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The Latest Breaking News from Warner Bros Discovery

Abu Dhabi-backed group close to £1bn deal for Gogglebox maker All3Media

Telegraph bidder RedBird IMI in talks to buy UK’s largest independent TV production group

The Guardian - UK

Ad Sales Research Head Andrea Zapata is Leaving Warner Bros. Discovery

Exec moving to T-Mobile

Broadcasting & Cable

Stocks Finish Higher on U.S. Economic Optimism

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.41%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.39%. Stocks on Friday settled moderately higher, with the S&P...

Barchart

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Stocks Rally as Soft-Landing Prospects Improve

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.22%. Stocks this morning are moderately higher, with the S&P...

Barchart

Amazon Freevee adds 37 more free TV channels, including Bachelor Nation

Amazon Freevee's new free TV channel lineup includes shows like Bachelor Nation, Say Yes to the Dress, and Nikita.

Tom’s Guide

Amazon Freevee To Add 37 New FAST Channels From Warner Bros. Discovery

16 launched on Dec. 5 and the rest will bow in early 2024

TV Tech

Warner Discovery CEO David Zaslav says he was forced to lay off hundreds because WarnerMedia ‘had never been restructured for the future’

The layoffs were his "worst day on the job," but necessary to address the “generational disruption” in the industry, Zaslav said.

Fortune

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NASCAR to include streaming in new 7-year media rights deal that welcomes Amazon, TNT and Max

NASCAR has added two new partners and streaming elements to a seven-year media rights deal that will run from 2025 through the 2031 season

The Independent UK

Fieri's $100 million Food Network deal

"Recognized everywhere he goes, there is only one Guy Fieri"

Salon

People Were Angry About Max Getting Rid Of Looney Tunes Content In December, But What's Really Going On?

After it was reported that Looney Tunes content would be removed from Max, the streaming service responded.

Cinemablend

'Terrible news for US cycling fans': GCN+ users react to news service is closing

Streaming service and app due to shut down on 19 December

Cycling Weekly

After the shock closure of GCN+ and the GCN App, where does that leave MTB race coverage?

Mountain Bike World Cup coverage is currently without a home for the 2024 season as the subscription service GCN+ and its related app are due to close on December 19

Bike Perfect

GCN+ to close down in December as race broadcasts move to Discovery+ and Eurosport

'This decision comes from our parent company Warner Bros. Discovery and is driven by its global strategy'

Cycling News

GCN+ streaming service and app axed

The streaming service and app will close as a result of parent company restructuring

Cycling Weekly

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Cinemablend

As Coyote Vs. Acme Drama Continues, James Gunn Puts His Support Behind John Cena’s Movie

Amid the continued drama surrounding Warner Bros.' Coyote vs. Acme, James Gunn showed support for the film.

Broadcasting & Cable

Amazon Gets in Front of the Line as Warner Lets Filmmakers Shop Shelved 'Coyote vs. Acme'

Seventy-million-dollar animation/live-action project was the latest Warner Bros. film to be scuttled for tax and residuals breaks

Fortune

Warner Bros. Discovery lost 2.5 million streaming subscribers in the last 6 months while its rivals grew—and sports are partly to blame

The Hollywood strikes also had a role to play in Max’s declining subscribers

Fortune

First 'Batgirl,' now Roadrunner: David Zaslav cans Warner Bros. Looney Tunes film to harvest $30 million in taxable losses

Director Dave Green says he's "beyond devastated" by the decision to axe "Coyote vs. Acme," which had starred "Fast and Furious" alum John Cena.

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Fortune

Warner Bros. Discovery faces “generational disruption” dilemma after loading up on debt just as the TV ad market crashes

Investors recoiled at the news, sending the stock plummeting 19% and handing Zaslav his worst trading day in two years.

TV Tech

Warner Bros. Discovery Moves Streaming Operations into Profit as Subs Decline

DTC adjusted EBITDA was $111M, a $745M year-over-year improvement

Kiplinger

Max Is Ending Certain Perks for Ad-Free Subscribers

Legacy ad-free Max subscribers will lose two benefits in December.

Barchart

Markets Today: Stocks Slightly Higher Ahead of Comments from Fed Chair Powell

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.06%, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.01%. Stock index futures this morning are slightly higher. Some positive corporate news today is lifting stock index futures along with a decline in global bond yields. The...

Multichannel News

Warner Bros. Discovery Reports Streaming Profit Despite Shedding Subscribers

Overall net loss shrinks in third quarter

Barchart

S&P Futures Tread Water Ahead of Powell Speech, Disney Earnings on Tap

December S&P 500 futures (ESZ23) are trending up +0.06% this morning as investors looked ahead to comments from Fed Chair Jerome Powell for further clues on the U.S. central bank’s monetary policy path while also awaiting an earnings report from Disney.

Fortune

Hollywood is fighting over the 'Zombie Clause’ that critics allege would let studios use AI likenesses of dead actors without consent

The actors guild is concerned the clause doesn't offer protections to deceased actors.

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