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The Latest Breaking News from David Zaslav

Combined HBO Max and Discovery+ to launch in 2023 as Warner Bros. Discovery rejects AT&T strategy

LOS ANGELES — Warner Bros. Discovery gave more details about its plan to combine streaming services HBO Max and Discovery+ into one offering, as the company seeks a more disciplined strategy to succeed in the streaming wars amid wild speculation about its future.

Los Angeles Times

Warner Bros. axes $90 million ‘Batgirl’ movie. Directors ‘saddened and shocked’

LOS ANGELES — Warner Bros. has scrapped plans to release a nearly finished “Batgirl” movie that was planned for the streaming service HBO Max, according to two people familiar with the matter who were not authorized to speak publicly.

Los Angeles Times

Nearly finished, $90 million ‘Batgirl’ movie shelved by Warner Bros.

Directors ‘saddened and shocked’ that their superhero movie, meant for HBO Max, has been buried.

Chicago Sun-Times

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Batgirl directors respond to surprise axing of film: ‘We still can’t believe it’

Adil El Arbi and Bilall Fallah have released a statement to express shock and sadness over the decision for their already shot film to be killed

The Guardian - US

Warner Bros. Axes ‘Batgirl,’ Won’t Release $90M HBO Max Film

Warner Bros. has axed the $90 million “Batgirl” film planned for HBO Max, according to a person connected with the film who was not authorized to speak publicly about it. The decision was highly unusual for such a high-priced and high-profile movie. But the studio ultimately decided “Batgirl” didn’t merit…

Asharq Al-Awsat

Warner Bros. axes 'Batgirl,' won't release $90M HBO Max film

Warner Bros

The Independent UK

Warner Bros. axes $90 million 'Batgirl' movie that had been planned for HBO Max

LOS ANGELES — Warner Bros. has scrapped plans to release a nearly finished "Batgirl" movie that was planned for the streaming service HBO Max, according to two people familiar with the matter who were not authorized to speak publicly.

Los Angeles Times

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Batgirl earned Glasgow 'significant economic benefit' despite film being canned by studio bosses

Glasgow City Council insisted the decision to scrap the Batgirl movie was purely a corporate matter for studio executives.

Daily Record

Tax concerns axed Batgirl, but studios will suffer if they become too cynical

Hollywood has always been hard-hearted – but now more than ever, it needs to remember that films are more than just profit-generating ‘content’

The Guardian - UK

At HBO Max and Discovery the Real Drama is Waiting for the Next Cuts

The pursuit of cost savings is claiming some familiar shows and raising fears for others.

The Street

Warner Bros. Discovery Cancels 'Full Frontal with Samantha Bee'

Was the beloved late night show the latest victim of budget cuts?

The Street

CNN evaluating partisan talent as part of push to make coverage more neutral

The network's new boss, Chris Licht, could oust individual CNN contributors who don't embrace the new approach, sources say.

Axios

CNN cutting back on over-hyping everything as "breaking news"

“We are truth-tellers, focused on informing, not alarming our viewers," CNN's new boss said.

Axios

Time 100 Most Influential List Includes 10 Connected To Public Companies Such As Tim Cook, Andy Jassy And Joe Rogan

The annual Time 100 Most Influential People list for 2022 contains names such as U.S. President Joe Biden, Ukrainian President Volodymyr Zelenskyy and Chinese President Xi Jinping. The list also has several CEOs and names connected to public companies.

Benzinga

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The Independent UK

Chris Wallace interview show to be featured on CNN Sundays

Chris Wallace, the most prominent personality lured to the since-shuttered CNN+ streaming service, will host an interview show on Sunday nights on the television network starting this fall

Bangkok Post

Median CEO Pay Package Rose to $14.7 Million in 2021, a New High

The median pay package for chief executives of the biggest U.S. companies reached $14.7 million in 2021, setting a sixth-straight annual record as strong profits and robust markets boosted performance measures.

The Street

Warner Bros. Discovery New CEO Is Ready to Take On Netflix

After scuttling the short-lived CNN+, David Zaslav wants everything in one place.

The Guardian - US

Less advocacy, more journalism. Changes at CNN and New York Times may signal push to the centre

Cable company’s demise comes a month after launching as mainstream media tackle bleed-through of opinion into news

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Axios

Inside the chaotic collapse of CNN+

The tea leaves were there.

Benzinga

Why Warner Bros.Discovery Shares Are Plunging Today

Warner Bros.Discovery Inc (NASDAQ:WBD) is shutting down CNN's news streaming service CNN+ on April 30. The new management (formed after CNN's former parent company, WarnerMedia, merged with Discovery) decided to shut down the service following its March 29 launch. WBD CEO David Zaslav looks to house all of the company's brands under one…

Axios

Scoop: CNN+ looks doomed

CNN execs think the launch has been successful. Discovery executives disagree.

The Street

Can Batman and The Justice League Save Warner Bros. Discovery?

There’s been no greater source of blockbuster films in the past decade than superhero fare.

Benzinga

CNN's News Streaming Service Struggles To Attract Viewers, Casting Doubt Over Its Future

Fewer than 10,000 people have watched Warner Bros.Discovery Inc's (NASDAQ:WBD) streaming service CNN+ daily since its March 29 launch, CNBC reports. Warner Bros. Discovery looks to cut hundreds of millions of investment dollars for the service, given concern over its future. Incoming CNN chief Chris Licht will join Warner Bros. Discovery on May…

The Street

AT&T Stock Adjusts For Warner Bros Discovery Debut; JPMorgan Resumes Coverage With 'Overweight' Rating

Warner Bros Discovery will begin trading today on the Nasdaq under the ticker symbol 'WBD' following the $43 billion media asset merger between AT&T and Discovery.

Axios

Discovery and WarnerMedia close $43 billion merger

The new company immediately becomes one of the entertainment industry's biggest players alongside Disney and Netflix.

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