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The Latest Breaking News from Warner Bros Discovery

BT-Warner Bros Discovery Sports Deal Invites UK Antitrust Inspection

BT Group Plc's (OTC:BTGOF) £633 million ($797 million) sports TV joint venture with Warner Bros Discovery, Inc (NASDAQ:WBD) is subject to antitrust scrutiny from the U.K.'s competition watchdog, Bloomberg reports. The Competition and Markets Authority enquired whether the transaction could raise competition concerns. Accordingly, CMA will decide whether to move to an in-depth probe…

Benzinga

Chris Wallace interview show to be featured on CNN Sundays

Chris Wallace, the most prominent personality lured to the since-shuttered CNN+ streaming service, will host an interview show on Sunday nights on the television network starting this fall

The Independent UK

Chris Wallace to anchor new show on CNN

The longtime Fox News host recently moved over to CNN to launch a show on its now-defunct streaming service.

Axios

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PFA chief executive: Champions League changes made with no player consultation

UEFA finally confirmed a new look for Europe’s premier club competition this week.

The Independent UK

Morning Brief: Top Financial Stories Dominating on Thursday, May 12

CNBC Instacart Confidentially Files For US IPO

Benzinga

BT-Warner Bros Discovery Collaborate Over Premium Sports in UK and Ireland

BT Group Plc (OTC:BTGOF) concluded its long-awaited deal with Warner Bros Discovery, Inc (NASDAQ:WBD) to form a joint venture for its sports business as it reinstated its full-year dividend. BT will receive £93 million from Warner Bros Discovery and up to £540 million on an earn-out subject to the accomplishment of specific goals. In February, BT announced…

Benzinga

BT Sport strike TV deal worth up to £633m as company joins forces with 'content powerhouse'

BT Sport has decided to branch out as the telecoms operator seeks external investment as they look to promote company growth

Liverpool Echo

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BT and Warner Bros Discovery join forces to create pay-TV sport business

Joint venture will bring together rights to sports including Premier League, Champions League and Olympics

The Guardian - UK

Is Trouble Ahead For Netflix's US Dominance? Another Streaming Rival Reports Q1 Gains

Shares of many streaming-related companies were dragged down after market leader Netflix Inc (NASDAQ: NFLX) reported April 19 a loss in quarterly subscribers for the first time in over 10 years.

Benzinga

Netflix faces losing licensed hit shows to streaming rivals

Exclusive figures reveal hit shows such as Friends could be pulled when current contracts expire

The Guardian - UK

Charles Schwab And 2 Other Stocks Insiders Are Buying

Although the Dow Jones jumped by more than 600 points on Thursday, there were a few notable insider trades.

Benzinga

Fox retains Big Ten’s primary TV package; details, other partners still in works

We’re about a month to six weeks away from the Big Ten finalizing its next media-rights deal, which will take effect in the fall of 2023.

Chicago Sun-Times

Why Warner Bros. Discovery Shares Are Falling

Warner Bros. Discovery Inc (NASDAQ: WBD) shares are trading lower by 4.91% at $20.44 after the company reported first-quarter financial results.

Benzinga

CNN’s streaming service shutting down a month after launch

CNN’s brand-new streaming service, CNN+, is shutting down only a month after launch

The Independent UK

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Input

CNN+ got canned faster than Quibi

CNN's streaming service had a rough launch, and after about a month of existence, it's heading for the chopping block.

Benzinga

Move Over Netflix? HBO Max Is Gaining Subscribers And Market Share

Shares of streaming-related stocks were hammered this week after an earnings report from Netflix Inc (NASDAQ: NFLX) saw a decline in quarterly subscribers. One streaming company reported a strong gain in the same quarter and could be taking market share from Netflix.

The Independent UK

CNN's streaming service shutting down a month after launch

CNN’s brand-new streaming service, CNN+, is shutting down only a month after launch

Benzinga

Why Warner Bros. Discovery Shares Are Falling Following Netflix's Earnings Report

Warner Bros. Discovery (NASDAQ: WBD) shares are trading lower in sympathy with a decline in Netflix Inc (NASDAQ: NFLX) shares after Netflix reported first-quarter earnings results.

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Benzinga

Warner Bros.Discovery Suspends External Marketing Spend For CNN+: Axios

Warner Bros.Discovery Inc (NASDAQ:WBD) suspended every external marketing spending for its recently launched streaming service CNN+ and laid off CNN's CFO Brad Ferrer, Axios reports. Discovery's current CFO for streaming and international, Neil Chugani, succeeded Ferrer. The report added that Warner Bros. Discovery looks to eliminate other high-level positions at WarnerMedia across…

Benzinga

This Analyst Picks 6 Bullish, 2 Bearish Stocks In The Entertainment Sector: What Are They And What Investors Should Know

Wondering which internet and media stocks to invest in and the ones to stay away from? Here’s what Rosenblatt Securities analyst Barton Crockett recommends for buying and selling. Charter Communications

Axios

Scoop: CNN+ looks doomed

CNN execs think the launch has been successful. Discovery executives disagree.

Benzinga

CNN's News Streaming Service Struggles To Attract Viewers, Casting Doubt Over Its Future

Fewer than 10,000 people have watched Warner Bros.Discovery Inc's (NASDAQ:WBD) streaming service CNN+ daily since its March 29 launch, CNBC reports. Warner Bros. Discovery looks to cut hundreds of millions of investment dollars for the service, given concern over its future. Incoming CNN chief Chris Licht will join Warner Bros. Discovery on May…

Benzinga

Warner Bros. Discovery Will Hit The Ground Running, BofA Says

Warner Bros. Discovery (NASDAQ: WBD) has a strong management team and is getting ready to execute on multiple levels, according to BofA Securities.

Asharq Al-Awsat

WarnerMedia, Discovery Complete Merger, Become Warner Bros Discovery

AT&T Inc's WarnerMedia unit and Discovery Inc have completed their merger, the companies said on Friday. The combined company, Warner Bros Discovery Inc, will start trading on the Nasdaq on Monday under the ticker symbol "WBD". In May last year, the companies set out to merge and become a standalone…

Axios

Discovery and WarnerMedia close $43 billion merger

The new company immediately becomes one of the entertainment industry's biggest players alongside Disney and Netflix.

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