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The Latest Breaking News from Warner Bros Discovery

Warner Discovery CEO David Zaslav says he was forced to lay off hundreds because WarnerMedia ‘had never been restructured for the future’

The layoffs were his "worst day on the job," but necessary to address the “generational disruption” in the industry, Zaslav said.

Fortune

NASCAR to include streaming in new 7-year media rights deal that welcomes Amazon, TNT and Max

NASCAR has added two new partners and streaming elements to a seven-year media rights deal that will run from 2025 through the 2031 season

The Independent UK

Fieri's $100 million Food Network deal

"Recognized everywhere he goes, there is only one Guy Fieri"

Salon

From analysis to the latest developments in health,
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People Were Angry About Max Getting Rid Of Looney Tunes Content In December, But What's Really Going On?

After it was reported that Looney Tunes content would be removed from Max, the streaming service responded.

Cinemablend

'Terrible news for US cycling fans': GCN+ users react to news service is closing

Streaming service and app due to shut down on 19 December

Cycling Weekly

After the shock closure of GCN+ and the GCN App, where does that leave MTB race coverage?

Mountain Bike World Cup coverage is currently without a home for the 2024 season as the subscription service GCN+ and its related app are due to close on December 19

Bike Perfect

GCN+ to close down in December as race broadcasts move to Discovery+ and Eurosport

'This decision comes from our parent company Warner Bros. Discovery and is driven by its global strategy'

Cycling News

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GCN+ streaming service and app axed

The streaming service and app will close as a result of parent company restructuring

Cycling Weekly

As Coyote Vs. Acme Drama Continues, James Gunn Puts His Support Behind John Cena’s Movie

Amid the continued drama surrounding Warner Bros.' Coyote vs. Acme, James Gunn showed support for the film.

Cinemablend

Amazon Gets in Front of the Line as Warner Lets Filmmakers Shop Shelved 'Coyote vs. Acme'

Seventy-million-dollar animation/live-action project was the latest Warner Bros. film to be scuttled for tax and residuals breaks

Broadcasting & Cable

Warner Bros. Discovery lost 2.5 million streaming subscribers in the last 6 months while its rivals grew—and sports are partly to blame

The Hollywood strikes also had a role to play in Max’s declining subscribers

Fortune

First 'Batgirl,' now Roadrunner: David Zaslav cans Warner Bros. Looney Tunes film to harvest $30 million in taxable losses

Director Dave Green says he's "beyond devastated" by the decision to axe "Coyote vs. Acme," which had starred "Fast and Furious" alum John Cena.

Fortune

Warner Bros. Discovery faces “generational disruption” dilemma after loading up on debt just as the TV ad market crashes

Investors recoiled at the news, sending the stock plummeting 19% and handing Zaslav his worst trading day in two years.

Fortune

Warner Bros. Discovery Moves Streaming Operations into Profit as Subs Decline

DTC adjusted EBITDA was $111M, a $745M year-over-year improvement

TV Tech

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Kiplinger

Max Is Ending Certain Perks for Ad-Free Subscribers

Legacy ad-free Max subscribers will lose two benefits in December.

Barchart

Markets Today: Stocks Slightly Higher Ahead of Comments from Fed Chair Powell

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.06%, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.01%. Stock index futures this morning are slightly higher. Some positive corporate news today is lifting stock index futures along with a decline in global bond yields. The...

Multichannel News

Warner Bros. Discovery Reports Streaming Profit Despite Shedding Subscribers

Overall net loss shrinks in third quarter

The Street

Warner Bros. Discovery down; strike impact, ad slump to extend to '24

Warner Bros. Discovery, which warned of a $500 million hit from Hollywood strikes, posted a wider-than-expected third quarter loss Wednesday.

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news in one place.

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Barchart

S&P Futures Tread Water Ahead of Powell Speech, Disney Earnings on Tap

December S&P 500 futures (ESZ23) are trending up +0.06% this morning as investors looked ahead to comments from Fed Chair Jerome Powell for further clues on the U.S. central bank’s monetary policy path while also awaiting an earnings report from Disney.

Fortune

Hollywood is fighting over the 'Zombie Clause’ that critics allege would let studios use AI likenesses of dead actors without consent

The actors guild is concerned the clause doesn't offer protections to deceased actors.

Broadcasting & Cable

Jonathan Katz Forming Free TV Networks Business With Warner Bros. Discovery, Lionsgate, Gray TV

African-American network and Western channels set to launch New Year’s Day

Fortune

David Zaslav is Hollywood's latest villain, but Wall Street predicts a plot twist

The Warner Bros. Discovery CEO is the ultimate penny-pinching entertainment and media mogul for the private-equity era. But can a more austere Hollywood still deliver hits?

Fortune

The biggest sports battle isn’t on the field. It’s at the negotiating table as Big Tech fights Big Media for dominance in streaming major league athletics

The cord-cutting phenomenon has turned the world of sports on its head, and everyone wants in on the game.

The Street

Hollywood writers reach tentative strike deal; media stocks higher

The Writers Guild of America has reached a tentative deal with Hollywood studios that could end a months-long strike that has crippled movie and television production.

The Independent UK

Hollywood writers reach ‘tentative’ but ‘exceptional’ deal to end WGA strike after 146 days

WGA members must now vote to approve deal to end strike

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