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Warner Bros. Discovery

Warner Bros. Discovery Wins Over Two More Wall Street Analysts for Upgrades

Add Wells Fargo and Wolfe Research analysts to the growing list of Wall Street experts who have turned bullish on Warner Bros. Discovery. Last April saw the creation of the merged Warner Bros. Discovery followed by various cost-cutting challenges for the management team led by CEO David Zaslav, causing a sharp drop in the stock. […]

Warner Bros. Discovery CFO Says Reduced Content Spend Has Trimmed “Excess”

Gunnar Wiedenfels said the worst of a challenging effort to combine AT&T’s WarnerMedia unit and Discovery is now behind the Hollywood studio eleven months after the merger.   “It was a tough year last year. Happy with what we achieved, and much, much better to be sitting here this year with a little bit of tailwind from […]

Warner Bros. Discovery Renews HBO Content Deal With Japan’s U-Next Streaming Service

Warner Bros. Discovery has renewed a content output deal with Japanese streamer U-Next. The Tokyo-based service has been the home of HBO programming in Japan since April 2021. The two partners said Tuesday that the relationship has been extended, although financial terms and a duration for the licensing deal were not disclosed. HBO series and […]

Warner Bros. Discovery Tweaks Executive Pay, David Zaslav and Other Execs to Get Bonuses Based on Free Cash Flow, Debt Reduction

Warner Bros. Discovery is shifting its corporate focus to generating free cash flow and reducing its debt load, and it wants its top executives on the same page. The company on Monday said it will be tweaking its compensation packages for top executives, offering bonuses in the form of performance stock units based on their […]

HGTV Orders More of Two Young Shows, With an Eye on Diversifying Talent and Streaming Output

HGTV, like all legacy Discovery channels, can no longer program exclusively for cable. There’s also streamer Discovery+ to think of, and, in a few months, the parent company’s HBO Max replacement that will also include the sprawling lifestyle roster. So, naturally, orders aren’t slowing down. The latest re-ups are particularly interesting — not just because […]

Australia’s Foxtel Inks Multi-Year Deal to Retain Warner Bros. Discovery Content

Australian pay-TV group Foxtel will remain the home down under of HBO content after revealing a new multi-year deal Wednesday with Warner Bros. Discovery. The two partners described the agreement as “a multi-year, multi-faceted content and platform agreement,” which will keep HBO’s prestige hits like House of the Dragon, The Last of Us, Succession and The White […]

‘Lord of the Rings’: Amazon, Warner Bros. Ready for Tolkien Battle

When Amazon debuted its highly anticipated Most Expensive TV Series Ever Made — The Lord of the Rings: The Rings of Power last fall — the company had to contend with a bothersome rival from Warner Bros. Discovery: the Game of Thrones prequel House of the Dragon. Warners picked a debut date for its prestige […]

David Zaslav Chases the One Metric to Rule Them All: Streaming Profits

If the past five years were about chasing Netflix’s up-and-to-the-right trajectory for streaming subscribers, this year begins a pivot in that approach for its rivals. While adding subscribers is still important, now the likes of Disney, Warner Bros. Discovery, Paramount and NBCUniversal find themselves envious of something else Netflix has in spades: Streaming profits. Like […]

Warner Bros. Discovery Seeks to Exit Regional Sports Networks Business

Warner Bros. Discovery is looking to get out of the regional sports networks business. The media and entertainment giant, which also owns Turner Sports, sent a letter to the sports teams whose games it carries that it does not have the cash to pay upcoming rights fees, and that WBD will not fund the shortfall. […]

‘South Park’ Licensing Deal Sparks Lawsuit From Warner Bros. Discovery Against Paramount Global

Warner Bros. Discovery is suing to enforce its exclusive streaming rights to South Park on HBO Max. A lawsuit filed on Friday in New York state court accuses Paramount Global of going back on a $500 million licensing deal reached in 2019 with Warners by diverting South Park specials and other related content to its […]

“Turning the Corner?”: Warner Bros. Discovery Stock Analysts See Positive Trends Amid Open Questions

Reduced streaming losses, strong free cash flow and a focus on debt reduction – those were some of the positives in Warner Bros. Discovery’s fourth-quarter earnings update on Feb. 24 that were dissected by Wall Street experts overnight. But some also turned their attention to questions about the future. “Turning the Corner?” asked the MoffettNathanson […]

New ‘Lord of the Rings’ Movies in the Works at Warners, New Line

Warner Bros. and New Line are going back to Middle-earth, with the studio making a deal that will allow it to develop more Lord of the Rings movies. The multiyear pact with rights holders Embracer Group AB allows Warners to develop features based on J.R.R. Tolkien’s Lord of the Rings books and The Hobbit. Embracer […]