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Mediaindustry

All articles tagged with #mediaindustry

business1 year ago

Warner Bros. Discovery Restructures for Strategic Flexibility and Growth

Warner Bros. Discovery has announced a new corporate structure to enhance strategic flexibility and unlock shareholder value by dividing into two main divisions: Global Linear Networks and Streaming & Studios. This restructuring aims to focus on profitability and growth, with the company expecting to complete the changes by mid-2025. The move is designed to better align the organization with evolving media landscapes and create opportunities for future strategic initiatives.

via PR Newswire|
#business#corporatestructure#mediaindustry
business1 year ago

Warner Bros. Discovery Stock Soars with Max Streaming Surge and M&A Optimism

Warner Bros. Discovery's stock surged over 11% following strong Q3 results, driven by the success of its Max streaming service, which saw a 9% revenue increase and a significant rise in global subscribers. The company anticipates exceeding its $1 billion streaming profit target by 2025. CEO David Zaslav expressed optimism about potential media industry consolidation under the incoming Trump administration. Despite streaming gains, WBD's linear TV and film studio segments faced challenges, with declining ad revenue and box office performance.

via Variety|
#business#manda#mediaindustry
business1 year ago

Warner Bros. CEO Calls 'Joker 2' Disappointing Amid Breakup Speculation

Warner Bros. Discovery CEO David Zaslav admitted that "Joker 2" was disappointing, impacting the company's financial performance. During a call with investors, executives faced questions about the potential breakup of the media conglomerate due to its declining earnings and significant debt. The company is struggling with the transition to streaming as traditional cable networks lose subscribers. Analysts questioned the benefits of maintaining the current portfolio, while Zaslav acknowledged the need for industry consolidation amid "generational disruption."

via Variety|
#business#davidzaslav#joker2
business1 year ago

Warner Bros. Discovery Surges with Record Streaming Growth and Profit

Warner Bros. Discovery's streaming platform Max added 7.2 million subscribers in the third quarter, marking its largest single-quarter growth and bringing its total to 110.5 million subscribers. This growth comes as the company faces challenges in its traditional TV networks due to cord-cutting and a weak advertising market. Despite a 4% revenue decline to $9.62 billion, the streaming segment's revenue increased by 8% to $2.63 billion, driven by subscriber growth and higher advertising revenue. The streaming industry overall is seeing subscriber growth, with Netflix and Peacock also reporting increases.

via CNBC|
#business#maxsubscribers#mediaindustry
business-and-corporate2 years ago

"Warner Bros. Discovery Announces Departure of Communications Chief Nathaniel Brown"

Nathaniel Brown is stepping down from his role as the Chief Communications Officer at Warner Bros Discovery, marking an amicable departure after a five-year tenure that included the merger of Discovery and WarnerMedia. Warner Bros Discovery CEO David Zaslav praised Brown's contributions during a transformative period for the company. Interim oversight of corporate communications will be handled by Laura Watson and Katie Martin Kelley while the company searches for Brown's successor. Brown plans to take some downtime before returning to the corporate communications field.

via Deadline|
##business-and-corporate#corporatecommunications
business2 years ago

"Comcast and Paramount Secure Renewed Carriage Agreement, Preventing CBS Blackout"

Paramount Global and Comcast have renewed their carriage agreement, ensuring that Paramount's cable channels and CBS-owned stations will continue to be available to Comcast's vast subscriber base. This deal is significant for Paramount's financial stability and comes amidst speculation of potential mergers and acquisitions involving the media company. The terms of the agreement are seen as indicative of the value that traditional cable deals still hold in an industry increasingly shifting towards streaming platforms.

via Variety|
##business#cablecarriageagreement