Gunnar Wiedenfels: Last News

Cynthia Littleton Business EditorFive years almost to the day after it began, Hollywood’s evangelistic fervor for streaming has been extinguished this week by the “Batgirl” imbroglio. Warner Bros. Discovery’s decision to scrap the completed DC Comics film that was bound for HBO Max marks the boldest example of Old Media economic rigor being applied to contemporary content spending. David Zaslav, CEO of the newly reconfigured media conglomerate, didn’t even mask his bewilderment at the decision-making process and optimistic profit projections made by the previous WarnerMedia regime.

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Warner Bros. Discovery Stock Plunges Following Earnings Loss and Forecast Revisions

Cynthia Littleton Business EditorWarner Bros. Discovery shares were battered Friday on the heels of its after-market second-quarter earnings report on Thursday that revealed the depth of the financial and operational pressures that the newly enlarged conglomerate is facing.WB Discovery shares were down more than 17% at midday to the $14.50 range.

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WBD Brass Stress Commitment To HBO Brand As They Mull Name For Combined Streaming Service

Warner Bros. Discovery plans to launch its streaming service that combines the assets of HBO Max and Discovery+ next summer in the U.S., the company said during its quarterly earnings call Thursday. With a target date set, there is a lot to figure out in the coming months, including what the consolidated platform will be called.

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Warner Bros. Discovery Confirms Kids’ Content Cuts

Kids and animated content are set for a broad swath of cuts across Warner Bros. Discovery.

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Warner Bros. Discovery Posts DTC Subscribers Of 92M In First Quarterly Report Since Merger; $2B Net Loss Includes Hefty Restructuring Charge

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.

Gunnar Wiedenfels reports Warner Bros CEO Landmark

What’s Going On With HBO Max? Why ‘And Just Like That’ and ‘Gossip Girl’ Could Be in Danger

HBO Max is undergoing some changes after its parent company merged with Discovery — and some fans are worried about the fate of their favorite shows.

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Warner Bros. Discovery Renews Contracts of Top Executives Gunnar Wiedenfels and Bruce Campbell

Brian Steinberg Senior TV EditorWarner Bros. Discovery renewed contracts for two of its most senior executives, Gunnar Wiedenfels, its chief financial officer, and Bruce Campbell, its chief revenue and strategy officer, ensuring that two of CEO David Zaslav’s key lieutenants will be around for the next few years of the company’s early steps as the newly combined aggregate of the former WarnerMedia and Discovery Communications.The company said it had extended Wiedenfels’ term through July 10, 2026, and Campbell’s contract through July 8, 2025.

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Warner Bros. Discovery to Sell Knoxville Office Building (EXCLUSIVE)

Joe Otterson TV ReporterThe changes continue to come at Warner Bros. Discovery. Variety has learned exclusively that the newly merged company is planning to sell off its office complex in Knoxville, Tenn.The announcement came from WBD CFO Gunnar Wiedenfels in a memo to the company’s staff obtained by Variety.

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Warner Bros Discovery Begins Buyouts As First Step Toward Trimming Ad Sales Force By Up To 30%

Warner Bros Discovery, two months after closing its $43 billion merger, has taken the first step toward reducing its global workforce, initiating voluntary buyouts in its U.S. advertising sales division.

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John Rogovin, WarnerMedia Studios’ General Counsel, Latest To Exit Warner Bros. Discovery

Another top Warner exec, John Rogovin, is heading for the exits amid a major corporate shakeout following the merger of WarnerMedia and Discovery last month.

Ann Sarnoff Bruce Campbell Gunnar Wiedenfels Jim Cummings President Warner Bros CEO Landmark

Hollywood Nightmare: From Netflix’s Stock Swoon to Mass Layoffs, Anxiety Grips Industry

reorganized its marketing department once again, axing writers on its fledgling Tudum fan site five months after launch. And the fallout from the Warner Bros.

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David Zaslav Vows Warner Bros. Discovery ‘Will Not Overspend to Drive Subscriber Growth’

Jennifer Maas TV Business WriterIn the wake of big spender Netflix’s Q1 shocking subscriber loss news, David Zaslav made a point to say Warner Bros. Discovery “will not overspend to drive subscriber growth” during Discovery’s first-quarter earnings call Tuesday.“As you’ve heard me say, we are not trying to win the direct-to-consumer spending war,” the WBD CEO said, instead promising that the newly combined WarnerMedia-Discovery company would “invest in scale smartly.”Warner Bros.

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Warner Bros Discovery Merger: Who’s In, Who’s Out In The Executive Ranks

The final bow has been placed atop the $40 billion merger of WarnerMedia and Discovery, forming one of the largest pure content players in the media business.

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Will Warner Bros. Discovery Hike HBO Max Prices?

Todd Spangler NY Digital EditorWarnerMedia and Discovery are on the cusp of officially closing their deal. With the change in leadership at the new Warner Bros. Discovery, will there be pricing changes for the new conglomerate’s flagship HBO Max streaming service?Insiders say there aren’t any immediate plans to alter HBO Max’s pricing scheme — in the U.S., it currently costs $14.99/month without ads, the same as it did when the service debuted in May 2020, and $9.99/month with ads.Similarly, it’s likely that Discovery Plus will remain at $6.99/month without ads and $4.99/month with ads for the time being.

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Why HBO Max and Discovery Plus Face Content and Tech Hurdles as an Integrated Streamer

Jennifer Maas TV Business WriterThey’ll come for the high-wattage HBO and Warner Bros. content. They’ll stick around for Discovery’s lifestyle comfort food.That’s the formula that Warner Bros.

Gunnar Wiedenfels Jennifer Maas Inside Warner Bros CEO Platform

Endeavor Chief Ari Emanuel “Not Nervous” That Warner Bros Discovery Could Pump Brakes In Streaming: “Everyone Else Is Spending”

Endeavor CEO Ari Emanuel, who has long espoused the benefits of streaming’s boom times, said he’s “not nervous” about Warner Bros Discovery possibly pumping the brakes as it looks to take on Netflix and Disney.

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Warner Bros. Discovery Will Combine HBO Max and Discovery Plus in International Markets

Manori Ravindran International EditorWarner Bros. Discovery’s plans to merge streaming services HBO Max and Discovery Plus in the U.S.

Gunnar Wiedenfels sports reports Warner Bros Platform

Discovery CEO David Zaslav’s Pay Jumped to $246 Million in 2021

Warner Bros Discovery, the company created by merging Discovery Inc. and WarnerMedia, and signed a new employment agreement through the end of 2027.

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Streaming Combo Of HBO Max And Discovery+ Will “Take A While,” CFO Affirms

Eventually, HBO Max and Discovery+ will come together as a single streaming offering, but the integration will “take a while,” CFO Gunnar Wiedenfels said at an investor conference today.

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HBO Max and Discovery Plus Will Be Combined by Warner Bros. Discovery, Discovery CFO Confirms

Jennifer Maas TV Business WriterDiscovery — which is about to become Warner Bros. Discovery within the next month, when its merger with AT&T’s WarnerMedia closes — has confirmed its plans to combine its current streaming service Discovery Plus and WarnerMedia’s HBO Max into one service, rather than offer the two platforms as a bundle.Discovery CFO Gunnar Wiedenfels, who will also serve as CFO of the newly combined Warner Bros.

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David Zaslav Pledges Cost Discipline After WarnerMedia Merger As Streaming ‘Spending Wars’ Intensify

Jennifer Maas TV Business WriterDiscovery CEO promises that the company is not in a race to win the “spending wars” on content when it closes its deal to acquire AT&T’s WarnerMedia and become Warner Bros. Discovery.“We’re going to spend more on content — but you’re not going to see us come in and say, ‘Alright, we’re spending $5 billion more on content,” Zaslav said during an investor call Thursday to discuss the company’s Q4 earnings results.Zaslav says the new company — which will run both Discovery’s current major streamer Discovery Plus and WarnerMedia’s HBO Max — will be “looking to monetize our IP to grow the value of the overall company.”Discovery CFO Gunnar Wiedenfels echoed Zaslav’s point, saying “it’s not about winning” and “spending more money doesn’t score goals.” Click here to sign up for Variety‘s free Strictly Business newsletter covering earnings, financial and investment news, and more.Discovery revealed Thursday it reached 22 million paying streaming subscribers across its portfolio of offerings by the end of 2021.

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WarnerMedia-Discovery Deal On Track To Close In First Half But Details Sparse: “We Have Our Go-To-Market Strategy Ready” – Discovery CFO

Executives on both sides of the $43-billion WarnerMedia-Discovery merger confirmed the deal is on track to close by the middle of next year but details otherwise remain scarce on the combination that will reshape the media industry.

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05.11.2020 / 20:51

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Discovery Narrows U.S. Ad Revenue Drop to 8 Percent, Will Unveil Streaming Strategy in December

Discovery on Thursday reported its third-quarter financials, including an 8 percent U.S. advertising revenue drop compared to the year-ago period due to the coronavirus pandemic.

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26.09.2020 / 22:53

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Discovery Extends CFO Gunnar Wiedenfels' Contract to 2024

Discovery has extended the tenure of Gunnar Wiedenfels as CFO. On Friday, the cable network group said in an SEC filing that it had signed an agreement on Sept.

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09.09.2020 / 20:05

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Discovery CFO Says TV Group "Locked and Loaded" for Fall Season Premieres

HGTV and Food Network viewers should get set for a September full of new TV show premieres, Discovery CFO Gunnar Wiedenfels told an investor conference on Wednesday. "We're coming in locked and loaded," he told the Bank of America Securities 2020 Media, Communications and Entertainment Conference during a session that was webcast.

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David Zaslav - Gunnar Wiedenfels - Discovery April Ad Sales Off 20% But May-June Better; Co. Will Consider Acquisitions; CEO Slams Pricey Sports-Stuffed Cable Packages - deadline.com

Discovery April Ad Sales Off 20% But May-June Better; Co. Will Consider Acquisitions; CEO Slams Pricey Sports-Stuffed Cable Packages

By Jill Goldsmith

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