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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.
Q3 revenue in Warner Bros. Discovery’s direct-to-consumer streaming segment rose 9% to $2.6 billion, and adjusted earnings came in at $289 million, a $178 million increase from the year-prior ...
On the bottom line, WBD reported a 15% decline in adjusted earnings before interest, taxes, depreciation, and amortization to $1.8 billion. Excluding the impairments, WBD reported an operating ...
As a result, AT&T shareholders received 1.7 billion shares of WBD, representing 71% of WBD shares on a fully diluted basis.” AT&T had put in the disclaimer “$43 billion (subject to adjustments ...
These are Warner Bros. Discovery divisions which have been closed or folded into another part of the company. 3net - 3D television channel jointly owned with Sony and IMAX Corporation; operated from 2011 to 2014; 7food network; AT&T SportsNet - shut down on October 21, 2023 [48] [49] AT&T SportsNet Pittsburgh - sold to Fenway Sports Group
Warner Bros. Discovery reported Q4 earnings results that missed across the board on Thursday — but one analyst said the company's strategic plan mirrors another familiar media giant: Disney's .
On March 4, 2019, AT&T would reorganize its broadcasting assets to effectively dissolve Turner Broadcasting System with its assets moving to the newly created WarnerMedia Entertainment with the unit consisting of HBO, TBS, TNT, TruTV, and an upcoming direct-to-consumer video service with Cartoon Network, Adult Swim, Boomerang, and Turner Classic Movies would be moved under Warner Bros ...
The company reported adjusted earnings per share of $0.05 versus a loss of $0.17 in the year-earlier period. ... WBD took a massive $9.1 billion impairment charge related to its TV networks unit ...