DIRS.INFO The most relevant business & tech news

☆ 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

☆ 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

☆ Why a new NBA deal could mean cuts to your favorite NBC and Peacock shows
▼ + stars: | 2024-06-05 | by ( Peter Kafka | ) www.businessinsider.com time to read: 1 min

The NBA is close to a series of rights deals that will generate an astonishing $76 billion over 11 years for the sports league. AdvertisementIf you like watching basketball, this will likely mean some change: Right now, national NBA rights are split between Disney's ESPN/ABC and Warner Bros Discovery's TNT; in the future, those will likely be split between Disney, Amazon, and Comcast, which intends to show some games on NBC and some on its Peacock streaming service. So you may need to sign up for some new streamers (just like NFL fans have had to do). This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.

Organizations: NBA, Disney's ESPN, ABC, Warner Bros, TNT, Disney, Comcast, NBC, Business

☆ Judge narrows lawsuit over 'South Park' streaming rights
▼ + stars: | 2023-11-14 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

REUTERS/Alyssa Pointer/File Photo Acquire Licensing RightsNEW YORK, Nov 14 (Reuters) - A New York trial judge has narrowed Warner Bros Discovery's lawsuit against Paramount Global (PARA.O) over the rights to stream "South Park," the animated comedy featuring foul-mouthed children. She also dismissed a claim that Paramount failed to act in good faith, because that claim duplicated Warner's breach of contract claim. Warner sued in February, saying Paramount breached the agreement by providing only 14 new episodes, and diverted other new "South Park" content to its Paramount+ streaming service under a $900 million agreement with Parker and Stone. "South Park" was launched in August 1997 on Comedy Central, owned by Paramount. The case is WarnerMedia Direct LLC v Paramount Global et al, New York State Supreme Court, New York County, No.

Persons: Alyssa Pointer, Margaret Chan, Trey Parker, Matt Stone, HBO Max, Warner, Parker, Stone, countersued Warner, Jonathan Stempel, Franklin Paul Organizations: Warner Bros . Discovery Atlanta, REUTERS, Warner Bros, Paramount Global, Paramount, HBO, Comedy Central, New York, Court, Franklin Paul Our, Thomson Locations: Atlanta , Georgia, U.S, York, Manhattan, New, Court , New York County, New York

☆ Netflix, Warner Bros partner with Verizon to offer discounted streaming bundle - source
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsNov 9 (Reuters) - Verizon (VZ.N) is planning to offer the ad-supported versions of Netflix (NFLX.O) and Warner Bros Discovery's (WBD.O) Max streaming services for about $10 a month combined instead of about $17, according to a source familiar with the matter. The discounted bundle is expected to be announced in the coming weeks, the source added. Netflix and Warner Bros will have to share revenue with Verizon, the source said. Verizon and Warner Bros Discovery did not immediately respond to Reuters' requests for a comment. Netflix launched its ad-supported tier late last year, and it increased the prices for its premium ad-free tier in October 2023.

Persons: Lucy Nicholson, Zaheer Kachwala, Shilpi Majumdar Organizations: Netflix, REUTERS, Verizon, Warner Bros, Reuters, Street Journal, Thomson Locations: Hollywood, Los Angeles , California, U.S, Bengaluru

☆ Full-frontal nude dating show ‘Naked Attraction’ premieres on Max
▼ + stars: | 2023-09-27 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +3 min

REUTERS/Danny Moloshok/File Photo Acquire Licensing RightsSept 27 (Reuters) - A new addition to streaming service Max strips the reality dating show genre down to its bare essentials. "Naked Attraction" features six nude contestants in glass booths whose body parts are gradually revealed, “bit by lovely bit,” until a single contestant is chosen for a date. “I will remind you that HBO is the home of ‘Real Sex’ and ‘Cathouse,'” Bloys said at the Vox Media’s Code 2023 conference, referring to other explicit shows. “You need an entire mix of programming.”Discovery+ acquired all seasons of "Naked Attraction," in a 2021 deal with Britain-based distributor All3Media. As of Wednesday, the show was the most popular series on the streaming service, a week after its launch.

Persons: Casey Bloys, Danny Moloshok, Max, ” Casey Bloys, ‘, Bloys, CNN Max, Ana Navarro, Dawn Chmielewski, Cynthia Osterman Organizations: HBO, HBO Television, Association Summer Press, REUTERS, Max, ‘, Vox, Warner Bros, Discovery, CNN, Thomson Locations: Beverly Hills , California, U.S, Britain, Italy, Sweden, Singapore, American, Dana Point , California

☆ Warner Bros to expand British studios' production capacity by over 50%
▼ + stars: | 2023-09-22 | by ( David Lawder | ) www.reuters.com time to read: +2 min

The exterior of the Warner Bros. REUTERS/Alyssa Pointer/File Photo Acquire Licensing RightsSept 21 (Reuters) - Warner Bros Discovery (WBD.O) on Thursday said it planned to expand production capacity at its Leavesden studios near London by more than 50%, adding 10 new sound stages to the facility where much of the "Barbie" blockbuster and HBO's "House of the Dragon" were filmed. Hunt told Reuters in a telephone interview that the investment would total 245 million pounds ($301 million). Warner Bros said it would increase the value of Leavesden's annual film and television production by 200 million pounds ($245.9 million), bringing it to 600 million pounds ($737.6 million a year, Warner Bros Discovery said. Hunt said the Leavesden project "is a huge vote of confidence in the UK" and will benefit from longstanding British tax breaks for local film and television production.

Persons: Alyssa Pointer, Jeremy Hunt, Hunt, Warner Bros, David Lawder, Chris Reese, Michael Perry Organizations: Warner Bros . Discovery, REUTERS, Warner Bros Discovery, British Finance, Reuters, Warner, Warner Bros, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, London, Los Angeles, California, Silicon

☆ You haven't been paying a fair price for your streaming services. Warner Bros. Discovery CFO says: 'I think that's in the process of being corrected'
▼ + stars: | 2023-09-19 | by ( Will Gendron | ) www.businessinsider.com time to read: +4 min

A change may be coming to your streaming services, Warner Bros. The services have been undervalued, Gunnar Wiedenfels said, and "quality content has been given away"That could spell price hikes. AdvertisementAdvertisementAs Insider's Matt Turner summed up: "Streaming services have been underpriced in the name of attracting critical mass." In January, Warner Bros Discovery increased the price of an ad-free subscription to HBO Max for the first time since its launch in 2020. Aside from boosting prices, services are also cracking down on password sharing.

Persons: Gunnar Wiedenfels, Wiedenfels, Max —, Matt Turner, Comcast's Peacock, Max, Peacock, Mark Schilsky, HBO Max, we're, Bob Iger, Schilsky Organizations: Warner Bros, Discovery, Service, Bank of America Securities Media, Communications, Entertainment Conference, Netflix, Hulu, Disney, Paramount, Apple, Bernstein Research, Warner Bros Discovery, HBO, HBO Max, Wall Street Journal Locations: Wall, Silicon, Hollywood

☆ Warner Bros Discovery taps media veteran Thompson as CEO of CNN
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +2 min

The exterior of the Warner Bros. With Thompson, 66, Warner Bros Discovery is turning to an executive with ample experience at the top level, unlike Licht - a former TV producer who had worked on "The Late Show With Stephen Colbert." "Mark is a true innovator who has transformed for the digital age two of the world's most respected news organizations," Warner Bros Discovery CEO David Zaslav said in a statement. A big focus area for Thompson is likely to be the recently announced round-the-clock news service called CNN Max, which will be available on Warner Bros Discovery's streaming platform. Those estimates are for the CNN networks that operate in the United States, including CNN en Español and CNN International.

Persons: Alyssa Pointer, Mark Thompson, Thompson, Chris Licht, Donald Trump, Stephen Colbert, David Zaslav, CNN Max, Aditya Soni, Shinjini Organizations: Warner Bros . Discovery, REUTERS, Warner Bros Discovery, CNN, New York Times, BBC, Republican U.S, Times, Warner Bros, P Global Market Intelligence, Español, CNN International, Fox News, MSNBC, Nielsen, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, United States

☆ CNN taps media veteran Thompson as CEO to spearhead turnaround
▼ + stars: | 2023-08-30 | by ( Aditya Soni | ) www.reuters.com time to read: +3 min

With Thompson, Warner Bros Discovery is turning to an executive with ample experience at the top level, unlike Licht - a former TV producer who had worked on "The Late Show With Stephen Colbert" and MSNBC's "Morning Joe". During his 8-year tenure as the CEO of the Times, Thompson helped transform the Gray Lady into a beacon for newspapers in the internet age by focusing on digital subscriptions. "Mark is a true innovator who has transformed for the digital age two of the world's most respected news organizations," Warner Bros Discovery CEO David Zaslav said. CNN Max is looking to capitalize on the immediacy of breaking news and analysis, differentiating it from CNN+, which featured lifestyle programs. Those estimates are for the CNN networks that operate in the United States, including CNN en Español and CNN International.

Persons: Mark Thompson, Neil Hall, Thompson, Chris Licht, Donald Trump, Stephen Colbert, David Zaslav, Joe Biden, Ron Desantis, CNN Max, Paolo Pescatore, Licht, Jeff Zucker, Aditya Soni, Chavi Mehta, Shinjini Organizations: BBC, REUTERS, Warner Bros Discovery, CNN, New York Times, Republican U.S, Times, Trump, Democratic, Warner Bros, Atlantic, P Global Market Intelligence, Español, CNN International, Fox News, MSNBC, Nielsen, Thomson Locations: London, Florida, Trump, United States, Bengaluru

☆ Netflix signups remain high, fueled by password-sharing crackdown - data
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, U.S., July 12, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsAug 23 (Reuters) - Signups for Netflix (NFLX.O) in the United States remain elevated despite a fall from June's record high after the video-streaming pioneer's crackdown on shared passwords came into effect in May, according to data from research firm Antenna. Netflix had said last year it was going to limit account-sharing and was testing various approaches in some markets. This has led analysts to expect that about 50 million users will ultimately create their own accounts. The research firm sources its streaming data from transaction records such as online purchase receipts and banking information.

Persons: Mike Blake, Walt Disney's, Max, Jaspreet Singh, Akash Sriram, Pooja Desai Organizations: Netflix, REUTERS, Amazon, Warner Bros, Reuters, Thomson Locations: Los Angeles , California, U.S, United States, Bengaluru

Aug 3 (Reuters) - Warner Bros Discovery (WBD.O) warned Thursday that uncertainty over the dual strikes by Hollywood writers and actors could impact the timing of its film slate and its ability to produce and deliver content. The Alliance of Motion Picture and Television Producers, which represents Warner Bros Discovery and the other major studios in negotiations, asked to meet on Friday with the writers' guild to discuss the possibility of resuming talks. Warner Bros Discovery's revenue took a hit in the second quarter due to soft box office results, including the underperformance of the DC Comics-inspired film, "The Flash." The exterior of the Warner Bros. Under Zaslav, Warner Bros Discovery has been seeking to run its direct-to-consumer business more efficiently.

Persons: David Zaslav, Fran Drescher, Alyssa Pointer, Jamie Lumley, Samrhitha, Helen Coster, Mark Porter, Jonathan Oatis, Shounak Dasgupta, Marguerita Choy Organizations: Warner Bros Discovery, Hollywood, Writers Guild of America, Screen, SAG, Hasbro, Alliance, Television Producers, Paramount, Times, Variety, Warner Bros, DC Comics, Warner Bros . Discovery, Alliance of Motion Pictures, REUTERS, Discovery Inc, Total, HBO, Max, Thomson Locations: New York, Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, Bengaluru

The exterior of the Warner Bros. REUTERS/Alyssa Pointer/File photoAug 3 (Reuters) - Warner Bros Discovery (WBD.O) posted a smaller loss for the second quarter on Thursday as the media conglomerate benefited from cost cuts, sending its shares up nearly 4% in premarket trading. Under Chief Executive Officer David Zaslav, Warner Bros Discovery has been seeking to run its direct-to-consumer business, which includes the Max streaming service, more efficiently. Net loss for the quarter came in at $1.24 billion, compared with a loss of $3.42 billion a year earlier. It lost 1.8 million subscribers, more than analysts' estimates of 1.1 million, reporting 95.8 million total global subscribers for its HBO, Max and Discovery+ services.

Persons: Alyssa Pointer, David Zaslav, Max, Zaslav, Samrhitha, Helen Coster, Shounak Dasgupta, Mark Porter Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, REUTERS, Warner Bros Discovery, Media, Warner Bros, Consumer, HBO, Discovery Inc, Max, HBO Max, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, United States, Bengaluru, New York

☆ Batman wins EU trademark dispute with Italian designer
▼ + stars: | 2023-06-07 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

REUTERS/Henry RomeroBRUSSELS, June 7 (Reuters) - Caped crusader Batman won a trademark fight with an Italian clothing retailer on Wednesday after Europe's second-top court sided with an EU patent office, ruling that the Batman logo is distinctive enough to warrant its EU trademark. The Italian company had asked EUIPO to annul the trademark for clothing and carnival items, saying that it lacked a distinctive character. Judges backed the EU trademark body. The Italian company can appeal to the EU Court of Justice, Europe's highest, on points of law. The case is T-735/21 | Aprile and Commerciale Italiana v EUIPO – DC Comics (Representation of a bat in an oval surround).

Persons: Henry Romero BRUSSELS, Batman, Europe's, EUIPO, Aprile, Foo Yun Chee, Louise Heavens Organizations: DC Comics, REUTERS, EU, Warner Bros, European, Intellectual Property, Commerciale Italiana, Italiana Srl, Justice, Europe's, Commerciale, Thomson Locations: Mexico City, Mexico, Italian, EU, Luxembourg

☆ Hollywood actors authorize strike as writers still out
▼ + stars: | 2023-06-06 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

LOS ANGELES, June 5 (Reuters) - Hollywood's actors union voted to authorize a strike if contract talks break down, turning up the heat on major film and television studios already grappling with a monthlong work stoppage by writers. No new negotiations are scheduled with the striking Writers Guild of America (WGA), which represents 11,500 film and TV writers. A strike by actors would lead to a broader shutdown across Hollywood and increase pressure on studios that need programming to feed their streaming services and the fall TV broadcast schedule. In the negotiations, actors are seeking higher pay and safeguards against unauthorized use of their images through artificial intelligence. SAG-AFTRA leaders said the industry had changed dramatically with the rise of streaming television and the emergence of new technology such as generative AI.

Persons: AFTRA, Bravo, Fran Drescher, Duncan Crabtree, Lisa Richwine, David Gregorio, Lisa Shumaker, Kim Coghill, Gerry Doyle Organizations: Bravo SAG, Guild of America, Warner Bros, HBO, SAG, Alliance, Television Producers, Walt Disney Co, Netflix Inc, Thomson Locations: ANGELES, Hollywood, Ireland

☆ Warner Bros Discovery's surprise loss clouds strong streaming unit show
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +3 min

[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!

☆ Saudi money is flowing to US media and entertainment, from Live Nation to LIV Golf, 5 years after Jamal Khashoggi's murder: 'The ice has thawed'
▼ + stars: | 2023-04-03 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com time to read: +20 min

Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment. Insider identified some key people connecting Middle East investors with American companies. Saudi Arabia is trying to pitch itself to the world as a cultural and economic reformer and spur tourism. Vince McMahon's WWE has a long-term partnership with the Kingdom of Saudi Arabia, with a major live WWE event there slated for May. Vince McMahon's WWE was one of the first US companies to create unique events in Saudi Arabia.

☆ Saudi money is pouring into Hollywood and media, 5 years after the murder of Jamal Khashoggi. Here's who's cashing in and how.
▼ + stars: | 2023-03-15 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com time to read: +13 min

Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment. Saudi Arabia is trying to pitch itself to the world as a cultural and economic reformer and spur tourism. Even those media players that are comfortable with invetment from the Middle East may not find funds flowing, one Hollywood veteran said. A major live WWE event in Saudi Arabia is slated for May. Of the growing ties between US entertainment and media and Middle East investors, this person added, "Presumably media organizations got into this to help society make better decisions."

☆ Jim Cramer on Warner Bros Discovery's disappointing quarterly results
▼ + stars: | 2023-02-24 | 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 EmailJim Cramer on Warner Bros Discovery's disappointing quarterly resultsCNBC's Carl Quintanilla and Jim Cramer break down Warner Bros. Discovery's quarterly earnings results.

☆ Engine Media's Tom Rogers on Warner Bros Discovery's disappointing quarterly results
▼ + stars: | 2023-02-24 | 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 EmailEngine Media's Tom Rogers on Warner Bros Discovery's disappointing quarterly resultsTom Rogers, Engine Gaming & Media executive chairman, joins 'Squawk Box' to discuss his reaction to Warner Bros Discovery's earnings results, if there will be further consolidation in the streaming space, and more.

Feb 24 (Reuters) - Warner Bros Discovery's (WBD.O) shares fell on Friday as Wall Street sees more pain for the media giant that posted more than $2 billion in fourth-quarter losses and cut annual profit forecast as ad market weakness persists. The uncertainty of an ad market recovery in the current market condition, with a potential recession looming, is hounding large media and tech firms such as Paramount Global (PARA.O) and Google-parent Alphabet Inc (GOOGL.O) alike. "The biggest unknown continues to be in the ad sales environment," Gunnar Wiedenfels, chief financial officer of Warner Bros Discovery said. This implies a range of $11 billion to $11.5 billion, below its previous target of $12 billion. The company reported a wider-than-expected loss of 86 cents per share in the quarter due to restructuring charges related to its merger joining Discovery Inc and AT&T (T.N) spin-off Warner Media.

☆ Warner Bros Discovery posts quarterly loss after restructuring charges
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +3 min

Feb 23 (Reuters) - Warner Bros Discovery (WBD.O) Inc on Thursday posted a $2.1 billion loss in its fourth quarter, reflecting ongoing charges related to the restructuring of the merged media companies. Warner Bros Discovery reported a loss of 86 cents per share, versus expectations of a 21-cent-per-share loss. Warner Bros Discovery said the months-long merger-related restructuring, which resulted in thousands of layoffs and canceled film and television projects, is complete. Warner Bros Discovery also said it has paid down $7 billion in debt since April. 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.

☆ Super Bowl ad hits feature 'The Flash', Disney as automakers pull back
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +2 min

Auto ads, usually among the most popular during the Super Bowl, were mostly absent this year in another sign of reduced spending by automakers grappling with a tough economy and shrinking consumer wallets. Data from research firm Edo showed that Warner Bros Discovery's (WBD.O) 45-second "The Flash" trailer with two Batmans - Michael Keaton and Ben Affleck - was 24 times more effective than the median Super Bowl LVII ad. The Super Bowl is one of the most lucrative hours for advertisers hoping to grab the attention of over a 100 million people watching the game. On Sunday, the Kansas City Chiefs secured a dramatic 38-35 win over the Philadelphia Eagles to claim their second Super Bowl victory in four years. The average cost of a 30-second Super Bowl spot this year was about $7 million, an 84% surge from ten years ago, data from Statista showed.

☆ Fur flies as dogs like Tom Barky prepare for the Puppy Bowl
▼ + stars: | 2023-02-09 | by ( Alicia Powell | ) www.reuters.com time to read: +1 min

Feb 9 (Reuters) - Over 100 puppies from around the United States and Caribbean have suited up for the 19th annual Puppy Bowl that will air opposite of the Super Bowl on Sunday. This year Warner Bros Discovery's (WBD.O) the Animal Planet network worked with 67 shelters from 34 states and the Caribbean island of Dominica. “They've got Tom Brady, we've got Tom Barky, they've got Jalen Hurts, we got Taillon Hurts. And of course they have Josh Allen, we have Josh Allen Hounds,” said Schachner. The Puppy Bowl will be simulcast across Animal Planet, Discovery Channel, TBS, Discovery+ and HBO Max beginning at 2 p.m.

☆ Exclusive: Warner Bros Discovery licenses movies and TV shows to Roku, Tubi
▼ + stars: | 2023-01-31 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +3 min

Jan 31 (Reuters) - Warner Bros Discovery Inc (WBD.O) has reached deals with streaming services Roku Inc (ROKU.O) and Fox Corp's (FOXA.O) Tubi to license 2,000 hours of movies and TV series, as it becomes the latest media company to embrace free, ad-supported streaming TV. The streamers announced Tuesday they plan to use the content to launch Warner Bros-branded free, ad-supported TV (or FAST) channels. For the first nine months of 2022, Warner Bros Discovery's streaming business, which includes HBO Max, lost $1.38 billion. The studio is seeking to capitalize on a growing segment of the streaming universe, which industry executives see as complementing subscription streaming services. AMC Networks Inc (AMCX.O), Comcast Corp's (CMCSA.O) NBCUniversal and the National Hockey League have launched FAST channels over the last year.

Search resuls for: "Warner Bros Discovery's"

25 mentions found