York CNN, Pixar, Disney, Hollywood, Box, showtime, Comscore, Warner Bros Locations: New York, Europe, Asia, East, United States, Americas, Brazil, Mexico, Colombia, Chile, Japan
☆ N.B.A. Announces Lucrative Rights Deals With Disney, Comcast and Amazon
  + stars: | 2024-07-24 | by ( Tania Ganguli | More About Tania Ganguli | ) www.nytimes.com   time to read: +1 min
The National Basketball Association announced new rights agreements with Disney, Comcast and Amazon on Wednesday in which the companies will collectively pay $77 billion over 11 years, substantially increasing the league’s annual revenue and reflecting the continued importance of live sports programming even as streaming has reconfigured the entertainment industry. In making the announcement, the league said it had rejected Warner Bros. Discovery’s bid to match Amazon’s offer. “Our new arrangement with Amazon supports this goal by complementing the broadcast, cable and streaming packages that are already part of our new Disney and NBCUniversal arrangements. All three partners have also committed substantial resources to promote the league and enhance the fan experience.”The new deals, which include both N.B.A. games, will take effect with the 2025-26 season and are more than two and a half times the average annual value of the league’s current rights agreements.
Organizations: National Basketball Association, Disney, Comcast, Amazon, Warner Bros
☆ NBA says Amazon will be its new media partner, rebuffing Warner Bros. Discovery attempt to match deal
  + stars: | 2024-07-24 | by ( Alex Sherman | ) www.cnbc.com   time to read: +3 min
☆ CNBC Daily Open: Tech rebounds, CrowdStrike tumbles, Wiz rejects Google
  + stars: | 2024-07-23 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wiz walks awayCloud security startup Wiz rejected a $23 billion acquisition offer from Google, opting instead to pursue an IPO. The move allows Warner Bros. to retain some of its NBA broadcasting rights. However, the NBA may not want Warner Bros. as a media rights partner and could reject the company's matching rights, which could lead to a legal tussle.
Persons: Kamala Harris, Russell, CrowdStrike, George Kurtz, Mark Green, Andrew Garbarino, Wiz, Hai Precision Industry —, Hong Organizations: New York Stock Exchange, CNBC, Tech, Nvidia, Nasdaq, Dow Jones Industrial, Homeland Security, Microsoft, Delta Air Lines, Google, NBA, Warner Bros, Discovery, National Basketball Association, Amazon Prime, Taiwan Semiconductor Manufacturing Corp, Hai Precision Industry, CSI, U.S Locations: New York City, U.S, Asia, Pacific, Taiwan
☆ CNBC Daily Open: Wall Street looks past political uncertainty
  + stars: | 2024-07-23 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Tech reboundThe S&P 500 posted its biggest gain since June 5, recovering from its worst weekly slide since April, as tech stocks rebounded led by Nvidia. The move allows Warner Bros. to retain some of its NBA broadcasting rights. However, the NBA may not want Warner Bros. as a media rights partner and could reject the company's matching rights, which could lead to a legal tussle.
Persons: Russell, CrowdStrike, George Kurtz, Mark Green, Andrew Garbarino, Berkshire Hathaway, Walter Cho, Joe Biden's, Kamala Harris Organizations: CNBC, Tech, Nvidia, Nasdaq, Dow Jones Industrial, Homeland Security, Microsoft, Delta Air Lines, Buffett, Warren, Bank of America, Apple, Boeing, Korean Air, Farnborough, NBA, Warner Bros, Discovery, National Basketball Association, Amazon Prime, Trump Locations: U.S, Berkshire
☆ A storm chaser on what 'Twisters' gets right and wrong
  + stars: | 2024-07-23 | by ( Jenny Mcgrath | ) www.businessinsider.com   time to read: +6 min
Jen Walton, a storm chaser from Denver, has already seen the new film twice and loved many of the nods to the original movie, the accuracy of the tornado science, and the appreciation for storm chasers. But eventually, she got over her fear and has been chasing storms for the last six years. AdvertisementIt mostly happens in Texas and Oklahoma, where storm chasing is the most popular, she said. Many may not remember the 2013 El Reno storm when four storm chasers were killed, she said. That's why Girls Who Chase, the initiative Walton started to support women in STEM fields, offers Storm Chasing 101.
Persons: —, Jen Walton, Walton wasn't, Daisy Edgar, Jones, Tyler, Glen Powell, Melinda Sue Gordon, Amblin Entertainment Walton, Glen, Tyler Owens, Walton, Sue Ogrocki, Owens, Katie Carter, she's, Chase Organizations: Service, Business, Universal Pictures, Warner Bros . Pictures, Amblin Entertainment, YouTube, Storm, El Locations: Denver, Oklahoma, Texas, El Reno
☆ Battle over NBA rights brewing as Warner Bros. Discovery matches Amazon's bid
  + stars: | 2024-07-23 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBattle over NBA rights brewing as Warner Bros. Discovery matches Amazon's bidCNBC"S David Faber and Jim Cramer discuss the brewing legal battle over NBA rights as Warner Bros. Discovery matches Amazon's bid.
Persons: David Faber, Jim Cramer Organizations: Warner Bros, CNBC
☆ Warner Bros. Discovery notifies NBA it will match Amazon’s $1.8 billion offer to carry league games
  + stars: | 2024-07-22 | by ( Liam Reilly | ) edition.cnn.com   time to read: +5 min
A person familiar with the matter confirmed WBD’s matching offer Monday was for Amazon’s bid, which includes regular season and playoff games. It’s unclear if the NBA will accept or reject WBD’s offer, which the league intended for a streaming partner. The showdown over the NBA rights comes as legacy media companies struggle to retain audiences, with viewers opting to leave cable bundles behind in favor of cheaper, on-demand content. The cable channel TNT has built a programming slate around the NBA games, most notably the highly rated “Inside the NBA” show featuring Barkley, Ernie Johnson, Kenny Smith and Shaquille O’Neal. Asked last week about the fate of WBD’s broadcast rights, NBA Commissioner Adam Silver told reporters, “I don’t know yet.”“Much of it is outside my control,” he added.
Persons: ’ signoff, WBD, “ We’ve, ”, Turner Sports ’, Charles Barkley, ” Barkley, “, I’m, Barkley, Ernie Johnson, Kenny Smith, Shaquille O’Neal, Adam Silver Organizations: New, New York CNN, Warner Bros, Discovery, TNT Sports, NBA, Disney, NBC, Amazon Prime, NBA’s, Governors, TNT, Amazon, Turner Sports, ESPN, Football, Netflix, NCAA, MLB, NHL, NASCAR Locations: New York
☆ Warner Bros. Discovery tells NBA it intends to match Amazon's media rights package
  + stars: | 2024-07-22 | by ( Alex Sherman | ) www.cnbc.com   time to read: +5 min
Warner Bros. Warner Bros. Warner Bros. Warner Bros. Warner Bros.
Persons: David Zaslav, NBCUniversal Organizations: Warner Bros, Discovery, National Basketball Association, Amazon Prime, NBA, Warner Bros . Discovery, TNT, Amazon, Disney, Comcast, CNBC
☆ Verizon misses quarterly revenue estimates on slow phone upgrades
  + stars: | 2024-07-22 | by ( ) www.cnbc.com   time to read: +2 min
Verizon Communications missed quarterly revenue estimates on Monday due to slow phone upgrades in the United States, taking the shine off strong growth in wireless subscribers and sending shares of the telecom firm down 3.4% before the bell. Verizon reported second-quarter revenue of $32.8 billion, compared with analysts' average estimate of $33.06 billion, according to LSEG data. Verizon said it added 148,000 net monthly bill-paying wireless phone subscribers from April to June, above analysts' average estimate of 127,870 additions, according to Visible Alpha. It even raised the price of some older plans in March to prompt customers to switch to the new plans. The company's consumer business reported net losses of 8,000 wireless retail postpaid phone subscribers in the latest quarter, compared with 136,000 losses a year earlier.
Persons: Warner Bros Discovery's Max Organizations: Verizon Communications, Verizon, Apple, IDC, Mobile, Netflix, Warner Bros Discovery's Locations: United States
☆ ‘Barbie’ Was Supposed to Change Hollywood. Many See ‘No Effect.’
  + stars: | 2024-07-22 | by ( Nicole Sperling | ) www.nytimes.com   time to read: +1 min
It was the top box office film of the year, earning $1.4 billion worldwide, and it became Warner Bros.’s highest-grossing film ever, outpacing both “Dark Knight” movies, “Wonder Woman” and every chapter in the “Harry Potter” franchise. It was a DayGlo-pink rebuttal to decades of conventional Hollywood thinking, and its success seemed to herald a new paradigm for the film industry. Movies written and directed by women and focused on female protagonists could attract enormous audiences to multiplexes around the world. Yet in the 12 months since the movie’s release, little has changed in Hollywood. The box office is down 17 percent from last year at this time, and studios spooked by a fickle audience (yes to “Twisters,” no to “Fall Guy”) are again questioning the reliability of the theatrical marketplace.
Persons: “ Barbie ”, Harry Potter ”, Guy ”, Barbie ”, Greta Gerwig, Margot Robbie Organizations: Warner Bros, Films, University of Southern California’s, Hollywood Locations: Hollywood
☆ Warner Bros. Discovery Says It Has Matched a Rival Bid for N.B.A. TV Deal
  + stars: | 2024-07-22 | by ( Tania Ganguli | More About Tania Ganguli | ) www.nytimes.com   time to read: +1 min
Warner Bros. Discovery said on Monday that it had matched a rival offer to air N.B.A. games, a move aimed at allowing the company to keep the lucrative broadcast rights it has held for decades. “We have reviewed the offers and matched one of them,” Warner Bros. Discovery did not identify which broadcast package it matched, but said its current contract allowed it to keep the rights if it matched competing offers.
Persons: Discovery, “, Warner, “ We’ve, ” Organizations: Warner Bros, Discovery Locations: Amazon
☆ Warner Bros. Discovery offers to match Amazon offer for NBA rights
  + stars: | 2024-07-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarner Bros. Discovery offers to match Amazon offer for NBA rightsCNBC's Alex Sherman to report on Warner Bros Discovery's offer to match Amazon's offer for NBA rights.
Persons: Alex Sherman Organizations: Warner Bros . Discovery, NBA, Warner Bros
☆ ‘Barbie’ was important to me. This summer has melted her
  + stars: | 2024-07-21 | by ( Scottie Andrew | ) edition.cnn.com   time to read: +8 min
Watching “Barbie” so much defined the back half of my 2023. The summer of “Barbie” was one of my happiest, when I felt truly connected to my fellow humans. Watching “Barbie” again and again nudged me out of an isolation I hadn’t even realized I’d imposed. Once Gosling finished his dazzling Oscars performance of “I’m Just Ken,” “Barbie” fever officially ended. But we’ll always have our “Barbie” summer.
Persons: “ Barbie, ” I’ve, I’ve, Barbie ”, “ Barbie ”, Barbie, Ryan Gosling, Ken, Will Ferrell, ” John Cena, Margot Robbie, ”, ” Oppenheimer, “ Oppenheimer, Nolan, Stephanie Keith, Stephen Malkmus, Issa, America Ferrara, who’s, nudged, ‘ Barbie ’, Helen Mirren’s, “, Barbara ”, Greta Gerwig’s, Gosling, “ I’m, I'm, ergy, who’d, It’s, we’ll Organizations: CNN, Sex, Warner Bros ., Warner Bros, America, Gran Turismo Locations: pinks, Barbie, Robbie’s, Atlanta
☆ How is 'Twisters' connected to the original 1996 movie? The cast calls it a 'stand-alone sequel'
  + stars: | 2024-07-19 | by ( Olivia Singh | ) www.businessinsider.com   time to read: +4 min
Read previewGlen Powell's hot streak in Hollywood continues with "Twisters," a new iteration of the 1996 disaster movie "Twister." Melinda Sue Gordon/Universal Pictures, Warner Bros. Pictures, and Amblin EntertainmentIn a cover story for Entertainment Weekly, the cast referred to "Twisters" as a "stand-alone sequel." "It feels like a real next chapter, whilst also having so much love for the original," Edgar-Jones told Variety, echoing the director. 'Twisters' contains nods and homages to the original movieKate (Daisy Edgar-Jones) and Tyler (Glen Powell) in "Twisters." Universal PicturesThere are also moments and costumes in "Twisters" that are reminiscent of the original movie.
Persons: —, Lee Isaac Chung's, Powell, Tyler Owens, Daisy Edgar, Jones, Kate Carter, Javi, Anthony Ramos, Bill Paxton, Helen Hunt, Jo, Kate, Tyler, Glen Powell, Melinda Sue Gordon, Jo Harding, Paxton, Chung, I've, Edgar, Dorothy, Bill, Dorothy V, Patrick Sullivan, Brandon Perea, Lily, Sasha Lane, Dusty, Philip Seymour Hoffman's, James Paxton, Dad, James Organizations: Service, Business, Universal Pictures, Warner Bros . Pictures, Amblin Entertainment, Entertainment, YouTube, Muskogee State University, wranglers Boone Locations: Hollywood, Oklahoma
☆ Opinion: The stunning silence at the heart of ‘Twisters’
  + stars: | 2024-07-19 | by ( Opinion Noah Berlatsky | ) edition.cnn.com   time to read: +8 min
Noah Berlatsky Noah BerlatskyAnd yet both, despite being centered on extreme weather events, avoid mentioning climate change directly. In the mid-1990s the right was already moving toward climate change denial. The characters’ silence is louder at a time when in real life many Republican leaders continue to deny climate change is a problem. The current Republican platform doesn’t mention global warming at all, and GOP presidential nominee Donald Trump has denied the scientific consensus on climate change. In a 2022 survey, only 23% of Republicans thought climate change was a major threat.
Persons: Noah Berlatsky, CNN — Lee Isaac Chung’s “, Noah Berlatsky Noah Berlatsky, ”, Kate, Daisy Edgar, Jones, Javi, Anthony Ramos, Tyler Owens, Glen Powell, she’s, Tyler, Lee Isaac Chung’s “, Donald Trump, James Whale’s, Frankenstein, Frankenstein ”, Bill Paxton, Helen Hunt, it’s, “, Twisters Organizations: CNN, YouTube, Warner Bros, Hollywood, Republican, GOP Locations: Chicago, Oklahoma, New York
☆ 'Twisters' shows how tornado science has changed massively since the first movie nearly 30 years ago
  + stars: | 2024-07-19 | by ( Jenny Mcgrath | ) www.businessinsider.com   time to read: +7 min
Read previewWhen the original "Twister" movie debuted in 1996, its super-sized, cow-spinning tornadoes captivated audiences. Now, there's a sequel, "Twisters," which, in some ways, shows just how far tornado science has come in the last few decades. She helped a "Twisters" film crew scout locations and find storm footage for the new movie. Climate change is altering tornado seasonA powerful tornado can destroy homes and cars leaving devastation in their wake. The original film sparked a surge in interest in severe weather.
Persons: —, Jana Houser, Kevin Thiel, Dorothy, TOTO, Harold Brooks, Houser, Lee Isaac Chung, " Houser Organizations: Service, Business, Ohio State University, OU, NOAA, Weather, Systems Lab, NWS, CNN, Universal Pictures, Warner Bros . Pictures, Amblin, University of Oklahoma's Locations: Oklahoma, Kansas, Weather.com, Alabama , Kentucky, Mississippi
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