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The Latest Breaking News from Discovery

1 Entertainment Stock to Watch Right Now and 2 to Avoid

The entertainment industry’s long-term outlook looks promising due to constant evolution in response to changing consumer consumption patterns, technological advancements, and new business practices. Hence, we think it could be wise to add AMC Networks (AMCX) to your watchlist. However, with the record-high inflation tempering discretionary consumer spending, fundamentally weak…

StockNews.com

Now Is Not the Time to Buy This Entertainment Stock

Warner Bros. Discovery’s (WBD) troubles don’t appear to have ended, as the company expects its restructuring charges to rise by another $1 billion. The company has accumulated significant debt and missed the consensus revenue and EPS estimate in the last quarter. Amid this backdrop, it may not be worth adding…

StockNews.com

Friday briefing: What Harry & Meghan means for Netflix and the future of streaming

In today’s newsletter: As the second half of the Duke and Duchess of Sussex’s documentary drops, reaction to the show could have an influence on the future of TV

The Guardian - UK

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RIP HBO: Blame Warner Bros. Discovery, David Zaslav Budget Cuts

Television's greatest brand is getting tarnished by short-sighted business decisions.

The Street

Mike Rowe gets filthy on 'Dirty Jobs' to reconnect Americans

TV host Mike Rowe has been immersing himself in some of the toughest professions for years as host of “Dirty Jobs” every Sunday on Discovery and streaming on discovery+

The Independent UK

"Lucky" shows former F1 boss Bernie Ecclestone as you’ve never seen him before

Review: New eight-part docuseries launching this month on streaming platforms.

Motorsport

HBO Max returns to Prime Video as Warner Bros. Discovery searches for revenue

HBO Max is back on Amazon Prime Video in the U.S., a little more than a year after its departure.

Los Angeles Times

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From CNN to Paramount, Media Firms Cut Jobs as Pressures Mount

An advertising slowdown, economic worries and strains of the shift to streaming have many major media companies in cost-cutting and layoff mode.

Bangkok Post

HBO Max is about to get an even worse name

In the wake of the tumultuous Warner Bros. and Discovery merger, the relatively new streaming service is getting a makeover.

Inverse

How celebrity footballers can help reduce prejudice against minorities – podcast

In the latest episode of Discovery, an ongoing series via The Conversation Weekly podcast, we hear about recent research that showed how a Muslim celebrity footballer helped reduce Islamophobia.

The Conversation

Beware of 'Shark Week': Scientists watched 202 episodes and found them filled with junk science, misinformation and white male 'experts' named Mike

The Discovery Channel’s annual Shark Week is the longest-running cable television series in history, filling screens with sharky content every summer since 1988. It causes one of the largest temporary increases in U.S. viewers’ attention to any science or conservation topic.

The Conversation

Clara Amfo on why her new dating show Written In The Stars has the edge over Love Island

Exclusive: The London-born presenter talks her new show on Discovery+ UK described as ‘Love Island meets Married At First Sight but with horoscopes,’ plus, why her mum Grace has become a ‘bigger deal than her’ on social media

Evening Standard

Eve Muirhead faced 'dark times' on journey to Olympic gold as she prepares for new career

The 32-year-old skippered her Team GB side to Winter Olympic gold this year before she announced her retirement in August, and she's now preparing to take her first steps in the commentary booth

Daily Mirror

Disney+ keeps growing fast. But streaming loses $1.5 billion

LOS ANGELES — Disney+ is still growing fast as the streaming service takes the Walt Disney Co. into the future of entertainment. But the effort to stay dominant in the age of Netflix is costing the Burbank giant in a big way.

Los Angeles Times

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Benzinga

Warner Bros.Discovery Unusual Options Activity

Someone with a lot of money to spend has taken a bullish stance on Warner Bros.Discovery (NASDAQ:WBD). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Los Angeles Times

David Zaslav defends Warner Bros. Discovery cuts: ‘We did not get rid of any show that was helping us’

LOS ANGELES — Warner Bros. Discovery Chief Executive David Zaslav addressed the significant cuts made at the company during the last six months, framing them as part of a fundamental “rethinking and reimagining” of how the media giant works as the entertainment industry endures a period of dramatic transformation.

The Street

Las Vegas Strip Has two Surprising New Additions

The Las Vegas Strip isn't all about the casinos, it also keeps adding world-class attractions.

The Conversation

Celibacy: family history of Tibetan monks reveals evolutionary advantages in monasticism – podcast

In the first episode of Discovery, an ongoing series available via The Conversation Weekly podcast, we hear about new research with the families of Tibetan monks that suggests celibacy might have some surprising evolutionary advantages.

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Los Angeles Times

CNN chief Chris Licht tells staff to brace for budget cuts

After Warner Bros. Discovery announced it will incur more than $1 billion in downsizing costs, CNN chief Chris Licht told staff at the news network to prepare for cutbacks.

Los Angeles Times

Warner Bros. Discovery to spend more than $1 billion downsizing

Warner Bros. Discovery reports that it will incur up to $1.5 billion in costs to shrink the company, cancel programming and provide severance packages to laid-off workers, among other expenses.

Benzinga

This Is What Whales Are Betting On Warner Bros.Discovery

A whale with a lot of money to spend has taken a noticeably bearish stance on Warner Bros.Discovery. Looking at options history for Warner Bros.Discovery (NASDAQ:WBD) we detected 18 strange trades.

The Guardian - UK

Batgirl axed, The Flash floundering – can Black Adam turn things round for DC’s troubled superheroes?

Any company with characters like Batman and Wonder Woman should be laughing all the way to the bank. So why are DC and its owner Warner Bros struggling with so many projects?

Benzinga

Netflix Investor Buys Stake In Another Entertainment Company, Praises Its 'Must See' Content

A leading fund manager is increasing exposure to the streaming market across several mutual funds.

Evening Standard

Documentary to go behind the scenes and uncover TV show Glee’s controversies

Three-part docu-series will include interviews with cast and crew from the seven-year show

Los Angeles Times

Writers workshop axed as layoffs hit Warner Bros. Television

Warner Bros. Discovery's rolling layoffs have come to its television division, the studio responsible for shows including "Ted Lasso," "Abbott Elementary" and "The Bachelor."

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