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The David Zaslav-led media company posted disappointing second-quarter earnings Wednesday, sending its shares tumbling in after-hours on Wall Street.
Warner Bros. Discovery stock, which has been gaining ground in recent weeks after falling to a low of about $6 a share earlier this year, jumped 15.4% on the news to $12.49. Zaslav and his team ...
In August, Warner Bros Discovery wrote down the value of its TV assets by over $9 billion due to uncertainty around fees from cable and satellite distributors and sports rights renewals.
Warner Bros. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City.It was formed from WarnerMedia's spin-off by AT&T and merger with Discovery, Inc. on April 8, 2022.
The company is known for its film studio division, the Warner Bros. Motion Picture Group, which includes Warner Bros. Pictures, New Line Cinema, Warner Bros. Pictures Animation, Castle Rock Entertainment, DC Studios and the Warner Bros. Television Group. Bugs Bunny, a character created for the Looney Tunes series, is the company's official mascot.
Warner Bros. Discovery, CNN’s corporate parent, announced Thursday it is establishing a new corporate structure that splits off its cable networks from its growing streaming business.
On June 6, 2024, Corus disclosed that Warner Bros. Discovery (WBD) had declined to renew some of its brand licensing and programming agreements with the company, which were set to expire at the end of the year. Without revealing specific details, Corus CEO Doug Murphy alluded to the presence of "inequitable structural relationships in the ...
The company said it had appointed several new members to its board, including the former chair and CEO of Warner Bros., Ann Sarnoff. (Warner Bros., like CNN, is owned by Warner Bros. Discovery.)