A federal judge in New York has granted Fubo’s request for Venu Sports, a planned sports bundle of Disney, Fox Corp. and Warner Bros. Discovery channels, be blocked on antitrust grounds. Fubo filed a lawsuit in February, blasting Venu as a product of a monopolistic “cartel” intent on crushing any…

Warner Bros Discovery said Monday that Steven A. Miron and Steven O. Newhouse have both notified the company’s board that they have resigned as directors after the U.S. Department of Justice informed them it was investigating whether their service violated Section 8 of the Clayton Antitrust Act on…

The motivation for continuing to offer Discovery+ as a stand-alone streaming service after a combined offering with HBO Max debuts later this spring, is largely financial, Warner Bros Discovery CEO David Zaslav says. Word of the decision, which emerged earlier this month, followed months of execs…

Warner Bros. Discovery CFO Gunnar Wiedenfels today predicted the company will hit $4 billion in total cost savings from the merger of Discovery and Warner Media – up from a previous commitment to hit $3.5 billion. The head finance exec delivered the update on a call to flesh out WBD's mixed fourth-qua…

Promising "2023 will be a year of building," Warner Bros Discovery boss David Zaslav made a point today on the company's latest earnings call to sing the praises of CNN's "more inclusive range of voices and viewpoints." Pledging to "continue advancing on this balance strategy," the CEO of the cable…

New Line Cinema and Warner Bros Pictures have hammered out a new multi-year agreement with Embracer Group AB’s Middle-Earth Enterprises to team on new The Lord of the Rings movies. Warner Bros Discovery CEO David Zaslav dropped the news Thursday during the company’s call to discuss its Q4 2022 earnings res…

Warner Bros Discovery revenue fell 11% to $11 billion (or a drop of 9% when foreign exchange fluctuations are excluded), mostly due to advertising softness and tough studio comparisons. EBITDA also tumbled 5% to $2.6 billion. Shares in the media giant shed as much as 5% in after-hours trading as…

Warner Bros. CEO David Zaslav called games core to the merged company’s strategy as its latest, Hogwarts Legacy, the open-world, action role-playing game has sold more than 12 million units and hit $850 million in sales globally and 280 million hours played in its first two weeks of launch. That…

The Warner Bros. Discovery Global Brands and Experiences division unveiled the global leadership for its consumer products business, formalizing the marriage of legacy Warner Bros. and Discovery operations. Canada and U.S. are now integrated into one North American team, and major international regions…

Warner Bros. Discovery Friday detailed its charges for the second quarter that included a combined $825 million hit on the content side, including $496 million for content impairment and $329 million for content development write-downs, as well as $208 million for employee terminations for the three months ended…

Shares of Warner Bros. Discovery continued to fall Friday, down more than 15%, after its first combined financials report featured a big net loss, disappointing revenue, high debt and a slower outlook for streaming amid anticipate post-merger growing pains. Steven Cahall of Wells Fargo, downgraded the stock (from…

Warner Bros. Discovery is doubling down on HBO and HBO Max. Speaking of HBO & HBO Max Chief Content Officer Casey Bloys and his team, WBD President and CEO David Zaslav revealed that “we’re going to spend dramatically more” in 2022 and 2023 vs. 2020 and 2021. Execs, however, declined to give out any numbers, and a rep…