Tags: Warner bros
Warner Bros Discovery Reports Nearly $10 Billion Loss as TV Assets Value Plummets
Warner Bros Discovery’s shares dropped 12% in premarket trading after announcing a $9.1 billion write-down and a $10 billion net loss, reflecting their ongoing struggles to keep up with other giant media.
NBA Partners with Amazon, Disney, and NBC Universal in $77 Billion Media Deal, Rejecting Warner Bros.
The NBA has chosen Amazon as its new media partner for an 11-year, $77 billion deal, rejecting Warner Bros. Discovery's attempt to match the offer and limiting their rights to a streaming-only arrangement.
Paramount Global in Merger Talks to Integrate Paramount+ with Rival Streaming Platform
Paramount Global is in private discussions with other entertainment companies to explore merging its Paramount+ streaming service with an existing platform.
Music Industry Titans File Lawsuit Against AI Companies for Copyright Abuse
Major record labels, including Sony Music, Universal Music Group, and Warner Records, are suing AI start-ups Suno and Udio for allegedly committing extensive copyright violations.