Warner Bros Discovery CEO David Zaslav To Take Stage At CinemaCon In Rare Appearance For A Conglom Boss

Students at Boston University will have to cross a Writers Guild picket line to attend their May 21 graduation ceremony, where Warner Bros. Discovery President & CEO David Zaslav, an alumnus of the school, will be making the commencement address.

took home $39.3 million last year, after receiving a pay package in 2021 that soared to $246 million in 2021 thanks to a hefty $203 million stock options that was tacked on to his pay. Shareholders appear to be unhappy with the pricey package he’s receiving.The debt-laden company said in an SEC filing that just over half of the shareholder votes cast on the question of the 2022 executive compensation plan — commonly known as a “say on pay” vote — were in favor, while 49.2% voted against the proposal.The vote is an advisory one, and is non-binding, but the SEC requires such votes at least once every three years.

Stockholders have expressed serious displeasure with 2022 executive compensation at Warner Bros. Discovery led by CEO David Zaslav, according to the result of a vote at the annual meeting Monday that was filed with the SEC today.

As if movie fans needed another reason to be wary of new Warner Bros. Discovery CEO David Zaslav: Deadline reports that the CEO told the hosts of the CNBC show “Squawk Box” that “a love for working” will be what ultimately ends the current WGA writers’ strike.

Warner Bros Discovery’s hour-long earnings call with Wall Street analysts Friday morning included nary a mention of the WGA strike, unlike many other such calls in recent days.

launch its rebranded Max streaming service on May 23, plans to focus on family-friendly content. “The more people that use it in the family, the more engaged people are, the broader the offering, the lower the churn,” Zaslav noted.

Warner Bros Discovery CEO David Zaslav has said the company’s U.S. streaming operation is “no longer bleeding” after it posted a $50M profit for Q1 this year. “It’s harder to run a business when you have a big bleeder,” he told investors on an earnings call minutes ago.

Brian Steinberg Senior TV Editor Warner Bros. Discovery posted a first-quarter loss, buffeted not only by the dynamics of streaming video that are eroding traditional media-industry economics, but also by charges related to the 2022 merger that created the company out of the former WarnerMedia and Discovery Inc. The owner of HBO, TNT and the Discovery Channel said its loss of $1.069 billion included $1.81 billion of “acquisition-related intangible assets and $95 million of pre-tax restructuring expenses.” The company also indicated that the debt it took on to finance the merger was affecting its financials. Warner Bros. Discovery had $836 million of “semi-annual interest payments largely attributable to merger-related debt that overwhelmed its cash flow.

Warner Bros Discovery matched Wall Street estimates for revenue in the first quarter, with $10.7 billion, but posted a wider-than-expected loss due to tough comparisons with the year-ago period.

Max brand name on May 23, the entertainment giant revealed it had added 1.6 million streaming subscribers during the quarter for a total of 97.6 million globally.The direct to consumer division reported a profit of $50 million, a $704 million year-over-year improvement on a pro forma combined basis. Revenue for the segment fell 2% year over year to $2.455 billion, including $2.165 billion in distribution revenue, $103 million in advertising revenue and $185 million in content revenue.

EXCLUSIVE: Canada’s Crave has struck a multi-year licensing agreement with Warner Bros. Discovery (WBD) for the likes of Harry Potter, Game of Thrones, the DC Universe and HBO content.

Warner Bros Discovery has signed a multi-year licensing deal with Viacom18 under which its JioCinema service will become the new streaming home of HBO, Max Original and Warner Bros content in India starting next month. 

Max streaming service, David Zaslav and Warner Bros. embraced theatrical as they showed off their upcoming 2023 slate at CinemaCon in Las Vegas.Zaslav made his debut at the movie theater trade show on Tuesday with a lengthy speech that earned plenty of applause from cinema execs, especially when he reaffirmed his company’s plans to never go back to the day-and-date releasing model that his predecessor, Jason Kilar, rolled out for all of Warner’s theatrical releases in 2021. “We believe in full theatrical windows, we don’t believe in direct to streaming.

It really does feel like a lifetime ago when Warner Bros. defiantly said, during the beginning of the pandemic, that every film released in 2021 was going to hit theaters and streaming on the same day.

Matt Donnelly Senior Film Writer Warner Bros. Discovery CEO David Zaslav came to Las Vegas to put all of his chips on movie theaters. The executive made an appearance at CinemaCon, the annual convention of theatrical exhibitors, to reassure the crowd that the Warner Bros. Pictures Group was not interested in releasing its premium movies directly to streaming platform Max. “At Warner Bros., at DC Studios, we believe that everything is possible. This business could be bigger and stronger than its ever been,” Zaslav said on stage at Caesar’s Palace on Tuesday. “We believe in full windowing of the motion pictures. We do not want to do direct-to-streaming movies. We’re in no rush to bring the movie to Max.”

“I thank you from the bottom of my heart,” Denzel Washington told a Colosseum full of exhibition executives Monday at CinemaCon.

Fox, Comcast and Warner Bros Discovery shares each took a dip Monday after the media companies took turns generating industry-shaking headlines over less than 24 hours.

EXCLUSIVE: House of Lies creator Matthew Carnahan has signed with Verve for representation.

Gene Maddaus Senior Media Writer Paramount Global fired back on Wednesday in the battle over “South Park” streaming rights, accusing Warner Bros. Discovery of withholding $52 million in license fees. Warner Bros. Discovery sued Paramount in February, alleging that the company had breached its $500 million licensing deal with HBO Max by diverting “South Park” specials to Paramount+. On Wednesday, Paramount filed a counterclaim, alleging that HBO Max got everything it bargained for under the agreement, but has nevertheless withheld two required payments of $26 million apiece. The countersuit, filed in New York Supreme Court, also argues that the unpaid fees cover the 300-plus episodes of “South Park” now streaming on HBO Max, which are not in dispute in the lawsuit.

They haven’t quite killed Kenny, but Paramount Global tonight took a hard swipe at Warner Bros Discovery over South Park.