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☆ Zaslav Receives $50 Million for Leading Struggling Warner Bros. Discovery
▼ + stars: | 2024-04-19 | by ( Brooks Barnes | ) www.nytimes.com time to read: +1 min

David Zaslav, the chief executive of Warner Bros. Mr. Zaslav’s compensation for 2023 is notable, however, because Warner Bros. In addition, Warner Bros. Discovery shareholders sent a clear message about Mr. Zaslav’s pay at the company’s most recent annual meeting: It’s too high. In a nonbinding “say on pay” vote, only 50.8 percent of shareholders approved of the $39.3 million he was paid in 2022.

Persons: David Zaslav, Zaslav’s Organizations: Warner Bros, Securities and Exchange Commission, Revenue, CNN, Discovery, ISS

☆ Warner Bros.' boss made bank last year, despite the Hollywood strikes
▼ + stars: | 2024-04-19 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Warner Bros. Zaslav's compensation increased despite actors' and writers' strikes, topping his 2022 earnings. Warner Bros. reported losses for the year despite Zaslav's increased compensation. The CEO of Warner Bros. Related storiesDespite both the actors' and writers' strikes that lasted nearly 4 and 5 months respectively, Zaslav's pay for the year went up.

Persons: David Zaslav, — Organizations: Warner Bros, Discovery Inc, Service, WarnerMedia, Street Journal

☆ Why the DC Universe reboot could give WBD's streaming business a much-needed jolt
▼ + stars: | 2024-04-05 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

However, WBD's upcoming reboot of the DC universe may help move the needle for Max, according to Bank of America lead media analyst Jessica Reif Ehrlich. AdvertisementWBD is now rebooting its superhero franchise with the DC Universe, or DCU for short, which will have films with interconnected storylines like Marvel has. Reif Ehrlich said new DC films and series could be cross-sold across Max, cable, and free, ad-supported streaming TV channels. AdvertisementAlthough WBD's cable channels are suffering as millions of US households cut the cord, Reif Ehrlich said this dual-distribution method is an effective marketing mechanism. "WBD can employ this same playbook to promote the launch of the new DC universe and other high-value content," Reif Ehrlich wrote.

Persons: —, WBD's, HBO Max, Max, Jessica Reif Ehrlich, WBD, Marvel, James Gunn —, Reif Ehrlich, Kate Taylor, David Zaslav Organizations: Service, Warner Bros, Netflix, HBO, Warners, Nielsen, Business, Bank of America, Disney, Marvel, DC, DCU, Max, Hollywood, HGTV, Food Network

☆ It's a do-or-die moment for debt-riddled Warner Bros. Discovery's live-sports strategy as it vies for NBA rights
▼ + stars: | 2024-03-08 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

WBD generated $6.2 billion of free cash flow through 2023 and likely shelled out around $1.4 billion of that for NBA games. Analysts estimate that figure would be closer to $2 billion if WBD re-ups its NBA package. WBD wants a big NBA deal, despite Wall Street's wishesSixteen months ago, Zaslav said WBD didn't "have to have" the NBA. NBA ratings have been lackluster lately, with national TV games averaging 1.6 million viewers in the last two seasons. Zaslav's latest public remarks on the NBA negotiations reflect that.

Persons: —, Shaquille O'Neal, Charles Barkley, Tim Nollen, Max, Jason Bazinet, WBD, David Zaslav, it's, Jessica Reif Ehrlich, Wall, Zaslav, John Hodulik, Chuck, Ernie Johnson Organizations: Service, Basketball Hall of Famers, NBA, TNT, ESPN, Warner Bros, Business, Media, Amazon, NBC, Comcast, Apple, Netflix, WWE, Macquarie, Disney, Fox, Cable, Citigroup, Warners, of America, Street, Zaz, UBS Locations: Shaq

☆ The Oscars Give Hollywood a Chance to Celebrate. After That? It’s Grim. - The New York Times
▼ + stars: | 2024-03-01 | by ( Mark Harris | ) www.nytimes.com time to read: +2 min

The Oscars are the climax of an awards season that’s a prolonged exercise in collective congratulation, and in early March the rest of the year still looks bright. The Sundance Film Festival and its attendant bidding wars have wrapped up, offering nothing but promise and excitement. At the box office, the biggest bets of the year have typically not yet opened and thus have not yet bombed. For Hollywood, 2023 was not so much a disaster as a preview of disasters to come. That fury persists: Each new headline about the huge compensation package for Robert Iger, Disney’s chief executive, or decisions by David Zaslav, the chief executive of Warner Bros.

Persons: that’s, blithely, Robert Iger, David Zaslav Organizations: Sundance Film, Hollywood, Warner Bros

☆ Warner Bros. Discovery halts merger talks with Paramount Global, sources say
▼ + stars: | 2024-02-27 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Discovery David Zaslav speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City. Warner Bros. Warner Bros. Warner Bros. Paramount Global is also trading close to a 52-week low as it prepares to announce its earnings Wednesday.

Persons: David Zaslav, David Ellison, Byron Allen, isn't, Bob Bakish, Tom Rogers Organizations: Warner Bros, New York Times, Paramount Global, Skydance Media, Media, Comcast, CNBC, Paramount, Wall Street, Warner Bros . Discovery, Discovery Locations: New York City

☆ The big question facing Warner Bros. Discovery is whether it can grow, says Tom Rogers
▼ + stars: | 2024-02-26 | 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 EmailThe big question facing Warner Bros. Discovery is whether it can grow, says Tom RogersTom Rogers, Oorbit Gaming executive chairman and former NBC Cable president, joins 'Squawk Box' to discuss Warner Bros. Discovery's quarterly earnings results, the challenges facing the company and CEO David Zaslav, the streaming landscape at large, and more.

Persons: Tom Rogers Tom Rogers, David Zaslav Organizations: Warner Bros, Oorbit Gaming, NBC Cable

☆ Warner Bros. Discovery misses estimates for revenue and profit but boosts free cash flow
▼ + stars: | 2024-02-23 | by ( Alex Sherman | ) www.cnbc.com time to read: +1 min

Discovery missed analyst targets for both profit and revenue in the fourth quarter but boosted free cash flow as its streaming service Max ended 2023 profitable for the first time. Discovery generated $3.31 billion in free cash flow in the fourth quarter and ended 2023 with $6.16 billion in free cash flow, up 86% from a year prior. Chief Executive Officer David Zaslav has prioritized boosting free cash flow and shrinking the company's debt. Discovery paid down $1.2 billion of debt in the quarter and $5.4 billion in debt in 2023. Here's what the company reported for the quarter ended Dec. 31, versus analysts' estimates, according to LSEG, formerly known as Refinitiv:

Persons: Max, David Zaslav, Zaslav Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, Warner Bros, Discovery, Max, Disney, Comcast, Paramount Global Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S

☆ Warner Bros. Discovery is hyping free cash flow. Investors don't appear to be buying it
▼ + stars: | 2024-02-23 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Discovery investors are The Bobs, Chief Executive Officer David Zaslav is Tom and the disconnect he's worked up about is free cash flow. Discovery on Friday said it generated $3.3 billion in free cash flow during the fourth quarter and ended the year with $6.2 billion in free cash flow, up 86% from a year prior. For more than year, Zaslav has repeatedly told the investment community that his priority is to boost free cash flow to improve the health of the company and to pay down debt. Discovery has paid down $12.4 billion in debt in less than two years since announcing the merger of Discovery and WarnerMedia. We said we were going to generate meaningful free cash flow.

Persons: David Zaslav, Bob, Tom, Zaslav Organizations: Warner Bros . Discovery, Warner Bros, Discovery

☆ HBO is making it harder to watch John Oliver for free — the opposite of what Comedy Central is doing with Jon Stewart
▼ + stars: | 2024-02-20 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Discovery is delaying "Last Week Tonight" YouTube streaming to push viewers to Max. Every Sunday night, John Oliver hosts "Last Week Tonight" on cable TV. When it plays on YouTube, where HBO runs it without ads, it doesn't make any money. So hoping that making "Last Week Tonight" a little harder to see for free fits pretty easily into that pattern. AdvertisementThe move also runs counter to the way TV networks are treating comedy #content in general.

Persons: Max, —, Jon Stewart, John Oliver, Oliver, — John Oliver, @iamjohnoliver, David Zaslav, I've Organizations: Warner Bros, YouTube, Service, Warner Bros Discovery, HBO, MAX, Netflix, Big, Max Locations: YouTube's

☆ Paramount Global to lay off 800 employees after record Super Bowl ad revenue and ratings
▼ + stars: | 2024-02-13 | by ( Liam Reilly | ) edition.cnn.com time to read: +2 min

CNN —Paramount Global, the owner of broadcast and cable TV networks, announced Tuesday it will lay off hundreds of staffers as the media giant looks to reduce costs and grow revenue. The news comes just days after its CBS network saw record-breaking advertising sales and the highest-rated telecast for the Super Bowl. The company’s chief executive, Bob Bakish, announced the layoffs in a memo to employees Tuesday obtained by CNN. While Bakish did not specify the number of layoffs, sources familiar with the matter told CNN around 800 employees, or roughly 3% cut of the company’s workforce, will be affected. Paramount is the latest media conglomerate to lay off staffers in 2024.

Persons: Bob Bakish, Bakish, —, ” Bakish, Shari Redstone, David Zaslav, David Ellison’s Skydance, Condé Nast Organizations: CNN, Paramount Global, CBS, Super, National, Warner Bros, Discovery, RedBird, Paramount, Bloomberg, Los Angeles Times, TIME, Business, Condé, Forbes, The New York Daily News

☆ The job market for startups and Big Tech is in a weird spot
▼ + stars: | 2024-02-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyCareer makersInflection AI, Maven, Forage, The GrandWhich startup would you recommend a friend or family member should work at? That was the prompt for Business Insider's VC and startups team as it compiled a list of early-stage companies to bet your career on . The list doesn't have specific parameters, Leena Rao, the deputy editor of BI's VC and startups team, told me. With so much money pouring into AI startups, founders' attention will naturally be drawn to the tech when thinking about their next project. Meanwhile, the volatility among startups comes at a time of broader instability for the tech industry.

Persons: —, Elon Musk, Taylor Swift, Leena Rao, Maven, Alyssa Powell, Ben Bergman, there's, Moody's, Paul Tudor Jones, We've, Jenny Chang, Rodriguez, OpenAI, Samantha Stokes, Andrea Chronopoulos, Bob Iger, Lachlan Murdoch, David Zaslav, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Business Insider's, Big Tech, Meta, Flagstar Bank, Facebook, YouTube, Google, BI, ESPN, Warner Bros, Fox, Walt Disney Company Locations: NYCB, New York, London

☆ The 6 biggest questions about ESPN, Fox, and WBD's new sports streamer
▼ + stars: | 2024-02-07 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +4 min

ESPN parent Disney and Fox report earnings on Wednesday, and more answers could be on the way. Here are six of the biggest questions coming out of the new announcement:How much will it cost? This new streamer could be the thing that finally kills cable TV. If they believe it has promise, could it give ESPN, Fox, and WBD more bargaining power in sports-right negotiations and greater ability to shoulder the sky-high costs? Will this new streamer come to the negotiating table for more sports rights to pad out its offering?

Persons: Bernstein, Paul Verna, Brian Weiser, there's, Disney's Bob Iger, Fox's Lachlan Murdoch, WBD's David Zaslav Organizations: ESPN, Disney, Fox, CNBC, YouTube, NBC, English Premier League —, Insider Intelligence, Business, Hulu, Netflix, JV, Amazon Locations: Madison, Disney's

☆ New sports streaming bundle could be a 'monster' — or a dud. Here are the biggest remaining questions
▼ + stars: | 2024-02-07 | by ( Alex Sherman | ) www.cnbc.com time to read: +9 min

The service will launch this fall and cater to sports fans who don't subscribe to the traditional cable bundle. One person associated with the launch of the new venture told CNBC the platform will be "a monster" and massively disrupt cable TV. Cable TV has been relegated to an add-on that helps keep people subscribing to high-speed internet. The cable bundle has largely survived because it still contains exclusive live news and sports. Previously, the only way for cord cutters to get ESPN outside the cable bundle would have been that coming service.

Persons: LeBron James, Jevone Moore, it's, Lachlan Murdoch, NBC's Peacock, Bob Iger, Rich Greenfield, Max, David Zaslav's, There's, David Zaslav, Lightshed's Rich Greenfield Organizations: Los Angeles Lakers, NBA, Los Angeles Clippers, Crypto.com Arena, Warner Bros . Discovery, Fox, Disney's ESPN, Comcast, DirecTV, CNBC, YouTube, Charter, Cable, Verizon, Mobile, Satellite, Google, Hulu, Live, Disney, Warner Bros, NBC, CBS, National Football League, Paramount, ESPN, Fox News, CNN, MSNBC, Wall Street, Financial Times, TNT, TBS, HGTV, Discovery, Paramount Global Locations: Los Angeles

ESPN, Fox and Warner Brothers Discovery announced plans on Tuesday to launch a sports streaming platform in the fall that will include offerings from at least 15 networks and all four major professional sports leagues. “This new sports service exemplifies our ability as an industry to drive innovation and provide consumers with more choice, enjoyment and value and we’re thrilled to deliver it to sports fans,” Warner Brothers Discovery CEO David Zaslav said in a statement. Photos You Should See View All 45 ImagesIt will include offerings from 15 linear networks — ESPN, ESPN2, ESPNU, SEC Network, ACC Network, ESPNEWS, ABC, FOX, FS1, FS2, Big Ten Network, TNT, TBS, truTV — and ESPN+. The announcement of the bundle also comes as ESPN and Warner Brothers Discovery are preparing to enter negotiations to renew their NBA rights, which expire at the end of next season. ESPN has also been searching for strategic partners as it prepares to launch a direct-to-consumer product in the next year or two.

Persons: ”, David Zaslav, truTV —, “, Lachlan Murdoch, Bob Iger Organizations: ESPN, Fox, Warner Brothers Discovery, ” Warner Brothers Discovery, NFL, NBA, MLB, NHL, WNBA, NASCAR, FIFA, ESPN2, ESPNU, SEC Network, ACC Network, ABC, FOX, Big Ten Network, TNT, TBS, Disney, ” Fox, ” Walt Disney Company Locations: Hulu

☆ Wait. This guy wants to spend $14 billion on … Paramount?
▼ + stars: | 2024-01-31 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Media entrepreneur Byron Allen says he wants to buy Paramount for $14.3 billion. Who wants to buy a big TV company these days, anyway? But investors still think it's worth less than $10 billion — meaning they don't think Allen Media is really going to end up owning Paramount. AdvertisementOne answer may simply be skepticism about Allen Media Group and its owner, TV personality-turned-entrepreneur Byron Allen. But no one, to date, has suggested that Paramount is worth anything close to $14 billion.

Persons: Byron Allen, —, Allen Media Group didn't, David Zaslav, Bob Bakish, It's, Robert Fishman dryly, Shari Redstone, David Ellison, who's, Larry Ellison, Allen Organizations: Paramount, Service, Allen Media Group, CBS, MTV, Comedy Central, Allen Media, Weather Channel, ABC, BET, Denver Broncos, Bloomberg, Street Journal, Comcast, Warner Bros Discovery, Apple, Netflix, Biden, Viacom

☆ How Warner Bros. Discovery's games chief plans to build on 'Hogwarts Legacy' and give the company more much-needed wins
▼ + stars: | 2024-01-22 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Discovery's gaming division is on a winning streak with two of the biggest console games in 2023: "Hogwarts Legacy," the year's No. David Haddad is WBD's long-running games chief and the rare top WarnerMedia executive who survived the merger with Discovery (as well as the AT&T ownership era). In an interview with Business Insider, Haddad, who is president of Warner Bros. Interactive Entertainment — a position he's held since 2015 — framed the challenge and how he plans to keep WBD games' streak going. It can take the form of new events to keep people playing a strategy game like "Game of Thrones: Conquest" or new characters and tournaments in a fighting game like "Mortal Kombat." WBD's success with games separates it from other legacy media companies that have stumbled in the arena, most notably Disney.

Persons: —, execs, David Haddad, Haddad, We're, Harry Potter, it's, They've, Michael Pachter, Shaggy, David Zaslav, people's, Jefferies, Andrew Uerkwitz, LightShed, Haddad wouldn't, we've Organizations: Service, Warner, Business, Discovery, Warner Bros, Interactive Entertainment, Wedbush Securities, Disney, Netflix, Thrones, EA, Embracer Locations: WarnerMedia

☆ Warner Bros. Discovery's games chief shares plans to capitalize on 'Hogwarts Legacy' and boost the division's growth
▼ + stars: | 2024-01-16 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Discovery's gaming division is on a winning streak with two of the biggest console games in 2023: "Hogwarts Legacy," the year's No. In an interview with Business Insider, Haddad, who is president of Warner Bros. Interactive Entertainment — a position he's held since 2015 — framed the challenge and how he plans to keep WBD games' streak going. It can take the form of new events to keep people playing a strategy game like "Game of Thrones: Conquest" or new characters and tournaments in a fighting game like "Mortal Kombat." WBD's success with games separates it from other legacy media companies that have stumbled in the arena, most notably Disney. Nevertheless, analysts have speculated that given its past success and need for growth, WBD could buy another gaming company such as EA or Take-Two Interactive.

☆ Here's what Wall Street wants to see from Hollywood this year
▼ + stars: | 2024-01-10 | by ( Sarah Whitten | ) www.cnbc.com time to read: +5 min

But Wall Street is worried that hero may never come for Hollywood. Yet, Wall Street still isn't satisfied. Warner Bros. Wall Street wants a solution, or, at the very least, a company to set the stage for a potential solution. watch nowConsider M&A difficultiesMergers and acquisitions present another path to a bigger bundle, but Wall Street isn't sure there will be a big deal in 2024.

Persons: Doug Creutz, Creutz, Michael Nathanson, MoffettNathanson, Rafael Henrique, Lightrocket, Nathanson, Shari Redstone, David Zaslav, Bob Bakish, Barbie Organizations: Getty, Hollywood, Disney, Warner Bros, Discovery, Comcast, Paramount Global, Netflix, Companies, Warner Bros . Discovery, Paramount, Cowen, Century Fox, Amusements, Comcast's, Universal

☆ 2024 is shaping up to be the year of the streaming bundle
▼ + stars: | 2023-12-26 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022. Still, the age of the cable bundle is giving way to the era of a new kind of bundle that could give both streamers and cable providers a path forward. Media executives told CNBC this month that 2024 could finally be the year that media companies get serious about the bundle. Discovery, earlier this year predicted more integration of streaming services into cable bundles. Despite the demand for a streaming bundle, top players have historically been apprehensive to make such a deal.

Persons: Tim Nollen, Chris Winfrey, Nollen, John Malone, who's, Bob Bakish, David Zaslav Organizations: Disney, Netflix, Media, CNBC, Macquarie, Charter Communications, National Football League, ESPN, Charter's, Liberty Media, Warner Bros, Paramount, Discovery, Companies Locations: Los Angeles

☆ The risks and rewards of a Warner Bros. Discovery and Paramount merger
▼ + stars: | 2023-12-21 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

With Warner Bros. Discovery and Paramount in talks for a potential merger, that could one day become the reality. Warner Bros. Buying Paramount would not help Warner Bros. Discovery’s effort to unwind its debt burden: Paramount has $15.7 billion in debt, a total that has barely budged all year. Since news of the potential deal broke on Wednesday afternoon, shares of Warner Bros.

Persons: ”, David Zaslav, Bob Bakish, you’d, Jack Kranefuss, ” Kranefuss, ” Derren Nathan, Hargreaves Lansdown, Spokespeople, Kranefuss Organizations: New, New York CNN, Warner Bros . Discovery, Paramount, Paramount Global, CNN, Fitch, Consumers, Warner Bros, Discovery, Black Entertainment Television, CBS Locations: New York

Warner Bros. Discovery and rival Paramount Global are in early merger talks, sources familiar with the matter told CNBC. Warner Bros. Warner Bros. Warner Bros.

Persons: David Zaslav, Bob Bakish, Shari Redstone, David Ellison's Skydance, Gerry Cardinale's, Liberty Media's John Malone, Joe Biden's, There's, Axios, — CNBC's Drew Richardson Organizations: Warner Bros . Discovery, Paramount Global, CNBC, Warner Bros, Discovery, Paramount, Redstone, Amusements, CBS, Warner Media, Netflix, Liberty, Media, Morris Trust, Comcast, CNBC PRO

☆ Warner Bros. Discovery merger talks with Paramount Global may draw out NBCUniversal
▼ + stars: | 2023-12-20 | by ( Alex Sherman | ) www.cnbc.com time to read: +1 min

That's where Warner Bros. Warner Bros. But maybe Warner Bros. While smaller than Warner Bros. or Universal, Paramount is still a top five studio most years. If Comcast spins out NBCUniversal to merge with Warner Bros.

Persons: Shari Redstone, David Zaslav, Bob Bakish Organizations: Warner Bros, Discovery, Paramount Global, Warner Bros . Discovery, Apple, Netflix, YouTube, Google, Comcast, Universal, Paramount, MSNBC, CNN

☆ Big M&A and Bob Iger's future: 13 media executives make their anonymous 2024 predictions
▼ + stars: | 2023-12-20 | by ( Alex Sherman | ) www.cnbc.com time to read: +14 min

Executive 2: Bob Iger will, again, extend his contract as Disney CEO Earlier this year, Disney CEO Bob Iger renewed his contract through 2026. This executive predicted "fool me five times, shame on me." This executive predicted Peltz and Rasulo will win their campaign and both join the board. This person predicted Disney would purchase privately held Candle Media to acquire Moonbug Entertainment, the owner of CoComelon. This executive predicted Yaccarino would either lose patience or find her job increasingly pointless and leave the company in 2024.

Persons: Andrew Ross Sorkin, Walt Disney Company Bob Iger, Michael M, David Zaslav, Slaven Vlasic, NBCUniversal, Brian Roberts, Roberts, Donna Langley, Bob Iger, Iger, Nelson Peltz, Jay Rasulo, Marco Bello, Peltz, Rasulo, Disney's, Dana Walden, Dana Walden Jason Laveris, Disney Entertainment Dana Walden, Walden, Bob Chapek, Andrew Wilson, Wilson, Chris Licht wouldn't, McCarthy, Andrew Wilson Michael Newberg, Kevin Mayer, Mayer, Bryan van der Beek, Tom Staggs, Staggs, Jayson Tatum, Kyle Terada, NBCUniversal's Peacock, Alec Martinez, Gray, Discovery's Max, Jeff Zucker, Lady Michelle Obama's, Michelle Obamas, Cheriss, Gerry Cardinale, Jeff Shell, RedBird, Shari Redstone's, David Ellison, Byron Trott, Zucker, Mark Thompson, Linda Yaccarino, X Linda Yaccarino, Vox, Jerod Harris, Yaccarino, CNBC's Julia Boorstin, Boorstin, Elon Musk's, Jason LaVeris, Barbie, Mario, Oppenheimer, LightShed's Greenfield Organizations: Walt Disney Company, New York Times, Santiago, Getty, Jazz, Lincoln Center, Warner Bros ., Comcast, Warner Bros, Discovery, Disney, Trian Fund Management, Future Investment Initiative, Summit, Bloomberg, Filmmagic, Disney Entertainment, Electronic Arts, CNBC, Candle Media, Iger, Media, Moonbug Entertainment, Apple Boston Celtics, Golden State Warriors, USA, National Basketball Association, NBA, Apple, The College, ESPN, College, NHL, MLB, Vegas Golden Knights, Florida Panthers, Mobile, National Hockey League, Diamond Sports Group, Scripps, Gray Television, Las Vegas Golden Knights, Arizona Coyotes, Phoenix Suns, Street Journal, Netflix, Hulu, Max, Paramount, RedBird, Paramount Global, CNN Worldwide, CNN, NurPhoto, BDT, The Ritz, Carlton, FilmMagic, Mario Bros Locations: New York City, Disney, Miami , Florida, Las Vegas , Nevada, Laguna Niguel, Dana Point , California

☆ Will 2024 bring good tidings to media and telecom companies? That's unlikely
▼ + stars: | 2023-12-19 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

Still, legacy media companies including Disney, Paramount Global, Warner Bros. Since the "Great Netflix Correction" of 2022, there isn't a unifying growth narrative for media and entertainment companies. Disney, Paramount Global and NBCUniversal have all pegged 2025 as their flagship streaming services' first full year of profitability. Beyond financial metrics, several executives privately acknowledged morale has become an increasing concern at legacy media companies. One executive noted he's increasingly hearing from peers that running media and entertainment companies just isn't as fun as it was five or 10 years ago.

Persons: Corey Martin, Granderson Des Rochers, Martin, Jerome Powell, Liu Jie, Shari Redstone, David A, CNBC Shari Redstone, Biden, Sinclair, Lina Khan, Joe Biden, Khan, There's, John Harrison, Brian Roberts, Drew Angerer, Donald Trump, Trump, David Zaslav, Michael M, Disney, Nelson Peltz, Jay Rasulo, Bob Iger, he's, LightShed's Rich Greenfield Organizations: Universal Studios, Warner Bros . Discovery, Disney, Paramount Global, Comcast, Granderson, U.S, Federal, Washington , D.C, Xinhua News Agency, Getty, Treasury, Federal Reserve, Allen, Co . Media, Technology Conference, Grogan, CNBC, Trump, Nexstar, Gray Television, Federal Trade, Verizon, Mobile, NBCUniversal, CBS, NBC, EY, Allen & Company Sun Valley Conference, Trump's Department, Justice, Time Warner, Republican, Democratic, Netflix, Cable, Warner Bros, New York Times, Santiago, Getty Images Media, Management, Paramount Locations: Washington ,, United States, Sun Valley , Idaho, Tegna, Europe, U.S, EY Americas, New York City

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