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The Latest Breaking News from David Zaslav

Warner Bros. Discovery’s Unusual Options Activity Begs the Question: Short or Long Strangle?

Warner Bros Discovery stock jumped 15% Thursday after it announced it would separate its linear cable networks from its streaming and studio businesses. The company's unusual options activity popped relative to normal volume. A strangle looks promising.

Barchart

Things look grim for Multiversus as the Warner Bros. suits blame it for a $100 million writedown—'It hasn't been pretty'

Meanwhile the game will soon let all fighters be earned for free.

PC Gamer

Warner Bros knows its Batman games are popular, and plans to focus its "development efforts" on "core franchises" like DC, Mortal Kombat, Hogwarts Legacy, and Game of Thrones

The company will rely on "proven studios to improve our success ratio"

GamesRadar

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Feeling the post-Suicide Squad ennui, Warner Bros. announces it won't be 'trying to launch 10, 12, 15, 20 different games' anymore

Much more manageable.

PC Gamer

Warner Bros. Acknowledges Losses, Admits MultiVersus Underperformed, Other Inconsistensies

Warner Bros. acknowledged that it suffered massive financial losses this year due to various inconsistencies, including the underperformance of MultiVersus.

Player One

Juror #2: the curious case of the missing Clint Eastwood film

The 40th film directed by the 94-year-old is only being shown in 50 cinemas in the US. Why is Warners burying a movie by one of its most decorated stars?

The Guardian - UK

Beware Hollywood’s digital demolition: it’s as if your favourite films and TV shows never existed

The amount of media being wiped from the internet is worrying for viewers, and industry workers who need the exposure, says journalist and critic Zach Schonfeld

The Guardian - UK

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Six Figures in Sports Who Are Losing Power in 2024

As some see their stock rise, others fall. These once major players have all seen their influence dwindle of late.

Sports Illustrated

Next Text: Showcasing the Brilliance of David Zaslav?

Our weekly back-and-forth also looks at the big Disney-DirecTV deal, Synamedia's 'Senza' cloud-based streaming dongle ... and the terrifying Big Ten fate of the once-proud UCLA football program

Broadcasting & Cable

Disney and ESPN Treat Us All Terribly, and It's a Problem

Also in this week's 'Next Text,' we ponder the new Gotham Sports App, The Trade Desk's entry into the TVOS biz ... and a new creative vision for Hollywood films

Broadcasting & Cable

Is Warner Bros. Discovery's Financial Health Really 'Better Than It Appears'?

Also in this week's 'Next Text,' we kick the tires on Venu Sports' future, whether 'home entertainment' still exists ... and those who would doubt Caleb Williams

Broadcasting & Cable

Warner Bros. Discovery Cable Nets Chief Kathleen Finch Is Leaving

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

Multichannel News

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

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

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Player One

Warner Bros. Discovery Considers Licensing Intellectual Property to Other Studios

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

Inverse

Warner Bros. Is About to Make The Smartest Decision Ever For Batman Games

WB licensing out DC characters and other IP could be for the best.

Multichannel News

Warner Stock Plunges to All-Time Low Following $9 Billion Q2 Write-Down

After losing the NBA and swinging back to a quarterly loss on streaming, investor optimism begins to fade

International Business Times

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.

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Broadcasting & Cable

Why It’s ‘Stupid’ for David Zaslav to Chase an NBA Package So Specifically Designed for Amazon

Also in this week’s ‘Next Text,’ we ponder Pete Rose’s next sports bet, the irresistible proposition of fixed wireless ... and a bleak but terrifyingly possible future in which we don’t get to vote anymore

The Independent UK

Parent company of TNT sues NBA for not accepting its matching offer

Warner Bros. Discovery has sued the NBA after the league did not accept the company’s matching offer for one of the packages in its upcoming 11-year media rights deal.

Multichannel News

Warner and Turner Sue the NBA Over Failed Renewal Deal

Less than 48 hours after threatening the league with ‘action,’ media company gives it … the action … and we have the lawsuit here

Broadcasting & Cable

Warner Says It Will 'Take Appropriate Action' Against the NBA After Getting Spurned for Amazon

'We think [the NBA has] grossly misinterpreted our contractual rights with respect to the 2025-26 season and beyond,' declares TNT

International Business Times

Warner Bros Discovery Eyes Split Of Streaming, Studio Businesses To Improve Stock Performance

CEO David Zaslav is reportedly evaluating various strategic moves, including selling certain assets or creating a new entity.

USA Today Sports Media Group

The NBA’s new broadcast deals are reportedly agreed to, which means the end for NBA on TNT may finally be here

It's not quite over for Inside the NBA just yet

Tom’s Guide

Harry Potter TV show — everything we know about HBO television reboot

HBO's Harry Potter TV show is set to be one of the most anticipated television events ever — here's what we know.

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