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Discovery's Max was supposed to become a Netflix killer when it rolled out a year ago. It combined HBO Max's prestige originals with Discovery+'s reality TV fare to capture viewers as they migrate away from WBD's bedrock traditional TV business. Related storiesGiven its low penetration, it's possible that Max can add tens of millions of subscribers, he said. WBD execs hope the crackdown will encourage people to subscribe to the three-in-one bundle of Max, Disney+, and its sister app, Hulu. While the overlap between Netflix and Disney+ is high, about half of Disney+ subscribers don't subscribe to Max, and vice versa, so each has a chance to significantly increase its audience.
Persons: , Discovery's Max, WBD, Max, hasn't, JB Perrette, Perrette, We're Organizations: Service, Warner, Netflix, HBO, Disney, Hulu, Business, Nielsen, Vodafone, Amazon, Paris Olympics, Cartoon Network Locations: WBD, Orange
The league ended its exclusive window to renew a deal with its two current media partners, Disney and Warner Bros. Warner Bros. Warner Bros. Warner Bros. Warner Bros.
Persons: Adam Silver, it's, NBCUniversal, NBCUniversal's, Warner, David Zaslav, Organizations: National Basketball Association, Warner Bros, Turner Sports, Comcast, CNBC, Disney, NBA, Discovery, Warner Bros . Discovery Locations: Cleveland , Ohio
The WNBA regular season opens Tuesday night with breakout star Caitlin Clark making her debut as point guard for the Indiana Fever. Following Clark's debut at 7:30 pm ET against the Connecticut Sun, Disney+ will stream the Phoenix Mercury vs. Las Vegas Aces matchup. Discovery's exclusive TV rights for NBA games is currently under negotiation. The WNBA's existing media rights deal expires in 2025. "They covet younger fans, and this is how younger fans view their sports these days, it is through streaming," Rishe told CNBC's "Worldwide Exchange" Tuesday.
Persons: Caitlin Clark, Destanni Henderson, Clark, It's, Engelbert, Patrick Rishe, Rishe, CNBC's, Lionel Messi Organizations: Indiana, Atlanta, WNBA, Gainbridge Fieldhouse, Indiana Fever, Disney, Connecticut Sun, Phoenix Mercury, Las Vegas Aces, ESPN, Warner Bros . Discovery, Fox Corp, Warner Bros, NBA, Sports Business, Washington University's Olin Business School, Apple, Major League Soccer, Apple TV Locations: Gainbridge, Indianapolis , Indiana, Iowa
And while WBD's $0.40-per-share loss was 4 cents better than last year, it was still lower than analysts had hoped for. Warners added about 2 million net streaming subscribers globally in the first quarter, bringing its total to 99.6 million. There's a simple explanation for WBD's streaming ad growth despite modest subscriber additions: the advent of live sports on Max. As impressive as WBD's burgeoning streaming ad business looks now, it may be nothing more than a blip if Comcast's NBC outbids TNT for NBA media rights in the league's next TV deal. Suddenly, it seems like Zaslav is taking an even bigger risk by playing hardball with the NBA.
Persons: Discovery's, David Zaslav, Max, Warners, WBD, it's Organizations: Warner Bros, Business, NBA, Warners, Max, MLB, NHL, NBC, TNT, Media, UBS, hardball
In this article WBD Follow your favorite stocks CREATE FREE ACCOUNTIn this photo illustration, the Warner Bros. Here is how Warner Bros. Discovery performed, compared with estimates from analysts surveyed by LSEG: Loss per share: 40 cents vs. 24 cents loss expected40 cents vs. 24 cents loss expected Revenue: $9.96 billion vs. $10.231 billion expected Warner Bros. Warner Bros. While NBCUniversal holds the U.S. rights for the Olympics, airing the games on its TV networks and Peacock streaming service, Warner Bros.
Persons: Rafael Henrique, Discovery, , Max, Hulu —, I've, David Zaslav, Zaslav, NBCUniversal, Discovery's Max Organizations: Warner Bros, Getty, Discovery, TNT, Justice League, Disney, Hulu, CNBC, Warner Bros . Discovery, Fox Corp, Sports, NBA, Olympics Locations: U.S, Paris, Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe root problem facing streamers is the lack of daily usage, says LightShed's Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss Warner Bros. Discovery's quarterly earnings results, whether the company can retain its NBA rights, the new streaming bundle with Disney+ and Hulu, state of the streaming landscape, and more.
Persons: LightShed's Rich Greenfield Rich Greenfield Organizations: LightShed Partners, Warner Bros, NBA, Disney Locations: Hulu
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOakmark's Tony Coniaris reacts to Warner Bros. Discovery's Q1 missTony Coniaris, Oakmark portfolio manager, joins CNBC's 'Money Movers' to discuss Warner Brothers Discovery Q1 earnings, streaming bundle with Disney, top stock picks, and more.
Persons: Tony Coniaris Organizations: Warner Bros, Warner Brothers Discovery, Disney
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Discovery's TNT is dangerously close to being left out of the NBA's next TV deal after rival NBC made a massive offer, according to a recent report from The Wall Street Journal. A source familiar with the negotiations told Business Insider that a deal hasn't been finalized and offers are always changing. Still, it's not clear that paying an average of $2.5 billion a year for NBA rights will be profitable. AdvertisementJoe Bonner, a media analyst at Argus Research, has been under the assumption that WBD can and will retain NBA rights even though its cable-TV revenue is steadily shrinking.
Persons: , hasn't, NBA hasn't, Craig Moffett, Peacock, Moffett, it's, Joe Bonner, Bonner Organizations: Service, Warner Bros, TNT, NBC, Wall Street Journal, Business, NBA, ESPN, Amazon, Puck, Comcast, Argus Research
Los Angeles Lakers forward LeBron James, #23, during the NBA game between the Los Angeles Clippers and the Los Angeles Lakers at Crypto.com Arena in Los Angeles on Jan. 7, 2024. The National Basketball Association's exclusive media rights negotiating window with current partners Disney and Warner Bros. While no agreement is expected to be announced by the deadline, Disney and Warner Bros. Warner Bros. Discovery's TBS began airing NBA games in 1984, and TNT has shown NBA games since 1988.
Persons: LeBron James Organizations: Los Angeles Lakers, NBA, Los Angeles Clippers, Crypto.com Arena, Disney, Warner Bros, Apple, YouTube, Comcast, Netflix, CNBC, Discovery, TBS, TNT, ESPN, ABC, Fox Locations: Los Angeles
Bates, the first Black female cast member of "All That," was a series regular during the first two seasons of the sketch comedy show. Even though it's been years since she worked at Nickelodeon, she still speaks out about her experience at the network. My name is Angelique Bates and I am an adult survivor of child abuse and this is my story." In an Instagram post shared days after the premiere of "Quiet on Set," Bates explained why she was a no-show. JOCE/Bauer-Griffin/GC ImagesEven though Bates didn't appear in "Quiet on Set," she's participated in some recent interviews.
Persons: , Angelique Bates, Bates, it's, she's, Rodin Eckenroth, Kate Taylor, Dan Schneider, Schneider, Dan's, Giovonnie Samuels, Bryan Hearne, didn't, Hollywood Angelique Bates, Bauer, Griffin, Bates didn't Organizations: Service, Nickelodeon, Kids, Business, Child Protection, CPS, SAG, Warner Bros . Studios, JOCE, The Locations: Hollywood, Burbank , California
After a 2013 investigation, Schneider started giving notes to actors on "Sam & Cat" from his office, instead of directly interacting with them. As for his relationships with the actors, Schneider said, "I never interacted with actors in any way, texting or otherwise, that should make anyone uncomfortable." March 17 and 18, 2024: ID releases the 4-part docuseries 'Quiet on Set' across 2 nights, detailing the dark side of NickelodeonDrake Bell in episode two of the Investigation Discovery docuseries "Quiet on Set: The Dark Side of Kids TV." AdvertisementNikolas slammed Schneider's apology in a reaction video uploaded on YouTube on Tuesday. Nikolas wasn't the only former Nickelodeon star who criticized Schneider's apology.
Persons: , Dan Schneider, Schneider, Drake, Josh, Nickdeleon, he's, Dan Schneider Dan Schneider, Beverly Hilton, Brian, Sam, Henry Danger, The New York Times Dan Schneider, Eric Vitale Eric Vitale, Jennette McCurdy, Schneider's, McCurdy, Sam Puckett, Nathan Kress, Kate Taylor, Victoria Justice, Avan Jogia, Lawrence K, Alexa Nikolas, Nicole Bristow, Daniella Monet, Trina Vega, Jenny Kilgen, Nickelodeon Drake Bell, Mary Robertson, Emma Schwartz, BI's Taylor, Nikolas, Marc Summers, Giovonnie Samuels, Bryan Hearne, Kilgen, Christy Stratton, Jamie Lynn Spears, Dan, Jeff Kravitz, Jason Handy, Brian Peck, Handy, Peck, Alan Thicke, James Marsden, Will Friedle, Maxine, Drake Bell, Bell, Josh Peck, Bobby Bowman, let's, Jerry Trainor, Miranda Cosgrove, Jason Merritt, Magic Schneider, didn't, doesn't, it's, Nikolas wasn't, Soledad O'Brien, Hearne, Jennette, Samuels Organizations: Service, Nickelodeon, Kids, Business, Beverly, The New York Times, Times, Apple, New York Times, Victoria, Los Angeles Times, Getty, BI, Maxine Productions, Sony Pictures, YouTube Locations: Beverly Hills , California, Hollywood, TikTok
Monday is an important day for Warner Bros. Discovery: It can now sell itself without a tax penalty. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But if you're a media investor, banker, or someone who thinks like them, there's a different significance: It's the End of Warner Bros. Let's put that in English: Monday is the second anniversary of the deal that combined Discovery Networks with WarnerMedia, the conglomerate that includes HBO and CNN and was previously owned by AT&T.
Persons: , there's, Let's Organizations: Warner Bros, Service, Discovery Networks, WarnerMedia, HBO, CNN, AT
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
Why streamers are shrinking their content libraries
  + stars: | 2024-04-02 | by ( Sarah Whitten | ) www.cnbc.com   time to read: +6 min
Last year many streaming services began shrinking their once-robust content libraries in order to pay smaller licensing fees. In the face of profit pressures and growing competition for viewers, streamers have taken to removing content to avoid the residual payments and licensing fees. On one side is Netflix , Amazon and Apple — companies that agnostically license content from other studios to bolster their streaming libraries. Disney-owned Hulu, meanwhile, has seen success with "feel good" 30-minute sitcoms and prestige dramas, Fandom's data shows. Disclosure: Peacock is the streaming service of NBCUniversal, the parent company of CNBC.
Persons: Stephanie Fried, Fried, Hey Arnold, Bell, Severance, Jacob, Jack Ryan, Bel, Universal's, Max, Peacock Organizations: NBC, Netflix, Apple, Universal, Warner Bros . Discovery, Paramount, Hollywood, Nickelodeon, Warner Bros, Disney, Amazon Prime, Hulu, HBO, CNBC Locations: auctioning, Kingstown, NBCUniversal
Schneider, who joined the kids' network in the '90s, made a name for himself as the creator of popular TV shows like " The Amanda Show, " " Drake & Josh ," "Zoey 101," and '" iCarly ." AdvertisementSchneider teased a comeback in a 2021 interviewJosh Peck, Dan Schneider, and Kenan Thompson in June 2011. Christopher Polk/Getty Images for NickelodeonIn an interview with The New York Times, Schneider said that his departure from Nickelodeon was a mutual decision and a welcome break from his intense work schedule. According to the Times, Schneider was also working on a family-friendly project. "I definitely, at times, didn't give people the best of me," he said.
Persons: , Dan Schneider, Schneider, Drake, Josh, Josh Peck, Kenan Thompson, Christopher Polk, Bobby Bowman, Christy Stratton, Jenny Kilgen, Lawrence K, didn't Organizations: Service, Nickelodeon, Business, Getty, The New York Times, Times, massages, Los Angeles Times
Why NBC could be a perfect fit for the NBABarring a major upset, ESPN and WBD will continue to broadcast NBA games. The network used to broadcast NBA games nationally starting in 1954, and Comcast still shows games on its regional-sports networks in five markets. Comcast-subsidiary Sky Sports also aired NBA games in the United Kingdom for four years starting in 2019. Moffett, the media analyst and MoffettNathanson cofounder, told BI he sees NBC entering the bidding war for NBA media rights if only to assist its streamer. Unlike ESPN and TNT, NBC doesn't necessarily need NBA games.
Persons: it's, supercharge Peacock, Peacock, Craig Moffett, Nielsen, That's, Will, Moffett, Joseph Bonner, WBD's, Bonner Organizations: NBA, ESPN, Warner Bros, TNT, Business, Apple, Netflix, NBC, Comcast, WBD, Diamond Sports, NFL, Premier League, Sky Sports, Moffett, BI, Argus Research, Disney, Fox, Google Locations: United Kingdom
Drake Bell said he believes Brian Peck fooled stars into defending him after he was accused of abuse. During the trial, actors including James Marsden wrote letters of support for Peck. AdvertisementDrake Bell said he believes ex-dialogue coach Brian Peck "fooled" stars into writing him letters of support after he was charged with sexually abusing the former Nickelodeon child actor in 2003. On the third and fourth episodes of Investigation Discovery's documentary "Quiet on Set," Bell spoke publicly for the first time about being sexually abused by Peck when he was 15. Some 41 people who knew Peck, including friends and family, wrote letters of support for the dialogue coach before he was sentenced.
Persons: Drake Bell, Brian Peck, James Marsden, Peck, , Bell, Drake, Josh, Zoey, Taran Killam, Brian, Amanda Kirsch, it's, I've, Maxine, Peck haven't, Marsden, Sarah Fraser, hasn't, Killam Organizations: Bell, Service, Nickelodeon, Maxine Productions, Sony Pictures, Business Locations: Los Angeles
ID's docuseries "Quiet on Set" reveals predatory behavior behind the scenes at Nickelodeon. AdvertisementInvestigation Discovery's docuseries " Quiet on Set: The Dark Side of Kids TV " digs deep into the disturbing and predatory behavior that happened behind the scenes at Nickelodeon. Although Brandi didn't appear in "Quiet on Set," her mom, who goes by MJ, shared her daughter's story in episode two of the docuseries. Brandi made an appearance on 'The Amanda Show' when she was 11 years oldBrandi in a photo seen in episode two of the docuseries "Quiet on Set." AdvertisementBrandi quit the entertainment industry after her experienceMJ in episode two of the docuseries "Quiet on Set."
Persons: ID's, Jason Handy, Brandi, , Brandi didn't, MJ, Trudy, Brandi wasn't, Amanda, Amanda Bynes, weren't, Handy, Brandi's, she'd, Brandi Carlile, doesn't, Kate Taylor, Taylor, She's, she's, Dan Schneider Organizations: Nickelodeon, Service, Hollywood, Disney Channel, Los Angeles Police Department, Business Locations: Glendale , California, LA , Michigan, North Carolina
Former Nickelodeon stars are speaking out after Investigation Discovery's docuseries "Quiet on Set." AdvertisementInvestigation Discovery's docuseries "Quiet on Set: The Dark Side of Kids TV" has cast a shadow over Nickelodeon's legacy in children's TV. AdvertisementIn the meantime, here's everything former Nickelodeon stars have said since the release of "Quiet on Set." After coming forward about being sexually abused as a teen, Drake Bell called Nickelodeon's response 'empty'Drake Bell in episode two of the Investigation Discovery docuseries "Quiet on Set: The Dark Side of Kids TV." Josh Peck said that he contacted his 'Drake & Josh' costar Drake Bell privately to offer his supportJosh Peck and Drake Bell on season four of "Drake & Josh."
Persons: Discovery's, Drake Bell, Alexa Nikolas, , Dan Schneider, Kate Taylor, Schneider, he'd, Nicole Bristow, Nikolas, Dan, doesn't, it's, Bell, Brian Peck, Sarah Fraser, Nickelodeon's, Peck, Tom DeSanto's, Drake, DeSanto, Josh, Josh Peck, Beth, Rich Correll, Raquel Lee Bolleau, Bolleau, Devon Werkheiser, Lindsey Shaw, Daniel Curtis Lee, Frazer Harrison, costars Lindsey Shaw, Werkheiser, Daniel, Zoey, Jack Salvatore, Mark Del Figgalo, Nickelodeon Salvatore, Sam, Salvatore, Jennette McCurdy, BooG, Bobby Bowman, Nancy Sullivan, Miranda Cosgrove, Jonathan Goldstein, WireImage Sullivan, Audrey Parker, Nichols, Sullivan, Bryan Hearne, Hearne, Tracey Brown, Madisyn Shipman, Shipman, Abby Wilde, Stacey Dillsen, They're, who's, Chris Massey, Michael, , Massey, Michael Barret, Angel Massey, @chrismasseytmb, DAN, Allie DiMeco, DiMeco, Rosalina, Leon Frierson, Dan Schneider's, Frierson, I'm, Amber Frank, Frank, Kenan Thompson, Christopher Polk, Thompson, Kenan, Kel, I've, that's Organizations: Nickelodeon, Service, Business, YouTube, Eat, Kids, Disney Channel, Entertainment, Getty Locations: Hollywood
Investigation Discovery's docuseries "Quiet on Set" is returning for a fifth episode. The episode, titled "Breaking the Silence," will be released on Sunday, April 7 at 8 p.m. The episode will feature returning participants like Drake Bell and other former Nickelodeon stars. AdvertisementThe shocking revelations from "Quiet on Set: The Dark Side of Kids TV" continue making waves in Hollywood and on social media — and there's still more to unpack. But "Quiet on Set" will return with a bonus fifth episode, ID announced via a press release on Tuesday.
Persons: Drake Bell, Organizations: Nickelodeon, Service, Business Locations: Hollywood
Read previewBrian Peck, the disgraced Nickelodeon acting and dialogue coach who sexually abused a then-15-year-old actor Drake Bell, also had a sinister connection to real-life serial killer John Wayne Gacy. Best wishes, your friend, John Wayne Gacy.'" A self-portrait of a clown by John Wayne Gacy. "Brian actually developed a pen pal relationship with John," Sullivan says. "He kept this pile of letters and photos from John Wayne Gacy in his nightstand next to his bed.
Persons: , Brian Peck, Drake Bell, John Wayne Gacy, Peck, Kyle Sullivan, Brian, Sullivan, Steve Eichner, WireImage Gacy, John, William Yates, Drake, Josh, James Marsden, Alan Thicke, Will Friedle, Strong, Zack, Cody, Rich Correll, Beth Correll, Kate Taylor, Mary Robertson, Emma Schwartz Organizations: Service, Nickelodeon, Kids, Business, Chicago Tribune, Tribune, Getty, Disney Channel, Disney, Maxine Productions, Sony Pictures
This story is available exclusively to Business Insider subscribers. Stratton and Kilgen say that the early days working on "The Amanda Show" were genuinely exciting and enjoyable. Stratton says that Schneider ran the writers' room with a playful demeanor, and "being dirty was part of the silliness." A spokesperson for Schneider told Business Insider that Schneider is "extremely sorry for his behavior that contributed to that environment and he has grown a lot since then. The four-part docuseries is produced by Maxine Productions, a part of Sony Pictures Television Nonfiction, in association with Business Insider.
Persons: , Dan Schneider, Christy Stratton, Jenny Kilgen, Amanda Bynes, Schneider, Dan, Stratton, Kilgen, Schnieder, hadn't, Kate Taylor's, Kate Taylor, Mary Robertson, Emma Schwartz Organizations: Service, Kids, Nickelodeon, Business, Schneider, WGA, Viacom, Maxine Productions, Sony Pictures
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
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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReddit's 'Wild West' reputation isn't something that advertisers want: New York Times’ Jim StewartJames Stewart, New York Times columnist, joins 'Squawk Box' to discuss Reddit's IPO decision, whether the company is ready to go public, Warner Bros. Discovery's quarterly earnings results, and more.
Persons: Jim Stewart James Stewart Organizations: New York Times, Jim Stewart James Stewart , New York Times, Warner Bros Locations: Jim Stewart James Stewart ,
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