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☆ Jon Steinlauf, WBD's Top Ad Salesman, to Leave. Read the Memo.
▼ + stars: | 2024-10-04 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Discovery's top ad salesman, will leave at the year's end. Steinlauf's departure follows his role in merging ad sales units after the Discovery-WarnerMedia deal. Discovery's top ad salesman, will leave the media company at the end of the year, according to an internal memo from Bruce Campbell, WBD's chief revenue and strategy officer, that was shared with Business Insider. AdvertisementSteinlauf led Discovery's ad sales business starting in 2018 under Zaslav pre-merger, having joined Discovery through its acquisition of Scripps Networks. Read the memo about Steinlauf's departure from the company below:

Persons: Jon Steinlauf, —, Bruce Campbell, Turner, WBD, Comcast's NBCU, Marybeth Strobel, Ryan Gould, David Zaslav, Steinlauf Organizations: Warner Bros, Discovery, NBA, Service, Business, CNN, HBO, Disney, Paramount, Turner Sports, Zaslav, Scripps Networks

☆ Warner Bros. Discovery partners with Google for AI-generated captions on 'Max' streaming service
▼ + stars: | 2024-09-24 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Warner Bros. Discovery is partnering with Google to integrate the internet giant's AI technology into its Max video streaming platform to automatically generate captions. Avi Saxena, chief technology officer of Warner Bros. "Working with Google Cloud to utilize Vertex AI within Warner Bros. Thomas Kurian, CEO of Google Cloud, the tech giant's cloud computing division, said that the partnership with Warner Bros.

Persons: Avi Saxena, Saxena, Thomas Kurian Organizations: Warner Bros, Discovery, Google, Max, Warner Bros . Discovery

☆ David Zaslav risked Warner Bros. Discovery's future by passing on the NBA — and the gamble might pay off
▼ + stars: | 2024-09-14 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

NBA rights proved to be a hotter commodity than many expected — seemingly including WBD CEO David Zaslav. The Charter deal is a coup for WBDWall Street has had little confidence in Zaslav and company lately. AdvertisementAfter the news that WBD had done just that with Charter, Greenfield heaped praise on WBD. As great as WBD's deal with Charter may be, Greenfield doesn't believe Zaslav is out of the woods. If Zaslav surprises the Street again with his Comcast deal, his company may have better days ahead.

Persons: —, David Zaslav, NBCU, WBD's, Max —, WBD, Rich Greenfield, LightShed, Greenfield, Turner, Craig Moffett, MoffettNathanson, Moffett, Zaslav, Brian Roberts, Matt Belloni, Greenfield doesn't, Comcast's NBCU, Charter's, Venu, Brandon Ross Organizations: Service, Warner, NBA, Business, TNT, HGTV, Food Network, Comcast, DirecTV, Warner Bros, WBD, Charter, NBC Universal, Zaslav, Puck News, —, Disney Locations: Zaslav

☆ Streaming is getting more expensive for consumers. Here's why
▼ + stars: | 2024-08-16 | by ( Justine Fisher | ) www.cnbc.com time to read: +7 min

Now, looking for a return on their content investments, Disney , Warner Bros. Disney said last week that its combined streaming services — Disney+, Hulu and ESPN+ — were profitable for the first time during its fiscal third quarter. Ahead of earnings, Disney announced it's raising streaming prices by $1 to $2 a month for Hulu, Disney+ and ESPN+. Similar to Disney, Paramount Global said last week in its quarterly earnings conference call that its streaming business, centered on flagship service Paramount+, reached profitability. Discovery said during its second-quarter earnings conference call that streaming ad revenue doubled year over year.

Persons: Jaque Silva, Mike Proulx, Disney, Bob Iger, Iger, Discovery's Max, Comcast's Peacock, Gunnar Wiedenfels, Forrester's Proulx, Proulx, Discovery's Wiedenfels, Discovery, Tim Nollen, Ted Sarandos, Sarandos Organizations: Netflix, Disney, Warner Bros . Discovery, Forrester, Hulu, ESPN, Warner Bros, Paramount, Paramount Global, Discovery, Max, Hub Entertainment Research, Getty, Media, Macquarie, Westend61 Locations: Paramount's, Peacock

Meanwhile, Mizuho raised its price target on Palo Alto Networks ahead of the company's upcoming earnings release. But Grambling shaved $4 off his price target to $47, though that still implies 57.5% upside from Monday's close. Long kept his price target unchanged at $97, which reflects just 1.8% in upside over Monday's closing price. Analyst Laurent Yoon downgraded the media stock to market perform from outperform and shaved $2 off his price target to $8. Analyst Gregg Moskowitz raised his price target on the cybersecurity stock to $380 from $350, maintaining his outperform rating.

Persons: Bernstein, Mizuho, Rollins, Wells Fargo, Jason Haas, Haas, — Alex Harring, Thomas Palmer, Palmer, Morgan Stanley, DraftKings, Stephen Grambling, Grambling, Alex Harring, Tim Long, Long, Dell, Damian Karas, Karas, " Karas, Warner, Laurent Yoon, Yoon, Discovery's Turner, Gregg Moskowitz, Moskowitz, Fred Imbert Organizations: CNBC, Warner Bros, Palo Alto Networks, Hormel Foods, Citi, Hormel, Planters, Grambling, DraftKings, Barclays, Dell, Nasdaq, UBS, Discovery, NBA, Discovery's Turner Sports, Mizuho Locations: Wells Fargo, Monday's, Southern, Grambling, Palo Alto

☆ Getting to streaming profitability doesn't mean it's replacing the TV cable bundle: Matt Belloni
▼ + stars: | 2024-08-12 | 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 EmailGetting to streaming profitability doesn't mean it's replacing the TV cable bundle: Matt BelloniMatt Belloni, Puck founding partner, joins 'Squawk Box' to discuss the state of the legacy media business, how Warner Bros. Discovery's carriage fee negotiations with Comcast could play out, future of streaming, and more.

Persons: Matt Belloni Matt Belloni, Puck Organizations: Warner Bros, Comcast

☆ Warner Bros. Discovery stock falls as it writes down $9.1 billion, misses estimates
▼ + stars: | 2024-08-07 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Warner Bros. Here is how Warner Bros. Warner Bros. Discovery's balance sheet carries a significant amount of goodwill stemming from mergers and acquisitions, namely the combination of Warner Bros. and Discovery in 2022. Warner Bros.

Persons: Discovery, Gunnar Wiedenfels, David Zaslav, Discovery's, —, Zaslav, Disney, Hulu —, Max Organizations: Warner Brothers Discovery, Turner Broadcasting, Warner Bros, LSEG, Discovery, NBA, Warner Bros . Discovery, Amazon, Revenue, TBS, TNT, Hulu, ESPN, Fox Locations: Atlanta , Georgia

☆ Charles Barkley commits to staying at Warner Bros. Discovery's TNT Sports no matter what happens to NBA
▼ + stars: | 2024-08-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

The star broadcaster and National Basketball Association Hall of Famer said Tuesday that he plans to stay with Warner Bros. Discovery 's TNT Sports even if the company doesn't emerge with NBA media rights. Warner Bros. Warner Bros. Barkley's commitment to TNT Sports likely closes the door on recreating "Inside the NBA" for another network if Warner Bros.

Persons: Charles Barkley, David Dow, Charles Barkley isn't, he's, Barkley, I've, Charles, Luis Silberwasser, Dan Patrick Show Organizations: NBA TNT, New York Knicks, Cleveland Cavaliers, Quicken Loans, Getty, TNT Sports, National Basketball Association Hall of Famer, Warner Bros, TNT, NBA, Warner Bros . Discovery, Amazon Prime, Max, Major League Baseball, NCAA, National Hockey League, United States Soccer Federation, NASCAR, Big East Locations: Cleveland , Ohio

☆ Warner Bros. Discovery sues NBA to secure media rights awarded to Amazon
▼ + stars: | 2024-07-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +4 min

Warner Bros. Warner Bros. Discovery matching rights when it signed its previous media deal in 2014. Discovery's matching rights agreement is five pages long, and the company believes it has a strong case, the people said. Owning NBA rights is valuable to the health of Warner Bros.

Persons: Max, Discovery's Turner, Discovery, That's, Luis Silberwasser Organizations: Warner Bros . Discovery, National Basketball Association, TNT Sports, TNT, NBA, Disney, Comcast, Warner Bros, Discovery's Turner Sports, Amazon, Amazon Prime, Discovery, Media

☆ 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

"Warner Bros. Warner Bros. Warner Bros. Warner Bros. Warner Bros.

Persons: Luka, Warner, Turner, NBCUniversal, Discovery's Turner, Ernie Johnson, Charles Barkley, Kenny Smith, Shaquille O'Neal Organizations: Luka Doncic, Dallas Mavericks, Boston Celtics, National Basketball Association, Warner Bros, Amazon, NBA, Disney, Turner Sports, TNT, Discovery, Amazon Prime, Comcast, Discovery's Turner Sports, Warner Bros . Discovery Locations: Boston

☆ 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

☆ 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

☆ NBA sends media terms to Warner Bros. Discovery, officially starting five-day match period
▼ + stars: | 2024-07-18 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Nathaniel S. Butler | National Basketball Association | Getty ImagesWith National Basketball Association media rights approaching final form, Warner Bros. The league has sent official terms of its proposed new media rights contacts to Warner Bros. Warner Bros. Warner Bros. Warner Bros.

Persons: Jaylen Brown, Nathaniel S, Butler, Comcast's, Discovery's Turner, Max, Ernie Johnson, Charles Barkley, Kenny Smith, Shaquille O'Neal, Barkley Organizations: Boston Celtics, Dallas Mavericks, National Basketball Association, Getty, Warner Bros, Discovery, TNT, Disney, WNBA, CNBC, Amazon, NBA, Warner Bros . Discovery, Discovery's Turner Sports, Max, Amazon's Locations: Boston

☆ David Zaslav's Warner Bros. Discovery experiment has failed, Bank of America's top media analyst says. Here are the company's 3 best paths forward.
▼ + stars: | 2024-07-17 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Zaslav, the cable-executive-turned-mogul, orchestrated the tie-up between Warner Media and Discovery after running the latter for 15 years. "The current composition as a consolidated public company is not working," Ehrlich wrote in a July 16 note. AdvertisementZaslav should reexamine his strategy and look at options that would benefit his long-suffering stock, Ehrlich wrote. 3 best blueprints for a WBD turnaroundIn the note, BofA media analysts outlined several potential paths forward for Zaslav and the company. Advertisement"We have long discussed an impending 'rebundling' in media, as the current streaming market is oversaturated and ripe for consolidation," Ehrlich wrote.

Persons: —, it's, David Zaslav, hasn't, Jessica Reif Ehrlich, Ehrlich, BofA, Bob Iger, Fox Organizations: Service, Warner Bros, Warner Media, Discovery, Business, Bank of America's, NBC, Disney, ABC, CBS, Paramount, Skydance, Max Locations: Zaslav, Hollywood

☆ Disney Has a Problem: Kids Are Watching YouTube Instead of Disney+
▼ + stars: | 2024-07-15 | by ( Lucia Moses | ) www.businessinsider.com time to read: +12 min

Kids increasingly prefer to zone out for hours watching free short-form videos instead of full-length TV episodes and movies. In April, Nielsen estimated, kids 2 to 11 watched three times as much YouTube as Disney+ content. Kids watching Disney clips on YouTube may have no need for Disney+. 5 spot for kids' entertainment on YouTube in 2023, according to Tubular, a social video analytics company. Kids preferring short-form videos on YouTube over full-length episodes and movies is a problem that Disney doesn't seem to be able to solve.

Persons: Bob Iger, Bob Chapek's, Iger, Taylor Swift, Nelson Peltz, Disney, Alexia Raven, it's, Gen Alpha, —, Liz Huszarik, Nick Macknight, King, Aladdin, Justin Timberlake, Zendaya, Ariel, Bernstein, Discovery's Max, Florida's Gov, Ron DeSantis, Macknight, Lucia Moses Organizations: Disney, Epic Games, Investors, Disney Channel, Nielsen, YouTube, Warner Bros, Discovery, Media, Comcast, Paramount, Google, Netflix, Moonbug Entertainment, Disney's, Hulu, Marvel, Lucasfilm, Florida's, Pixar, Dallas, Business Locations: WarnerMedia, Dallas

☆ Why David Ellison should think twice about abandoning Paramount+ once the Skydance merger goes through
▼ + stars: | 2024-07-12 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Read previewParamount's flagship streaming service gets less attention and respect than it deserves — including, perhaps, from its new owners. Skydance, led by aspiring media mogul David Ellison, publicly unveiled its plan to invest billions into the so-called "New Paramount." Those lines likely have employees in Paramount's streaming division shaking in their shoes. It certainly sounds like Skydance is keen on trimming spending on the service or shacking it up with another streaming service like Warner Bros. Paramount's streamer had the highest share of subscriptions added in the first quarter in the US, according to data from Antenna.

Persons: —, Skydance, David Ellison, Ellison, Discovery's Max, Max, there's, Puck's Matthew Belloni Organizations: Service, Paramount, CBS, Nickelodeon, Business, Warner Bros, Netflix, Amazon Prime Locations: Canada, Mexico, Australia, Europe, Latin America, South America

☆ Media, tech titans head for Sun Valley with streaming alliances top of mind
▼ + stars: | 2024-07-08 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +8 min

In past years, media companies chased high subscriber numbers in an attempt to best each other. Nathaniel S. Butler | National Basketball Association | Getty ImagesWith the NBA's media rights negotiations still ongoing, sports will remain a topic of conversation at this year's gathering. League commissioners, especially the NFL's Roger Goodell, are often attendees of the Sun Valley conference. Discovery has been weighing whether to match a competing offer for the media rights as the league looks to finalize smaller package deals. Sports remain the glue holding the traditional pay-TV bundle together, and has proven invaluable for streaming services, too.

Persons: Drew Angerer, Discovery's David Zaslav, Bob Iger, Dana Walden, Alan Bergman, Josh D'Amaro, Hugh Johnston, Ted Sarandos, Greg Peters, Andy Jassy, Jeff Bezos, Tim Cook, it's, Shari Redstone, Neil Begley, Redstone, David A, Barry Diller —, Paramount —, Jeff Shell, Max, Jonathan Miller, Begley, Sun, Mark Boidman, Dwyane Wade, Nathaniel S, Butler, Roger Goodell, Miller, Donald Trump, Joe Biden, Andrew Harnik Organizations: Getty Images Media, titans, Allen, Co, Warner Bros, Netflix, Apple, Amusements, Paramount Global, Paramount, Moody's Investors Services, Co . Media, Technology Conference, Grogan, CNBC, Media, Shell, Disney, Hulu, ESPN, Fox Corp, Integrated Media, Hollywood, Solomon Partners, Sports, NBA, National Basketball Association, Getty, League, Sun, NFL, YouTube, Amazon Locations: Sun Valley , Idaho, Sun, Idaho, Atlanta

☆ Paramount is hunting for a streaming partner, could kick off a wave of deals
▼ + stars: | 2024-07-01 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Paramount Global is holding talks with other entertainment companies about merging its Paramount+ streaming service with an existing platform. One of the companies that has expressed a desire to reach a deal is Warner Bros. Warner Bros. Discovery held preliminary merger talks for a deal for all of Paramount Global earlier this year, but talks didn't escalate. Warner Bros.

Persons: Chris McCarthy, McCarthy, hasn't, Max, NBCUniversal, Peacock Organizations: Paramount Global, Paramount, Warner Bros, Netflix, Hulu, ESPN, Discovery, CNBC, U.S, Wall Street Journal

☆ Max has a big loyalty problem — and it shows why WBD has been looking to team up with its rivals
▼ + stars: | 2024-06-13 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Discovery's flagship streaming service Max needs more loyal customers. The service has cut its churn rate since last year, but it still has room for improvement. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Discovery's Max can live up to its tagline of "the one to watch," the streaming service must first become "the one to not cancel." This story is available exclusively to Business Insider subscribers.

Persons: Max, — Organizations: Warner Bros, Service, HBO, Business

☆ Warner Bros. Discovery strikes 10-year deal to broadcast the French Open in the U.S.
▼ + stars: | 2024-06-11 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

Warner Bros. The deal is set to make Warner Bros. Warner Bros. Discovery-owned Eurosport has been broadcasting the French Open to 55 countries outside the U.S. since 1989, according to a press release. Meanwhile, Warner Bros. With the hangover from the Hollywood writers' strike and cost-cutting measures across the industry, including at Warner Bros.

Persons: Spain's Rafael Nadal, Germany's Alexander Zverev, Philippe, Chatrier, Roland Garros, Roland, Garros, Luis Silberwasser, Comcast's, Venu, Disney's, NBCUniversal, — CNBC's Alex Sherman Organizations: Roland, Warner Bros, TNT Sports, Garros, French Tennis Federation, Discovery, Grand, Warner Bros ., Eurosport, TNT, TBS, Comcast's NBC, Tennis, Disney's ESPN, Fox, TruTV, National Hockey League, NASCAR, U.S, Soccer, College Football, ESPN, NBA, CNBC, Hollywood, Comcast Locations: Paris, U.S, NBCUniversal

☆ 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

☆ 'All That' star Lori Beth Denberg calls out Nickelodeon executives for silencing her when she raised concerns about Dan Schneider
▼ + stars: | 2024-05-28 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

Read preview"All That" star Lori Beth Denberg is continuing to speak out about her negative experience at Nickelodeon and demanding accountability from the executives who were silent when she flagged concerns about Dan Schneider. In the interview, Denberg detailed the power imbalance in her dynamic with Schneider, the head writer of "All That," and said that he put her in several uncomfortable and inappropriate situations. Real accountability is what I'm speaking up for, so it doesn't continue to happen," Denberg added, tagging the Instagram accounts for Robbins, Hecht, Paramount Pictures, and Nickelodeon. Matt Sayles/Invision/APFollowing the conversation with Robbins, Denberg said that she had a meeting with Hecht, the then-president of Nickelodeon Entertainment, in 2000. Denberg didn't tell Robbins or Hecht about her sexual encounters with Schneider but reiterated her concern for Bynes.

Persons: —, Lori Beth Denberg, Dan Schneider, Denberg, Brian Robbins, Albie Hecht, BRIAN ROBBINS, ALBIE HECHT, Kate Taylor, Schneider, Robbins, Hecht, Discovery's, Taylor, Amanda Bynes, Bynes, gaunt, Matt Sayles, Invision Organizations: Service, Nickelodeon, Business, Paramount Pictures, Robbins Productions, Galen, Nickelodeon Entertainment, Spike, Paramount Global Locations: Los Angeles

☆ Warner Bros. Discovery's NBA rights offer could put it in competition with Amazon, not NBC
▼ + stars: | 2024-05-23 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Warner Bros. It's the latest turn in what's been a relatively messy renegotiation for Warner Bros. Warner Bros. Warner Bros. Spokespeople for the NBA, Warner Bros.

Persons: Jalen, what's, Warner's Turner, David Zaslav, hasn't, NBCUniversal Organizations: Jalen Brunson, New York Knicks, Indiana Pacers, Warner Bros, National Basketball Association, Disney, Warner's Turner Sports, NBA, Discovery, —, Warner Bros ., Amazon Locations: Madison, New York City , New York

☆ Warner Bros. Discovery and ESPN strike 5-year deal for College Football Playoff games
▼ + stars: | 2024-05-22 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Discovery has signed a five-year sublicensing deal with Disney's ESPN to broadcast first-round and quarterfinal College Football Playoff games. Warner Bros. Disney is paying about $1.3 billion per year for rights to the entire College Football Playoff. The new 12-team College Football Playoff slate debuts in December, replacing a four-team tournament that began in 2014. "It is exciting to add TNT Sports, another highly respected broadcaster, to the College Football Playoff family," Bill Hancock, executive director of the College Football Playoff, said in a statement.

Persons: Bill Hancock Organizations: ESPN, State Sugar, Texas Longhorns, Washington Huskies, Caesars, Warner Bros, Discovery, College Football, TNT, Disney, Football, TNT Sports Locations: New Orleans, LA

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