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The Latest Breaking News from Warner Bros Discovery

Judge blocks plans for sports joint streaming venture among Fox, ESPN and Warner Brothers

The launch of Venu Sports will be delayed after a federal judge granted FuboTV’s motion for a preliminary injunction against the planned sports streaming venture by ESPN, Fox and Warner Bros

The Independent UK

Fubo Wins Preliminary Injunction Blocking the Launch of Venu Sports

The court ruling in a lawsuit filed by vMVPD Fubo stops the launch of the sports streaming service backed by Disney, Fox and Warner Bros. Discovery

TV Tech

Warner Bros. Discovery Cable Nets Chief Kathleen Finch Is Leaving

Channing Dungey, Warner Bros. TV group CEO, to run U.S. networks

Multichannel News

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WBD vs. GOGO Hit 52-Week Lows: Which is the Better Buy?

Warner Bros. Discovery hit its 35th 52-week low on Tuesday. Gogo hit its 32nd of the past 12 months. The former also hit its 32nd 2-year low, while the latter had its 43rd 2-year low. While they’re both troubled companies, one is a better buy than the other. Here’s why.

Barchart

WBD Reports Record European Streaming and TV Viewing for Paris Olympics

7B minutes of coverage was viewed in Europe during the games as Max added a record number of new subscribers

TV Tech

Parsing Linear TV's Massive $15 Billion Correction

Also in this week's 'Next Text,' we check in on Elon Musk's $44 billion propaganda machine, and we process all we loved (and loathed) about The Olympics

Broadcasting & Cable

Paramount Global To Cut 15% Of US Staff, Take $6B Write-Down Ahead Of Skydance Merger

The decision will affect around 2,000 employees over the coming weeks.

International Business Times

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Warner Bros. Discovery Considers Licensing Intellectual Property to Other Studios

Warner Bros. Discovery is reportedly considering licensing its intellectual property to other game studios.

Player One

Paramount Global To Lay Off 15% Of US Staff

Paramount Global announces layoffs and write-downs ahead of Skydance merger, reflecting industry shifts in traditional TV and print media, while streaming ...

Top News

Warner Bros Discovery Adds 3.6M Streaming Subs, Writes Down Value of Its Cable Nets by $9.1B

WBD stock slumped after announcing major write downs and reporting reduced revenue for both networks and streaming

TV Tech

Warner Bros. Discovery Stock Plunges On $10 Bn Quarterly Loss

Almost all of the loss was down to a $9.1 billion write-down in the value of the US media giant's cable network, it announced in a statement, underscoring the challenges facing the legacy television industry.

International Business Times

Turner Acquires Rights to the Savannah Bananas, Secures Charles Barkley, as It Searches For a Post-NBA Sports Future

The Harlem Globetrotters-esque baseball ‘team’ generates $10 million a year in live-event revenue

Broadcasting & Cable

S&P Futures Climb as Risk Sentiment Improves, Disney Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are trending up +0.91% this morning, extending the rebound from Monday’s dramatic selloff, supported by remarks from a senior Bank of Japan official ruling out further rate hikes during periods of market instability, while investors awaited a new batch of earnings reports.

Barchart

Warner Bros. Discovery Looking to Sell Games to Avoid Total Breakup

Warner Bros. Discovery senior management is talking of selling games in order to avoid a total breakup and prevent triggering other complications.

Player One

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Investors Business Daily

Disney Streaming Services Turn Profitable, Boost Strong Q3 Beat

Disney reported Q3 results early Wednesday. The Dow Jones giant is celebrating its latest Marvel hit, NBA contract extension.

Broadcasting & Cable

Fubo Loses 61,000 Subscribers But Reduces Losses in Fourth Quarter

Revenue grow 25%

TechRadar

Max's new homepage should make it way easier to find things you actually want to watch

Max's new homepage personalization system helps you find movies and TV shows you actually want to watch.

Tom’s Guide

I'm passing on Venu Sports — here's why the streaming service isn't for me

Venu Sports isn't for me, and it probably isn't for you. Here's why Venu's price has me passing on the sports streaming service from Disney, Fox and Warner Bros. Discovery.

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Broadcasting & Cable

Max's New Homepage Aims to Fight Search Fatigue

Warner Bros. Discovery says the change has already increased viewer engagement

Tom’s Guide

The Disney Plus/Hulu/Max bundle sounds great — but I'm never going to subscribe

A bundle packaging together Disney Plus and Hulu with Max sounds like a great deal. But the way streaming services handle pricing make it hard to commit to these kinds of bundles.

Top News

Warner Bros. Discovery Signs First-Look Film Deal In Asia

Warner Bros. Discovery partners with Jack Nguyen's Joat Films for Asia-centric adaptations of English-language movies, starting with a Korean remake of The...

Amazon, Virgin and EE in talks with HBO to move Game of Thrones to their platforms

Warner's Max streaming service could launch in the UK after deal with Sky expires.

The Independent UK

New sports streaming service to start at a whopping $43 a month

The move is the latest development in the so-called ‘streaming wars’

Sports Illustrated

‘Pardon My Take’ Is Still Doing It Better Than Anyone in the Podcast Game

PMT’s annual Takie Awards is perfect and hilarious content.

Barchart

What Are Wall Street Analysts' Target Price for Warner Bros. Discovery Stock?

Although Warner Bros. Discovery has lagged behind the broader market over the past year, Wall Street analysts hold a cautiously optimistic view of the stock's potential.

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