Warner Bros. Discovery and AT&T Both End Week With Stock Up 3%

Warner Bros International Television Production Australia, in partnership with Speech & Drama Pictures, has acquired exclusive international rights to develop holiday-themed ballad “How To Make Gravy” into a Christmas film.

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.

The newly-formed Warner Bros Discovery Sports is launching The Power Of Sport, a cross-platform magazine show that will run for 18 weeks in Europe. Premiering May 4 on Eurosport 1, discovery+ and Eurosport’s digital platform, the show looks to take fans deeper into human stories and issues in a “bold and powerful” take on the sporting week.

Naman Ramachandran The Warner Bros. Discovery Sports network is launching a cross-platform weekly sports show featuring leading names on May 4.“The Power of Sport,” an 18-week magazine show, will look towards the week of sport ahead while also accessing Warner Bros.

The new Warner Bros. Discovery leadership is starting to unify its policies across the two parts of the company. I hear that Adria Alpert Romm, chief people and culture officer, sent an email this morning to WarnerMedia employees about the implementation of a new hybrid work schedule.

the Q1 earnings were released. “As you’ve heard me say, we are not trying to win the direct-to-consumer spending war,” the WBD chief said, instead promising that the newly combined WarnerMedia-Discovery company would “invest in scale smartly.”He already made the first difficult choice within the first week after Discovery closed its $43 billion acquisitor of the larger WarnerMedia: Zaslav, notorious in the industry for being a no-nonsense cost-cutter, decided to close down the much-hyped CNN+.

millions of paying customers may cancel in the months ahead.In the first earnings report since Discovery’s $43 billion acquisition of the iconic Warner Bros. studios, the entertainment giant reported the former Discover business reported that profit increased to $456 million, compared with $140 million, in the year-ago period , while revenue jumped 13% to nearly $3.2 billion.

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.

In Warner Bros Discovery’s first earnings call with Wall Street analysts, CEO David Zaslav re-emphasized his plan to take a prudent approach to streaming as he guides the newly merged company.

In the last three years, we’ve seen every major studio launch their own streaming service (Apple TV+, HBO Max, Disney+, Paramount+, Peackock) in order to stay competitive. But streaming, which just seemed like it was hitting a new golden age, has hit a few major speedbumps.

Brian Steinberg Senior TV EditorWarner Bros. Discovery is shutting down CNN+ and is expected to provide details to staffers Thursday, according to two people familiar with the matter.Spokespersons for CNN and Warner Bros.

Well, it’s getting to be that time of year again: the bi-yearly-ish shake-up of DC Entertainment at Warner Bros. which has happened several times over the years now ever since the franchise spun out early following the disappointing release of “Batman Vs.

Warner Bros Discovery CEO David Zaslav and other top execs are meeting with employees in a town hall this morning on the Warner lot in Burbank. It’s the first large-scale staff meeting since last Friday’s close of the $43 billion merger.

Warner Bros. Discovery CEO David Zaslav brought out the big guns during his address to the new company at its first global town hall for employees Thursday.The newly merged company brought out its most famous employee, Oprah Winfrey, to moderate the event and to help introduce Zaslav to Hollywood.Winfrey is a longtime supporter of the media mogul, who has championed the Oprah Winfrey Network (OWN) — a cable channel jointly jointed by Warner Bros. Discovery and Harpo Studio — alongside her since its launch in 2011.

AT&T’s stock price on Monday jumped 8%, to $19.67, as a probable result of Friday’s closure of the deal. The Warner Bros. Discovery share price dipped to $24.48 in after-hours trading, but the start and finish were close enough that the day could hardly be called a roller coaster.Monday was the first day of public trading for Warner Bros.

The newly merged Warner Bros. Discovery will host its first Upfront event on Wednesday, May 18 at The Hulu Theater at Madison Square Garden, showcasing its combined portfolio of content, brands, franchises and talent, ad sales chief Jon Steinlauf said Monday.

Brian Steinberg Senior TV EditorWarner Bros. Discovery wants to interest Madison Avenue in everything from “Full Frontal” to “90 Day Fiancé.”The newly merged media conglomerate will fold what we’re once two separate upfront presentations into one, the company said Monday, reserving May 18 for a.showcase of both the Warner and Discovery properties as part of a unified portfolio.The new event essentially takes over the spot in May’s upfront week preciously occupied by WarnerMedia.

Warner Bros. Discovery shares had a volatile debut, rising early in the session but heading lower as analysts dissected the newly combined entity following the deal’s close on Friday. Reports out today – and more will follow – range from a thumbs-up on WBD’s streaming, content and planned cost savings, to caution on its debt and its big portfolio of linear cable networks.

Brent Lang Executive Editor of Film and MediaWall Street appears to like what Warner Bros. Discovery is selling.The combined media company started off its first full day of trading Monday in the green. Shares of Warner Bros.