Shares in Netflix, Warner Bros Discovery and AMC Networks were among the top gainers in a so-called “Santa Claus rally” at the end of a rough year for media and tech stocks.
Warner Bros. Discovery Now Sees Up To $3.5 Billion In Content Write-Downs, $1 Billion More Than Previously Anticipated
15.12.2022 - 01:07 / deadline.com
Warner Bros Discovery now expects to incur total pre-tax restructuring charges of $4.1 – $5.3 billion, which includes $2.8 – $3.5 billion of content impairment and development write-offs as it takes a hatchet to its programming. That’s well above the merged company’s initial announcement of charges for $3.2 – $4.3 billion related to its restructuring and transformation initiatives, which included $2 – $2.5 billion on th content side.
Restructuring is ongoing and “could result in additional impairments above the revised estimates,” WBD noted in an SEC filing Wednesday.
The restructuring initiatives are still expected to be substantially completed by the end of 2024.
The company is not revising the previously disclosed estimates for organization restructuring costs, facility consolidation activities and other contract termination costs, or cash expenditures.
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dailyrecord.co.uk
28.12.2022 / 13:37
Young people starting work in the new year urged to apply for payment worth up to £428
Social Security Scotland is encouraging young people who are starting a new job to claim a unique cash boost which could help with additional costs. Eligible 16-24 year olds who are already receiving certain other benefits or Tax Credits can apply for Job Start Payment - a one-off payment worth £267.65, or £428.25 if the applicant is the main carer of children.
deadline.com
15.12.2022 / 02:37
Rita Wilson Talks Oscar-Qualifying ‘A Man Called Otto’ Song, Plans For New Production Company Artistic Films, First Collaboration With Wes Anderson On ‘Asteroid City’ & More
It’s been a productive and exciting time for Rita Wilson — the esteemed actress, producer and singer-songwriter who has returned this awards season with her third Oscar-qualifying original song.
deadline.com
15.12.2022 / 01:07
‘Raised By Wolves’ & ‘The Time Traveler’s Wife’ Among Other Titles Being Removed From HBO Max As Warner Bros. Discovery Lines Up FAST Plans
Warner Bros. Discovery is moving aggressively into the free streaming, or FAST space, after removing a glut of titles from HBO Max.
deadline.com
14.12.2022 / 00:51
John Cena & Jason Momoa To Star In Warner Bros. Action-Comedy ‘Killer Vacation’
John Cena (Peacemaker) and Jason Momoa (Aquaman and the Lost Kingdom) have signed on to star in the action-comedy Killer Vacation from Warner Bros., Deadline can confirm.
deadline.com
13.12.2022 / 22:37
Warner Bros. Discovery Sets New Global Consumer Products Leadership
The Warner Bros. Discovery Global Brands and Experiences division unveiled the global leadership for its consumer products business, formalizing the marriage of legacy Warner Bros. and Discovery operations. Canada and U.S. are now integrated into one North American team, and major international regions managed together. The company also created a global e-commerce unit.
deadline.com
10.12.2022 / 01:35
New Streaming War Brewing? Warner Bros. Discovery Boss David Zaslav Takes Aim At Netflix Over Payment Terms
EXCLUSIVE: David Zaslav isn’t happy with Netflix.
deadline.com
09.12.2022 / 20:27
Nancy Daniels & Jane Latman Out As Part Of Latest Warner Bros. Discovery Restructure
EXCLUSIVE: Nancy Daniels, who oversees the Turner networks and a number of Discovery channels, and Jane Latman, the HGTV veteran who is also in charge of Food Network, are the latest execs out at Warner Bros. Discovery.
deadline.com
06.12.2022 / 21:07
Warner Bros. Veteran Jeff Brown Exits After 26 Years
EXCLUSIVE: Jeff Brown, who has been with Warner Bros. for 26 years, is leaving the studio.
deadline.com
06.12.2022 / 03:27
Ice Cube Wants Warner Bros. To Give Him ‘Friday’ Rights: “I’m Not About To Pay For My Own Stuff”
Ice Cube is fighting Warner Bros. for the Friday franchise rights and he is not willing to pay for the movie he created.