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.
Tags: Warner bros
Paramount Delays Deadline to Convince Investors Its Warner Bros Bid Is Better
Paramount extends its deadline to convince investors its bid for Warner Bros is stronger than Netflix's rival offer.
Netflix Switches to Cash Offer for Warner Bros, Aiming to Close Door on Paramount
Netflix switches to an all-cash $82.7B offer for Warner Bros to outpace Paramount and secure the deal.
Paramount Skydance Cites Warner Bros' Lack of Communication as Catalyst for Hostile Bid
Paramount Skydance says Warner Bros' lack of communication pushed it to launch a hostile $108.4 billion takeover bid.
Warner Bros Discovery Says 'No' to Paramount's Early Takeover Proposal
Warner Bros Discovery rejects Paramount's early $20-per-share takeover offer, signaling tough negotiations ahead.
Latest News
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 is in private discussions with other entertainment companies to explore merging its Paramount+ streaming service with an existing platform.
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.
The 6pm TV3 news has been saved, undergoing a complete transformation and will be provided by rival media company Stuff following the closure of Newshub in early July.
Warner Bros. Discovery has announced that two of its directors, Steven Miron and Steven Newhouse, are resigning from the board.
Former Warner Bros. executive Jay Levine assumes CEO role at Kevin Hart's Hartbeat, aiming to expand the entertainment company's reach and innovation.
FuboTV has filed a lawsuit against Disney, Fox, and Warner Bros. Discovery over their sports streaming joint venture.
The US Department of Justice plans to investigate the new streaming venture between Walt Disney Co., Fox Corp., and Warner Bros. Discovery Inc. amid concerns of potential harm to consumers, media competitors, and sports leagues.
Walt Disney's ESPN, Fox, and Warner Bros. Discovery have announced plans to collaborate on a new sports streaming service.
