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The Latest Breaking News from Warner Bros Discovery

Warner Bros Discovery To Undergo Major Global Ad Sales Team Restructuring

Warner Bros. Discovery, Inc (NASDAQ:WBD) could downsize up to 30% or nearly 1,000 jobs in its global advertising sales team, Reuters reports. Warner offered members of its U.S. advertising sales team an option to leave the company voluntarily. The global advertising sales team has ~3,000 members. Also Read: Warner Bros. Discovery Registers 15%…

Benzinga

Could Joker And Harley Quinn Have A Bad Romance In Sequel? Here's Who The Studio Is Targeting To Play The Henchwoman

Musician and actress Lady Gaga is being targeted to play Harley Quinn in the highly anticipated “Joker 2” sequel movie. If Lady Gaga joins, the second movie could have a much different feel and even find itself in a new genre.

Benzinga

Check Out What Whales Are Doing With WBD

A whale with a lot of money to spend has taken a noticeably bearish stance on Warner Bros Discovery. Looking at options history for Warner Bros.Discovery (NASDAQ:WBD) we detected 10 strange trades.

Benzinga

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CNN evaluating partisan talent as part of push to make coverage more neutral

The network's new boss, Chris Licht, could oust individual CNN contributors who don't embrace the new approach, sources say.

Axios

BT-Warner Bros Discovery Sports Deal Invites UK Antitrust Inspection

BT Group Plc's (OTC:BTGOF) £633 million ($797 million) sports TV joint venture with Warner Bros Discovery, Inc (NASDAQ:WBD) is subject to antitrust scrutiny from the U.K.'s competition watchdog, Bloomberg reports. The Competition and Markets Authority enquired whether the transaction could raise competition concerns. Accordingly, CMA will decide whether to move to an in-depth probe…

Benzinga

Chris Wallace interview show to be featured on CNN Sundays

Chris Wallace, the most prominent personality lured to the since-shuttered CNN+ streaming service, will host an interview show on Sunday nights on the television network starting this fall

The Independent UK

Chris Wallace to anchor new show on CNN

The longtime Fox News host recently moved over to CNN to launch a show on its now-defunct streaming service.

Axios

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PFA chief executive: Champions League changes made with no player consultation

UEFA finally confirmed a new look for Europe’s premier club competition this week.

The Independent UK

Morning Brief: Top Financial Stories Dominating on Thursday, May 12

CNBC Instacart Confidentially Files For US IPO

Benzinga

BT-Warner Bros Discovery Collaborate Over Premium Sports in UK and Ireland

BT Group Plc (OTC:BTGOF) concluded its long-awaited deal with Warner Bros Discovery, Inc (NASDAQ:WBD) to form a joint venture for its sports business as it reinstated its full-year dividend. BT will receive £93 million from Warner Bros Discovery and up to £540 million on an earn-out subject to the accomplishment of specific goals. In February, BT announced…

Benzinga

BT Sport strike TV deal worth up to £633m as company joins forces with 'content powerhouse'

BT Sport has decided to branch out as the telecoms operator seeks external investment as they look to promote company growth

Liverpool Echo

BT and Warner Bros Discovery join forces to create pay-TV sport business

Joint venture will bring together rights to sports including Premier League, Champions League and Olympics

The Guardian - UK

Is Trouble Ahead For Netflix's US Dominance? Another Streaming Rival Reports Q1 Gains

Shares of many streaming-related companies were dragged down after market leader Netflix Inc (NASDAQ: NFLX) reported April 19 a loss in quarterly subscribers for the first time in over 10 years.

Benzinga

Netflix faces losing licensed hit shows to streaming rivals

Exclusive figures reveal hit shows such as Friends could be pulled when current contracts expire

The Guardian - UK

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Benzinga

Charles Schwab And 2 Other Stocks Insiders Are Buying

Although the Dow Jones jumped by more than 600 points on Thursday, there were a few notable insider trades.

Chicago Sun-Times

Fox retains Big Ten’s primary TV package; details, other partners still in works

We’re about a month to six weeks away from the Big Ten finalizing its next media-rights deal, which will take effect in the fall of 2023.

Benzinga

Why Warner Bros. Discovery Shares Are Falling

Warner Bros. Discovery Inc (NASDAQ: WBD) shares are trading lower by 4.91% at $20.44 after the company reported first-quarter financial results.

The Independent UK

CNN’s streaming service shutting down a month after launch

CNN’s brand-new streaming service, CNN+, is shutting down only a month after launch

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Input

CNN+ got canned faster than Quibi

CNN's streaming service had a rough launch, and after about a month of existence, it's heading for the chopping block.

Benzinga

Move Over Netflix? HBO Max Is Gaining Subscribers And Market Share

Shares of streaming-related stocks were hammered this week after an earnings report from Netflix Inc (NASDAQ: NFLX) saw a decline in quarterly subscribers. One streaming company reported a strong gain in the same quarter and could be taking market share from Netflix.

The Independent UK

CNN's streaming service shutting down a month after launch

CNN’s brand-new streaming service, CNN+, is shutting down only a month after launch

Benzinga

Why Warner Bros. Discovery Shares Are Falling Following Netflix's Earnings Report

Warner Bros. Discovery (NASDAQ: WBD) shares are trading lower in sympathy with a decline in Netflix Inc (NASDAQ: NFLX) shares after Netflix reported first-quarter earnings results.

Benzinga

Warner Bros.Discovery Suspends External Marketing Spend For CNN+: Axios

Warner Bros.Discovery Inc (NASDAQ:WBD) suspended every external marketing spending for its recently launched streaming service CNN+ and laid off CNN's CFO Brad Ferrer, Axios reports. Discovery's current CFO for streaming and international, Neil Chugani, succeeded Ferrer. The report added that Warner Bros. Discovery looks to eliminate other high-level positions at WarnerMedia across…

Benzinga

This Analyst Picks 6 Bullish, 2 Bearish Stocks In The Entertainment Sector: What Are They And What Investors Should Know

Wondering which internet and media stocks to invest in and the ones to stay away from? Here’s what Rosenblatt Securities analyst Barton Crockett recommends for buying and selling. Charter Communications

Axios

Scoop: CNN+ looks doomed

CNN execs think the launch has been successful. Discovery executives disagree.

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