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The Latest Breaking News from Warner Bros Discovery

'The Penguin' is a must-watch on Max this month — 'The Batman' meets 'The Godfather'

'The Penguin' is a must-watch on Max when it premieres on Sept. 19. This show is more a mob movie than a Batman show, but having watched it, that's not a bad thing at all.

Tom’s Guide

HBO posts casting call for next-generation Harry Potter TV series

Studio advertises for British and Irish children aged 9-11 to play Hogwarts heroes in ‘decade-long’ TV adaptations

The Guardian - UK

Hogwarts Legacy 2 is a top priority to get on shelves, says Warner Bros. exec of PS5, PC and Xbox game future

Warner Bros. Discovery’s CFO suggests Hogwarts Legacy 2 could only be a ‘couple years’ away

Evening Standard

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Volkswagen May Close Factories In Europe: ‘It’s A Catastrophe’

Volkswagen is considering to shut down one plant and one components factory in Germany to cut costs amid rising competition from China.

InsideEVs

Disney and ESPN Treat Us All Terribly, and It's a Problem

Also in this week's 'Next Text,' we ponder the new Gotham Sports App, The Trade Desk's entry into the TVOS biz ... and a new creative vision for Hollywood films

Broadcasting & Cable

Future of sports streaming market, consumer options under further scrutiny after Venu Sports ruling

With the U.S. Open tennis tournament beginning Monday and college football kicking into high gear, this was supposed to be the week when some expected the Venu Sports streaming service to have a soft launch at least

The Independent UK

Streaming Shake-up, Shakeout Brewing as Program, Economic Factors Shift

Despite increasing viewing numbers, challenges remain

TV Tech

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Judge blocks plans for sports joint streaming venture among Fox, ESPN and Warner Brothers

The launch of Venu Sports will be delayed after a federal judge granted FuboTV’s motion for a preliminary injunction against the planned sports streaming venture by ESPN, Fox and Warner Bros

The Independent UK

Fubo Wins Preliminary Injunction Blocking the Launch of Venu Sports

The court ruling in a lawsuit filed by vMVPD Fubo stops the launch of the sports streaming service backed by Disney, Fox and Warner Bros. Discovery

TV Tech

Warner Bros. Discovery Cable Nets Chief Kathleen Finch Is Leaving

Channing Dungey, Warner Bros. TV group CEO, to run U.S. networks

Multichannel News

WBD vs. GOGO Hit 52-Week Lows: Which is the Better Buy?

Warner Bros. Discovery hit its 35th 52-week low on Tuesday. Gogo hit its 32nd of the past 12 months. The former also hit its 32nd 2-year low, while the latter had its 43rd 2-year low. While they’re both troubled companies, one is a better buy than the other. Here’s why.

Barchart

WBD Reports Record European Streaming and TV Viewing for Paris Olympics

7B minutes of coverage was viewed in Europe during the games as Max added a record number of new subscribers

TV Tech

Parsing Linear TV's Massive $15 Billion Correction

Also in this week's 'Next Text,' we check in on Elon Musk's $44 billion propaganda machine, and we process all we loved (and loathed) about The Olympics

Broadcasting & Cable

Paramount Global To Cut 15% Of US Staff, Take $6B Write-Down Ahead Of Skydance Merger

The decision will affect around 2,000 employees over the coming weeks.

International Business Times

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Player One

Warner Bros. Discovery Considers Licensing Intellectual Property to Other Studios

Warner Bros. Discovery is reportedly considering licensing its intellectual property to other game studios.

Top News

Paramount Global To Lay Off 15% Of US Staff

Paramount Global announces layoffs and write-downs ahead of Skydance merger, reflecting industry shifts in traditional TV and print media, while streaming ...

TV Tech

Warner Bros Discovery Adds 3.6M Streaming Subs, Writes Down Value of Its Cable Nets by $9.1B

WBD stock slumped after announcing major write downs and reporting reduced revenue for both networks and streaming

International Business Times

Warner Bros. Discovery Stock Plunges On $10 Bn Quarterly Loss

Almost all of the loss was down to a $9.1 billion write-down in the value of the US media giant's cable network, it announced in a statement, underscoring the challenges facing the legacy television industry.

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Broadcasting & Cable

Turner Acquires Rights to the Savannah Bananas, Secures Charles Barkley, as It Searches For a Post-NBA Sports Future

The Harlem Globetrotters-esque baseball ‘team’ generates $10 million a year in live-event revenue

Barchart

S&P Futures Climb as Risk Sentiment Improves, Disney Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are trending up +0.91% this morning, extending the rebound from Monday’s dramatic selloff, supported by remarks from a senior Bank of Japan official ruling out further rate hikes during periods of market instability, while investors awaited a new batch of earnings reports.

Player One

Warner Bros. Discovery Looking to Sell Games to Avoid Total Breakup

Warner Bros. Discovery senior management is talking of selling games in order to avoid a total breakup and prevent triggering other complications.

Broadcasting & Cable

Fubo Loses 61,000 Subscribers But Reduces Losses in Fourth Quarter

Revenue grow 25%

TechRadar

Max's new homepage should make it way easier to find things you actually want to watch

Max's new homepage personalization system helps you find movies and TV shows you actually want to watch.

Tom’s Guide

I'm passing on Venu Sports — here's why the streaming service isn't for me

Venu Sports isn't for me, and it probably isn't for you. Here's why Venu's price has me passing on the sports streaming service from Disney, Fox and Warner Bros. Discovery.

Broadcasting & Cable

Max's New Homepage Aims to Fight Search Fatigue

Warner Bros. Discovery says the change has already increased viewer engagement

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