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☆ ‘Sleeping giant’ MotoGP awakens in Qatar, with eyes on US – and a little help from rapper Pitbull and AI
▼ + stars: | 2024-03-09 | by ( Jonathan Hawkins | Becky Anderson | ) edition.cnn.com time to read: +6 min

Bagnaia rides during the second free practice session ahead of the 2023 French Grand Prix. The 2024 season will also see the debut of a US based-team, Nashville’s Trackhouse Racing, which is co-owned by musician Pitbull. Toshifumi Kitamura/AFP/Getty ImagesThe American sees the Sprints as a gateway to the main race for new fans. He says the newly refurbished Qatar facility, which also hosts F1, is a boon for the participants, too. “The race at night is something that was [the Qataris’] idea 20 odd years ago, and they did it.

Persons: Daniel Rossomondo, “, CNN’s Becky Anderson, ”, Rossomondo, Mirco Lazzari, Francesco ‘ Pecco, Bagnaia, Marc Márquez, Álex, Jorge Martín, Pedro Acosta, Márquez, Jean, Francois Monier, Nashville’s, Pitbull, ” Rossomondo, Dorna, ” Marc Márquez, Toshifumi Kitamura, it’s Organizations: CNN, NBA, Qatar –, MotoGP, Ducati, Honda, Warner Bros Discovery, TNT Sports, ” MotoGP, Getty, “ Riders, Warner Bros . Locations: Qatar, Americas, Murcia, AFP, United States, American, Europe

☆ 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

☆ Michael ‘Venom’ Page: Explosive knockouts, unique fighting style and a love for dancing - meet the UFC’s newest debutant
▼ + stars: | 2024-03-07 | by ( Ben Morse | ) edition.cnn.com time to read: +9 min

Twelve years on, the fighter from London will make his UFC debut against Kevin Holland on March 9 at UFC 299. “But the fighting style, I’d say that comes from, it’s part of my personality. I love to dance, love to smile, just loud, a bit more like outgoing.”Page is hoping a UFC welterweight title fight against Leon Edwards could happen in the future. While some of his family members gave up competitive fighting as the years went by, Page stuck with it. And I don’t think it’s happened before, two UK fighters fighting for a UFC title,” said Page.

Persons: Michael Page, Anderson Silva, Kevin Holland, ”, it’s, ” Page, There’s, Leon Edwards, Chris Unger, Lau, Page, London Shootfighters, Shootfighters, “, ’, Logan Storley, Zac Goodwin, Dwayne ‘, ’ Johnson, Evangelista Santos, Michael ‘ Venom, Williams Paul, –, he’s, he’ll, Holland, what’s, Briton Leon Edwards, Michael ‘ Venom ’, Vera Organizations: CNN, YouTube, UFC, CNN Sport, London, Press Association, WWE, ‘, Holland, TNT Sports, Turner Sports, Warner Bros, Discovery, Warner Bros . Locations: London, Caribbean, Miami

☆ Winter is coming for 'Game of Thrones' freeloaders thanks to Max's password-sharing crackdown
▼ + stars: | 2024-03-05 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +2 min

Read previewThe days of watching "Game of Thrones" for free on your brother-in-law's Max account are numbered. Max is the latest streaming service to announce a crackdown on password-sharing. AdvertisementHe specifically referenced Netflix's password-sharing crackdown as one that had been "extremely" successful. Following Netflix's lead, Disney+, Hulu, and ESPN+ (all owned by Disney) also said earlier this year that they would limit password-sharing. Max accounted for a scant 1.3% of streaming viewing in January, behind YouTube, Netflix, Disney+, and others, according to Nielsen.

Persons: —, Max, Perrette, Morgan Stanley, Nielsen Organizations: Service, Bloomberg, Warner Bros, Netflix, Hulu, Disney, Business, Discovery, Morgan, Morgan Stanley Technology, Media & Telecom Conference, ESPN, Max, YouTube, HBO Locations: Hulu

☆ Disney, Ambani’s Reliance create new India media giant with 750 million viewers
▼ + stars: | 2024-02-28 | by ( Diksha Madhok | Hanna Ziady | ) edition.cnn.com time to read: +3 min

New Delhi/London CNN —Disney is joining forces with Asia’s richest man to create a new media giant in India that says it will reach a domestic audience of more than 750 million people. Billionaire Mukesh Ambani’s Reliance Industries and Disney have combined their digital streaming platforms and 100 TV channels in the country in a joint venture worth about $8.5 billion, the companies said in a statement Wednesday. Disney (DIS) made a major push into the country in 2019, when it acquired most of 21st Century Fox, including its vast Star India network. “India is the world’s most populous market, and we are excited for the opportunities that this joint venture will provide to create long-term value for the company,” said Disney CEO Bob Iger. Disney salvaging its Indian dreamDisney has faced multiple challenges in India, which boasts a vibrant media and entertainment sector.

Persons: Mukesh, ”, Mukesh Ambani, Nita M, Ambani, Viacom18, Bob Iger, Mouse, Weeks, JioCinema, Iger, “, Mihir Shah Organizations: London CNN, Disney, Reliance Industries, Century Fox, Star, Reliance, Indian Premier League, Warner Bros ., HBO, CNN, Media Partners Locations: New Delhi, London, India, Star India, Viacom18

☆ Earnings Exchange: WBD, LYV & SQ
▼ + stars: | 2024-02-22 | 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 EmailEarnings Exchange: WBD, LYV & SQQuint Tatro, Joule Financial founder, joins ‘The Exchange’ to discuss Warner Bros Discovery, Live Nation, Block and Dow Industrials.

Persons: Quint Tatro, Dow Industrials Organizations: Joule Financial, Warner Bros Discovery, Dow

☆ 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

☆ Earnings playbook: Your guide to a busy week of reports, including Nvidia
▼ + stars: | 2024-02-18 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

Tuesday Walmart is set to report earnings before the bell. Wednesday Nvidia is set to report earnings after the close. What history shows: Nvidia shares have risen in three of the past four earnings days, Bespoke data shows. Discovery is set to report earnings before the bell. What history shows: Warner shares have fallen in three of the past five earnings days, including two double-digit declines, per Bespoke.

Persons: Robert Drbul, Doug McMillon's, Drbul, Bradley Thomas, NVDA, Piper Sandler, Harsh Kumar, WBD, Bryan Kraft Organizations: Nvidia, Walmart, Home, CNBC, LSEG, Warner Bros, Warner, Deutsche Bank Locations: Friday's, China

☆ NBA All-Star Weekend: Steph Curry and Sabrina Ionescu to go head-to-head to crown basketball’s best three-point shooter
▼ + stars: | 2024-02-17 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

The two sharpshooters will face off over All-Star Weekend in the first NBA vs. WNBA three-point contest to settle a long-running debate. Gary A. Vasquez/USA TODAY Sports/ReutersA dream crossover match-upCurry is a two-time NBA three-point contest champion and holds the league’s record for most career three-pointers made (3,642). However, in 2023, Ionescu set the WNBA record for most three-pointers in a single-season (128). ET, before the three-point contest showcases some of the best talent from deep. Curry vs. Ionescu and the Slam Dunk competition then round out the evening.

Persons: Steph Curry, Sabrina Ionescu, ” Ionescu, “ We’re, ” Curry, Stephen, Sabrina ’ Curry, Ionescu, Curry, Gary A, Vasquez, ”, “, Elsa, Malik Beasley, Jalen Brunson, Tyrese Haliburton, Damian Lillard, Lauri Markkanen, Donovan Mitchell, Karl, Anthony Towns, Trae Young, Gainbridge, Giannis Antetokounmpo, LeBron James, Joel Embiid, ’, CNN’s Ben Church Organizations: CNN, NBA, WNBA, Lucas Oil, TNT, Los Angeles Lakers, NBA Foundation, York, Connecticut Sun, Indiana Pacers, Eastern, Western, East, Black Colleges, Universities, Virginia Union, Winston, Salem State, G League, –, G, Indian Convention, TNT Sports, Turner Sports, Warner Bros, Discovery, Warner Bros . Locations: Indianapolis , Indiana, Indianapolis, Salem

☆ 4 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-02-17 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

A hotter-than-expected consumer price index on Tuesday sent stocks reeling, with the Dow posting its biggest drop in a year. Stocks bounced back over the next two days, helped by a softer retail sales report , only to slump again on Friday's hot producer price index for January. As we said this week, we're not overly concerned with the hotter-than-expected inflationary readings. Earnings season picks back up for the Club next week, with four holdings set to report quarterly results. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Wall, Stocks, we're, Palo, Fortinet, BCH's Bausch, Management doesn't, Dana, Bausch, Dr Pepper, Diana Shipping, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Walid Berrazeg Organizations: Dow Jones Industrial, Nasdaq, Dow, Federal Reserve, Club, Palo Alto, Palo, billings, Nvidia, Amazon, Microsoft, Bausch Health, Coterra Energy, Management, NYSE, Walmart, Axsome Therapeutics, Barclays Bank, Armstrong World Industries, Ceragon Networks, Tri Pointe Homes, Dana Incorporated, DigitalBridge, Oil States International, Systems, Allegion, CenterPoint Energy, Equitrans Midstream Corporation, Expeditors International of Washington, Alto Networks, SolarEdge Technologies, Enovix Corporation, Caesars Entertainment, Diamondback Energy, Toll, Ternium S.A, Celanese Corp, Chesapeake Energy, CVR Energy, Reserve, Vertiv Holdings Co, Properties Trust, Devices, HSBC Holdings plc, HSBC, Lomb, Sinclair Corporation, Pagaya Technologies, Gibraltar Industries, Garmin, NVIDIA, Rivian Automotive, Sunnova Energy International, Bros, Apache, Oil, Suncor Energy, Co, FNF, Sciences, Coeur D'Alene Mines, Trip.com, Joby Aviation, Resources, Alamos, Jackson, Nutrien, NTR, Pan, Sm Energy Company, Health, Newmont, Nikola Corporation, Cheniere Energy, Fiverr, Natural Resources, Point Credit, Lantheus Holdings, Builders, Grab Holdings, NICE, Dominion Energy, Harmony Biosciences Holdings, Teck Resources Limited, Intellia Therapeutics, Energy, Booking Holdings, Intuit, Semiconductor, Nation Entertainment, Vale S.A, Rocket Companies, Warner Bros ., AerCap Holdings, Natural Holdings, Calumet Specialty Products Partners, Frontier Communications, Jim Cramer's Charitable, CNBC, Lightrocket, Getty Locations: billings, Palo Alto, China, Xifaxan, Tri Pointe, Avista, Gibraltar, Coeur D'Alene, Pan American, Teck, Vale

☆ 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

☆ Disney stakes its claim in the upcoming Peltz board fight with an amazing quarter
▼ + stars: | 2024-02-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

That's what makes the upcoming proxy battle between Disney and the activist investor Nelson Peltz so compelling. Peltz's Trian Partners investment firm oversees about $3 billion worth of Disney stock, including shares held by former Marvel Entertainment Chairman Ike Perlmutter. For its fiscal second quarter, Disney expects net additional subscribers to Disney+ between 5.5 million and 6 million, with domestic adding 7.5 million due to its agreement with Charter Communications, while international core subs decline modestly. Disney is getting closer and closer to achieving its first profitable DTC quarter, which it continues to expect in its fiscal fourth quarter. In the Experiences segment, Disney delivered record revenue, operating income, and operating margin in its fiscal first quarter.

Persons: Bob Iger, Iger, Hugh Johnston, Nelson Peltz, Jay Rasulo, Peltz's, Ike Perlmutter, Taylor, Taylor Swift, –, Johnston, Disney, WBD, That's, Jim Cramer's, Jim Cramer, Jim, Gabby Jones Organizations: Disney, Revenue, LSEG, Peltz's Trian Partners, Marvel Entertainment, Entertainment, Hulu, Netflix, Charter Communications, Networks, Walt Disney World, Disneyland, Cruise, Sports, ESPN, Fox, Warner Bros Discovery, CNBC, Management, Epic Games, Bloomberg, Getty Locations: Disney's, Florida, California, buybacks, Brooklyn , New York

☆ Fox, WBD and ESPN partnership is the 'natural outcome' of sports streaming: Michael Nathanson
▼ + stars: | 2024-02-06 | 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 EmailFox, WBD and ESPN partnership is the 'natural outcome' of sports streaming: Michael NathansonMichael Nathanson, MoffettNathanson senior reseach analyst, joins 'Closing Bell Overtime' to talk the latest sports streaming news, earnings to come and more.

Persons: Michael Nathanson Michael Nathanson, MoffettNathanson Organizations: Email Fox, WBD, ESPN

☆ 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

☆ Here are Monday's biggest analyst calls: Nvidia, Netflix, Apple, Micron, Hershey, Dollar Tree, Qualcomm & more
▼ + stars: | 2024-01-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

JPMorgan upgrades Dollar Tree to overweight from neutral JPMorgan said in its upgrade of the stock that it's a "self-help" story. Bernstein upgrades Hershey to outperform from market perform Bernstein said in its upgrade of the chocolate maker that market share trends are improving. " Goldman Sachs reiterates Nvidia & Micron as buys Goldman said it's standing by shares of Nvidia and Micron. Bank of America upgrades ZoomInfo to buy from neutral Bank of America said the software company is a "self-help" story. Bernstein reiterates Qualcomm as outperform Bernstein said it's bullish heading into Qualcomm earnings later this week.

Persons: Wells, Jefferies, it's, Evercore, Bernstein, Hershey, Goldman Sachs, Goldman, Raymond James, Sherwin, Williams, Morgan Stanley, William Blair, Morgan Stanley downgrades Brown, Forman Organizations: UBS, Amazon, Amazon Web Services, Citi, Air, Deutsche Bank, TFI, Deutsche, JPMorgan, Warner Brothers Discovery, Microsoft, Meta, YouTube, Nvidia, Micron, MU, Netflix, Barclays, Apple, Colgate, Palmolive, " Bank of America, of America, Beam Therapeutics, Bank of America, Builders, Devices, AMD, Qualcomm Locations: Norfolk Southern, Atlanta

☆ Netflix's competitors helped it land a blowout quarter by selling it some of their best stuff
▼ + stars: | 2024-01-23 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Netflix had a blowout quarter — much better than Wall Street expected. That's partly because competitors like Disney are selling their content to Netflix — a big strategy reversal. That's much better than Netflix or Wall Street had expected. But that was when Wall Street didn't care much about streaming profit. Now it does, so Netflix's competitors have to live with the fact that they're arming their biggest rival.

Persons: —, It's, Mario, Young Sheldon, they'd, you've Organizations: Netflix, Wall, Disney, Service, AMC, Comcast, Nintendo, Warner Bros, HBO, Brothers, Paramount

☆ Netflix earnings: Will the streaming service continue to make profit into 2024?
▼ + stars: | 2024-01-23 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

Netflix, which is in a quiet period ahead of earnings, declined CNN’s request for comment. In November, Netflix aired its first-ever live sports event, and its third-ever foray into live programming, called “The Netflix Cup,” a crossover competition between Formula 1 drivers and professional golfers. “We are investing heavily in increasing our live capabilities,” Netflix’s co-CEO Ted Sarandos said on the company’s earnings call in October. Next, Netflix plans to experiment with a new type of live programming: award shows. But even before the announcement, the number of shows and original programming Netflix churned out had already hit its peak, according to data analyzed by MoffettNathanson.

Persons: ’ ”, Jessica Reif Ehrlich, Reed Hastings, Amy Reinhard, Netflix’s, Reif Ehrlich, Philip Pacheco, ” Netflix’s, Ted Sarandos, Greg Peters, ” Peters, Matthew Harrigan, ”, Scott Stuber, Max, Peacock, MoffettNathanson, Harrigan, ” Harrigan Organizations: Los Angeles CNN, Netflix, Warner Bros, Bank of America, Guild of America, Netflix Inc, Bloomberg, Getty, Formula, Theft, Amazon, Hulu, Disney, Paramount Locations: Hollywood, FactSet

☆ The Match: Female golfers take part in competition for the first time in historic edition
▼ + stars: | 2024-01-23 | by ( Callum Sutherland | ) edition.cnn.com time to read: +5 min

CNN —From NFL quarterback greats locking horns to clashes between golf’s most notorious rivals, Capital One’s The Match series has delivered on a unique approach to entertainment in recent years. Next month, the ninth and latest edition is set to make even more history: for the first time, the series will include female participants. ET (11:30 p.m. GMT) on February 26, Capital One’s The Match will take place under lights across a 12-hole event at The Park course in West Palm Beach, Florida. Warren Little/Getty ImagesAt 28, Thompson is already a seasoned champion, boasting a major title – the 2014 Chevron Championship – among her 11 LPGA Tour victories. In October, she became just the seventh woman to compete on the PGA Tour.

Persons: Rory McIlroy, Lexi Thompson, Rose Zhang, Max Homa, Michael Reaves, –, Jay Monahan, ’ McIlroy, Tiger Woods, Justin Thomas, Jordan Spieth, Jordan, ”, McIlroy, ” McIlroy, “ It’ll, Thompson, Zhang, Warren Little, Jennifer Kupcho, “ It’s, Homa Organizations: CNN, NFL, Capital, TNT Sports, USA, Golf, Hawaii, PGA, JT, Hero Dubai, LPGA, Northern Ireland, Emirates Golf Club, Chevron, –, Stanford, Mizuho, Team Europe, Ryder, Turner Sports, Warner Bros, Discovery, Warner Bros . Locations: West Palm Beach , Florida, United States, Florida, American, Rome

☆ Best-picture Oscar nominees 'Barbenheimer' account for 88% of the slate's box-office haul
▼ + stars: | 2024-01-23 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

It's no surprise that Warner Bros.' "Barbie" and Universal's "Oppenheimer" were among the 10 best-picture nominees announced Tuesday for this year's Academy Awards ceremony. The duo exploded into cinemas in July, generating big box-office bucks and enchanting critics and audiences alike. Helmed by academy darlings Greta Gerwig and Christopher Nolan, respectively, the dichotomous films have been on Oscar prediction lists for months. Although Gerwig missed out on a best director nomination, both filmmakers received nods for their screenplays. Best Picture nominees for the 2024 Academy Awards "American Fiction" (MGM/Amazon)"Anatomy of a Fall" (Neon)"Barbie" (Warner Bros.

Persons: Barbie, Oppenheimer, Hannah Beier, It's, Greta Gerwig, Christopher Nolan, Gerwig, Maestro, Read Organizations: Washington Post, Warner Bros, year's, Paramount, Searchlight, Academy of Motion Picture Arts and Sciences, Disney Locations: Somerdale , New Jersey

☆ 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.

☆ 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

☆ 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

☆ Premier League signs $8.45bn TV deal as controversial season continues to excite
▼ + stars: | 2023-12-05 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Stunning goals, refereeing howlers and dramatic comebacks: it was another box office weekend in the Premier League, which helps explain why English top-flight soccer has become such a lucrative and appealing product. All three deals will cover a four-year period starting from the 2025/26 season and will see some changes to the current schedule. In total, TNT Sports will show 52 live matches per season under the new agreement, while Sky Sports will show a minimum of 215 games. “It’s hugely exciting to continue to bring fans exclusive Premier League matches for the next five seasons,” Andrew Georgiou, President and MD, UK & Ireland and WBD Sports Europe, said in a statement. Meanwhile, CEO of Sky Group Dana Strong said: “We are proud of our long history with the Premier League and look forward to delivering more engagement, entertainment, and innovation to the end of the decade.”Like CNN, TNT Sports is owned by Warner Bros.

Persons: ”, Richard Masters, “, ” Andrew Georgiou, Dana Strong Organizations: CNN, Premier League, Sky Sports, TNT Sports, BBC, ” Premier League, & Ireland, WBD Sports, Sky, Warner Bros . Locations: WBD Sports Europe

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