Warner Bros. Discovery Narrows Q4 Loss Despite 14% Decline in Ad Revenue

EXCLUSIVE: MasterChef judge Aarón Sánchez is returning to Warner Bros. Discovery (WBD) U.S. Hispanic for more of his LA restaurant series El Toque de Aarón.

Elsa Keslassy International Correspondent Vivendi saw its revenues rise by 9.5% to €10.5 billion ($11.4 billion) in 2023, bolstered by the performance of Canal+ Group and Havas, as well as the integration of French media and publishing giant Lagardere in December. Vivendi also posted a net profit of $443 million (€405 million). Canal+ Group, which comprises pay TV giant Canal+ and the production-distribution company Studiocanal (“Paddington”), is pursuing its international development, particularly in Asia, the Nordic countries and Africa.

“That movie was the President’s idea, not mine, but it was a demand, not a suggestion.”

Warner Bros. Discovery is making cable network TruTV a regular home for sports, adding a weeknight sports block and shifting established franchise Impractical Jokers to TBS this summer.

Brian Steinberg Senior TV Editor Warner Bros. Discovery wants to bring one of its “zombie” cable networks back to life with a big jolt of sports. The media company intends to create a new nightly sports block for TruTV, the reality-series cable network that has largely been left to show endless episodes of the popular prank show “Impractical Jokers” and the caught-on-camera serial “World’s Dumbest.” In doing so, Warner no doubt hopes to create new value where there has only been a little.

Todd Spangler NY Digital Editor Warner Bros. Discovery has jumped on the password-sharing crackdown bandwagon, with a top exec saying Max will begin enforcing restrictions on subscribers sharing accounts outside their household starting this year — following the trail blazed by Netflix, which was more recently joined by Disney.

A pioneer in digital content creation is going away. Rooster Teeth, a subsidiary of Warner Bros. Discovery Global Streaming & Interactive Entertainment, announced this morning that it is ceasing operations after 21 years. The process starts today and is expected to take several months.

Warner Bros. has said it will pivot away from “volatile” AAA games to focus on live service and mobile titles.Last month, the company said the launch of Suicide Squad: Kill The Justice League “failed” to meet expectations.

Naman Ramachandran The India heads of some of the world’s top media groups outlined their growth plans for the market at the Mumbai’s FICCI Frames media conference. The conference is organized by the Federation of Indian Chambers of Commerce and Industry (FICCI).

Season 2 of House of the Dragon will premiere on HBO/Max in June, said JB Perrette, head of global streaming & games for Warner Bros. Discovery.

Fubo CEO David Gandler blasted a planned sports bundle backed by Disney, Fox and Warner Bros. Discovery, calling the companies a “sports cartel” engaging in “borderline racketeering.”

Room to Read, a global education nonprofit tackling illiteracy and gender inequality, announced a partnership with Warner Bros. Discovery for the premiere of , the first nonprofit-led animation and live-action film project to promote gender equality through the stories of young women around the world.

After Warner Bros. permanently shelved its latest live-action “Looney Tunes” movie “Coyote vs.

Todd Spangler NY Digital Editor Oprah Winfrey will leave the board of WeightWatchers after almost 10 years, following the entertainment mogul’s revelation that she is using a weight-loss drug. Winfrey informed the company this week that she decided to not stand for reelection at the annual meeting of shareholders to be held in May 2024. She has served on the company’s board since 2015.

EXCLUSIVE: Warner Bros. Discovery (WBD) has picked up Film.UA‘s Ukrainian psychological thriller Between Us for the CEE region.

Cynthia Littleton Business Editor David Zaslav came to market Friday morning with a fourth-quarter earnings report that delivered enviable free cash flow and put another sizable dent in Warner Bros. Discovery’s heavy debt load. But it wasn’t enough to stop a 10% slide for the company’s already battered share price that took place minutes after the results were unveiled.

More “Harry Potter” is coming from Warner Bros., as the studio revealed last Spring. But don’t expect it to reach Max for another couple of years.

In his first public comments about a planned sports streaming joint venture with Disney and Fox, Warner Bros. Discovery CEO David Zaslav said it will increase the companies’ reach and not add to their cord-cutting woes.

William Earl administrator During Friday’s Q4 earnings call, David Zaslav, Warner Bros. Discovery’s CEO, said that James Gunn‘s “Superman: Legacy” will start filming next week. Gunn posted the first picture of the full cast on Instagram yesterday, writing, “After the table read with the #Superman cast.

Warner Bros. Discovery saw revenue dip but losses narrow in the last quarter of 2023. Free cash flow grew — a key metric that allows the David Zaslav-led media giant to continue chipping away at its hefty debt, which it is doing.