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The Latest Breaking News from WBD

Warner Bros. Discovery Stock Is Unusually Active: Is This the Ultimate Covered Call?

Warner Bros. Discovery’s June 28 $8 call had the highest Vol/OI ratio in Wednesday trading, with a volume of 106,305, a whopping 476.70x its open interest. That’s unusual options activity on steroids, suggesting it might be an excellent covered call opportunity for existing shareholders.

Barchart

Gunnar Wiedenfels: Warner Can Still Match Any Rival NBA Rights Offer … ‘But We’re Going to Be Disciplined’

WBD CFO’s maddeningly convoluted statement on the current state of NBA rights talks come amid reports that the league is ready to move on with new telecast partners

Broadcasting & Cable

NBA Reportedly Set to Finalize Deals With ESPN, Amazon and NBCU, Leave TNT and 'Inside the NBA' Behind

With telecast partners are about to sign written contracts worth $7.4 billion a season, Warner CFO Gunnar Wiedenfels still insists his company has the rights to match rival bids

Broadcasting & Cable

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Upfronts Put Football, Big Stars, Tech Talk in the Spotlight

Networks played ‘Can You Top This’ with bold-faced names and ad capabilities

Multichannel News

Is Roger Goodell Spreading the NFL's Love Too Thin?

Also in this week's Next Text, Venu takes a shot to the vowels, AI gets more hype ... and we ponder whether it's MLB, and not the game of baseball, that's boring

Broadcasting & Cable

Warner Bros. Discovery Stock: Is Wall Street Bullish or Bearish?

Despite underperforming the broader market YTD, Wall Street analysts are cautiously bullish about Warner Bros. Discovery’s prospects.

Barchart

TV Tech's Weekly Product Wrap-Up

TV Tech’s product and services news coverage from May 13 to 17

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WBD Unveils Advanced Advertising Features for Max

New shoppable, contextual, interactive and video ad formats will be available on the streaming service in Q4 2024

TV Tech

WBD Upfront Show Offers Peeks at ‘House of the Dragon,’ ‘White Lotus,’ Biden-Trump Debate

CNN chief Mark Thompson shares that he got a yes from incumbent president and former president for June debate

Multichannel News

Warner Bros. Discovery Shows Off Advanced-Ad Offerings on Max (Upfronts)

Shoppable, contextual and interactive options available

Broadcasting & Cable

Comcast Plans Peacock, Netflix, Apple TV+ Streaming Bundle

The bundle will launch this month and offer discounted pricing according to Comcast’s Brian Roberts

TV Tech

Batman: The Animated Series' spiritual successor gets August release date on Prime Video, and it looks gorgeous

Batman: Caped Crusader is a great-looking animated collaboration from J.J. Abrams, Bruce Timm, and Matt Reeves.

TechRadar

Third NBA Rights Option Emerges for David Zaslav and Warner Bros. — Match Amazon’s $1.8 Billion Bid

While telling analysts he didn’t want to discuss NBA negotiations during Thursday’s earnings call, the WBD CEO did want to remind them he could match any third-party offer

Broadcasting & Cable

Hoops fans are torn about potentially getting the NBA on NBC theme song back while losing Inside the NBA

We could see the NBA on NBC back with the iconic theme song ... but at what cost?

USA Today Sports Media Group

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Warner Bros. Discovery Stock Up After Earnings, Disney Plus Bundle Deal

Warner Bros. Discovery shares are higher Thursday after the media giant disclosed Q1 earnings and a bundle deal with Disney. Here's what you need to know.

Broadcasting & Cable

CEO David Zaslav On How Warner Bros. Discovery Is Using AI

Technology employed to improve advertising, content discovery, not content creation

TV Tech

WBD Nears 100M Streaming Subs, Streaming Profits Up

Despite streaming growth, Warner Bros. Discovery reported lower than expected revenue, earnings

TV Tech

Disney, WBD to Offer Streaming Bundle Starting this Summer

‘First of its kind offering’ will offer Disney+, Hulu and Max for one yet to be announced price

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Multichannel News

Warner Bros. Discovery Reports $966 Million First-Quarter Loss

Direct-to-consumer business adds 2 million subs, with EBITDA up 72%

Broadcasting & Cable

Disney and Warner Set to Bundle Disney Plus, Max and Hulu Starting This Summer

Media companies call their triple streaming play 'the best value in entertainment,' but no price or specific launch day was revealed

Tom’s Guide

Max subscription prices are about to go up again — yup, streaming is becoming cable

Warner Bros. Discovery is still recovering from its merger and more cost cutting measures and price hikes are in the pipeline for the company this year.

Broadcasting & Cable

Warner Bros. Discovery Reportedly Plans To Cut More Jobs and Budgets, Raise Max Streaming Price

Finishing 2023 with more than $44 billion of debt, media conglomerate looks for more appendages to chop off

Broadcasting & Cable

David Zaslav Sidesteps NBA and Paramount M&A Questions at Milken Conference, Bombastically Declares That Exec Pay Should Align With Stock Price

‘We love the NBA,’ the Warner Bros. Discovery CEO said

Broadcasting & Cable

Why Audiences Have Turned on Jerry Seinfeld and Other Mysteries of the Media-Entertainment Cosmos

Our latest ‘Next Text’ also ponders, is the NBA In-Season Tournament dead … like TNT? And when addressing Paramount’s ‘Office of the CEO,’ which set of eyes do you look into?

TV Tech

Fubo, Dish, DirecTV & Others Urge Congress to Probe New Sports Streaming JV

A joint letter said that the new WBD, Disney, Fox streaming JV raises “serious competition concerns”

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