In a complete about-face from the business strategy employed by former WarnerMedia CEO Jason Kilar, Warner Bros. Discovery boss David Zaslav made it firm today that the new merged entertainment conglomerate “will fully embrace theatrical.” Period. “We have a different view on the wisdom of releasing direct-to-streaming films, and we have taken some aggressive steps
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Warner Bros. Discovery Friday detailed its charges for the second quarter that included a combined $825 million hit on the content side, including $496 million for content impairment and $329 million for content development write-downs, as well as $208 million for employee terminations for the three months ended June. As reported Thursday, WBD posted a
Newly minted Warner Bros. Discovery posted hefty losses and $9.8 billion in revenue at its landmark first earnings report since Warner Media and Discovery formally tied the knot. That April 8 deal marks a major shift in the media landscape with the combined company publicly starting to take shape today. CEO David, Zaslav, CFO Gunnar