News kept on churning this week — from Sunday morning until end of Friday — on the Warner Bros. Discovery front. Headlines included big changes at TCM; The Flash’s disappointing b…
under Warner Bros chiefs Michael De Luca and Pamela Abdy. That news followed layoffs at WBD’s cable networks, including high profile departures at TCM that drew a high-profile protest from the likes of Steven Spielberg, Martin Scorsese and Paul Thomas Anderson. The leadership change Friday became public less than two days after CEOheld an emergency conference call with the A-list filmmakers.
that the company is in talks to license HBO content to Netflix, meaning it will raise cash from its library like in the old days — before every company decided to get in the ring.and Discovery+ in the newly renamed Max. WBD told the Street in May that its DTC business would be profitable for 2023 — a year ahead of schedule. ‘s second season, the service is not as wedded to exclusives as it once was.
As Rich Greenfield of LightShed Partners tweeted in response to the HBO-Netflix news, “The real question is, when does legacy media exit the streaming wars and just focus on their legacy of being arms dealers?” The costs of sports, and beyond, matters a lot to a company that had $49.5 billion in debt at the end of the first quarter. Debt is by far one of WBD’s biggest issues and it’s been chipping away at it, including paying down as much as $1.5 billion for the current June.
Jitters over advertising have continued and the next round of earnings calls should provide updates on how things are looking for the second half of the year. Ad sales got rocky last year as the Federal Reserve launched a string of interest rate hikes to dampen spending, slow down the economy and lower inflation, which surged post-Covid. Inflation is down, but not enough for the Fed, which indicated last week that more increases are likely.
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Warner Bros.’ Michael De Luca, Pamela Abdy to Curate TCM TitlesTurner Classic Movies will lean on Warner Bros. film chiefs Mike De Luca and Pam Abdy for library curation and editorial vision, sources told Variety, in wake of the exit of network head Pola Chang…
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Warner Bros. Discovery Negotiating $500 Million Deal to Sell Film and TV Music Publishing AssetsWarner Bros. Discovery is negotiating to sell around half of the storied Warner studio’s film and TV music-publishing assets for approximately $500 million, three sources confirm to Variety. The ne…
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Warner Bros. Historic Music Catalog On Sale For $500M, Includes Purple Rain, Batman & MoreA brand new report claims that Warner Bros. Discovery plans to sell half of the rights to its movie and tv music assets for $500 million.
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Warner Bros. Discovery reportedly looks to unload half of its music catalogMusic from Purple Rain, Casablanca, and Batman may be on sale soon
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'[Ken] Just Knows How To F*ck': Viral French Barbie Poster Prompts Response From Warner Bros.Warner Bros. responds to the viral French-language poster for Greta Gerwig's Barbie, which contains an NSFW pun that could be a mistranslation.
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Turner Classic Movies Now To Be Overseen By Warner Bros’ Michael De Luca & Pamela AbdyAmidst mounting concern for the future of Turner Classic Movies following the latest in restructuring at Warner Bros Discovery, CEO David Zaslav has looked to assuage fears by placing the channel u…
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