HBO Shows to Play Exclusively in Middle East on OSN Under Expanded Deal With Warner Bros. Discovery (EXCLUSIVE)

Jennifer Maas TV Business Writer Warner Bros. Discovery received stock upgrades from two media analyst firms Friday for, among other things, making the decision to tie bonuses for CEO David Zaslav and his team to free cash flow performance. “We threw everything and the kitchen sink at a Downside Case scenario for WBD, and it still delevers to 3x by ’25E,” Wells Fargo analysts wrote in a research note published Friday, in which they upgraded WBD’s stock to “overweight” with a price target increase from $13 to $20 per share. “We now have conviction in FCF to limit downside, while the stock has asymmetric upside.” Meanwhile, Wolfe Research moved WBD from its “peer perform” rating to “outperform” and also upped the price target to $20. (At time of publication Friday, WBD stock was trading at $14.51 per share.)

Brent Lang Executive Editor Warner Bros. Discovery U.S. Hispanic has partnered with GroupM and Cocina Media on “El Toque de Aarón.” The all-new original seriesfollows celebrity chef Aarón Sánchez and his team as they help Latino restaurants in the Los Angeles area reach new heights. Kimberly Clark’s VivaÒ Paper Towels Brand will be an integrated sponsor, with other GroupM clients featured throughout the series. Sánchez will also act as an executive producer. The six-part series unfolds in Latino restaurants with great potential, ready to seize the opportunity to optimize their business – from devising a more exciting menu to improving the overall aesthetics to streamlining their execution and raising their public profile. Sánchez will help reimagine these restaurants to bring out their true soul, with a revamped menu and a refreshed space. In each 30-minute episode, the culinary wizard will put his personal touch on each menu item, while mentoring each restaurant’s chef and sharing tips and tricks of the trade along the way. Helping to round out the renewals with much-needed renovations are designer Cris Mercado (“HGTV Star; Remodelaciones con Celebridades“) and project manager Ángel Riveros (“Hogar Star”). Complicating matters is the fact that they have only four days to achieve this mission. The clock is ticking.

A big feature of the TCM Classic Film Festival is providing world premieres of major restorations of some of those classics. This year’s 14th annual fest is no different as Turner Classic Movies has announced its opening night, April 13, will feature the premiere of a 4K restoration of Howard Hawk’s 1959 Western Rio Bravo, in partnership with Martin Scorsese’s Film Foundation, as part of the yearlong celebration of Warner Bros’ 100th anniversary.

The 14th annual TCM Classic Film Festival will open with a restoration of “Rio Bravo” (1959) and appearance by Paul Thomas Anderson and Steven Spielberg in celebration of Warner Bros.’ 100th anniversary.Running from April 13-16 in Hollywood, the program will open with a conversation between TCM host Ben Mankiewicz and “Rio Bravo” star Angie Dickinson, who starred alongside John Wayne, Dean Martin and Ricky Nelson. The screening will mark the world premiere of the 4k restoration of the Warner Bros.

Nick Vivarelli International Correspondent Dubai-based CEO Sam Barnett leads the Middle East’s largest broadcaster MBC as it turbocharges its Shahid streaming service through a scripted content drive, and gives Netflix a run for its money. Shortly before the holy month of Ramadan, which is marathon TV time in the Arab world, Barnett spoke to Variety about the still crucial relevance of Ramadan season in luring eyeballs, MBC’s need to offer “interesting new types of content” outside of the holy period, and why the company remains resolutely pan-Arab while riding the wave of Saudi’s production boom. There is a perception that MBC is becoming more “Saudi-centric” since it now plays an important role in Saudi’s drive to become a major content producer. Can you talk to me about how this shift is playing out in your overall production strategy?

Elsa Keslassy International Correspondent Warner Bros. Discovery and Amazon Prime Video have set the launch date and pricing for their ‘Warner Pass’ offer in France to March 16. Priced at €9.99 per month, the offer will be available exclusively on Amazon Prime Video Channels in France, and will boast all of HBO programs, along with 12 channels, including Warner TV, Eurosport, Discovery Channel, Cartoon Network and CNN, as well as their associated on-demand services. Subscribers will benefit from a 30-day free trial until April 3. “The launch of Warner Pass exclusively as a Prime Video channel in France is the next step in our journey to become the destination for customers in France to find the best in storytelling, premium entertainment and sports,” said Brigitte Ricou-Bellan, Prime Video French Country Director.

Bloomberg reported on Thursday and TheWrap independently confirmed.The name change is meant to signal that the service will not just be HBO Max with Discovery content, nor will HBO Max be ported over to Discovery+. “Max” is the leading contender, though Warner Bros.

Warner Bros. Discovery is continuing its directors program after all.

Charna Flam After the recent decision to reshape its directors’ training program, Warner Bros. Discovery (WBD) announced its new Access Directors Program. WBD has rebranded and expanded the directors’ program to assist and nurture television directors through workshops and shadowing, led by WBD’s Diversity, Equity, and Inclusion (DEI) team. Participants will receive the opportunity to direct a full WBD television episode. In addition to workshops, directors will have the chance to work on WBD shows and participate in a virtual curriculum focused on best practices and equity mindset sessions, with the ability to shadow directors on up to two television episodes (during which participants may receive a small childcare stipend).

Japanese streamer U-Next has renewed its content deal with Warner Bros Discovery, under which it will continue to be the SVOD streaming home of HBO programming in Japan. 

Patrick Frater Asia Bureau Chief Warner Bros. Discovery and Japan’s U-Next have announced an extension of their relationship with a renewed deal to supply content to the SVOD platform. The agreement sees U-Next continue as the streaming home of HBO in Japan. Featuring exclusive content rights for HBO, HBO Original and HBO Max Original series, the strengthened agreement includes: current and future seasons of HBO’s “House of the Dragon,” “The Last of Us” and “Succession” as well as returning HBO Original and HBO Max Original series “True Detective: Night Country,” “Winning Time: The Rise of the Lakers Dynasty” and “And Just Like That…”

Nick Vivarelli International Correspondent CNN on Monday went live from a new state-of-the-art broadcasting facility in Abu Dhabi being touted as a new chapter in the network’s commitment to the Middle East.  The new high-tech CNN bureau, with a 10-million-pixel video wall and a suite of fully robotic HD cameras, is located on Abu Dhabi’s artificial Yas Island in the new Yas Creative Hub established to lure media industries to Abu Dhabi by twofour54, the government entity which is implementing the UAE’s capital city’s media and entertainment industry effort. The new CNN hub, which also includes four editing suites and a modern open-plan newsroom, increases the scale and scope of its UAE operation boosting Abu Dhabi’s role as “one of the network’s key international production hubs, alongside Atlanta, New York, London, and Hong Kong,” CNN said in a statement.

John Hopewell Chief International Correspondent Celebrated actor Nigel Havers and French journalist Sophie Davant will join Warner Bros. International Television Production (WBITVP) and ZDF Studios to celebrate 10 years and a now 10 territory roll-out of antique auction show “Cash or Trash.”  The property is produced by WBITVP and distributed internationally by ZDF Studios. Celebrations will take place as part of WBITVP’s Formats Showcase, held March 2 at BAFTA during this year’s London TV Screenings.  Havers (“Chariots of Fire,” “Finding Alice”) and Davant host the adaptations of “Cash or Trash,” on BBC One (“The Bidding Room”) and French public TV channel France 2 (“Affair Conclue”).

Seven months after landing the highly coveted top jobs at Warner Bros. Motion Picture studios, Co-Chairpersons Michael De Luca and Pamela Abdy were bestowed with the PGA Milestone award tonight and paid respect for their mega industry mentors, remembered emotionally their cinematic NYC and New Jersey youths, and gave a huge shoutout to their new boss, Warner Discovery CEO David Zaslav.

Warner Bros. Discovery Inc. is suing Paramount Global, saying its competitor aired new episodes of the popular animated comedy series “South Park” after Warner paid for exclusive rights.

“Screw you guys, we’re going to sue,” a Cartman paraphrasing Warner Bros Discovery essentially said to Paramount Global and the series creators today in a scathing lawsuit over South Park streaming rights.

,” HBO Max said in a statement to TheWrap.Warner Bros. Discovery claims that Paramount’s priorities “changed drastically” upon the launch of Paramount+ in 2021, resulting in a “multi-year scheme to unfairly take advantage” of the former conglomerate by breaching its agreement and “stealing its content.”Per the 2019 agreement, where Warner/HBO outbid others in a competitive situation to garner the exclusive rights to the series, the company acquired the series’ entire catalog (23 seasons at the time) in addition to three new installments, totaling more than 300 episodes.

The Wrap.“But for all the scope and detail lovingly packed into the two trilogies, the vast, complex and dazzling universe dreamed up by J.R.R. Tolkien remains largely unexplored on film. The opportunity to invite fans deeper into the cinematic world of Middle-earth is an honor, and we are excited to partner with Middle-Earth Enterprises and Embracer on this adventure.”The cost of the deal made between Warner Bros., New Line Cinema and Embracer Group — the current rights holders to Tolkien’s novels — has yet to be released.

Brian Steinberg Senior TV Editor David Zaslav sounds tired of taking lumps. After months of cost cutting, write-downs, and getting pilloried among Hollywood natives for killing projects, the Warner Bros. Discovery chief showed off some new truculence, making the case that while his newly-merged company has been having a tough time, so too were others. “‘Last year was a year of restructuring,” said Zaslav, during a call with investors Thursday. “This year will be a year of building.” Over the course of an hour, Zasalv and Gunnar Wiedenfels, Warner’s chief financial officer, made the case that their company was just as well-equipped as any of its rivals — perhaps even more so — to withstand a stormy era during which media companies are pressed to grow their streaming operations but maintain profitability. Zaslav elbowed Netflix for releasing all of the episodes for a program’s cycle all at once; suggested that a move to launch new “Lord of the Rings” movies would take away some of the momentum that Amazon had enjoyed from its launch of a series based on the novels; and told listeners Warner Bros. Discovery could launch an ad-supported streaming service without having to buy an outside asset, as Fox Corp. and Paramount Global had. “We can create a Tubi or a Pluto without having to buy anybody,” he boasted.

earnings call comments suggest that he is even more adamant in this direction. On Thursday, Zaslav spoke about Warner Bros.’ recent strategy to move films greenlit under previous CEO Jason Kilar’s leadership for exclusive release on HBO Max to an exclusive release in theaters before going to the streaming service.