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

EXCLUSIVE: Warner Bros is going all in on The Batman director Matt Reeves and his 6th & Idaho production company. He has become the first filmmaker given an overall first look film deal since Warner Bros Pictures Group Co-Chairs/CEOs Michael De Luca and Pamela Abdy were hired by Warner Bros. Discovery chief David Zaslav to steer the film division. In addition, Reeves has re-upped with the Warner Bros. Television Group and Chairman Channing Dungey, where he is also working on The Batman spinoff series The Penguin with Colin Farrell.

Rebecca Rubin Film and Media ReporterRobert De Niro will be sharing the screen with Hollywood legend Robert De Niro in the upcoming gangster drama “Wise Guys.”The movie, set at Warner Bros., will be directed by Barry Levinson, the veteran filmmaker who is best known for “Rain Man” and “Wag the Dog.”Nicholas Pileggi, the co-writer of Martin Scorsese’s crime epic “Goodfellas,” which starred De Niro, is penning the screenplay for “Wise Guys.” The story follows Italian American crime bosses Vito Genovese and Frank Costello, who ran their respective families during the 20th century. In 1957, Genovese tried (and failed) to assassinate Costello, who was ultimately injured and attempted to retire from the mafia.

Robert De Niro will star in the Warner Bros. mob drama Wise Guys from director Barry Levinson, Deadline can confirm. The project reunites the duo following their collaborations on the Emmy-nominated HBO TV movie The Wizard of Lies, which had De Niro playing Bernie Madoff, and Magnolia Pictures’ 2008 dramedy, What Just Happened, as well as the director’s earlier films Wag the Dog and Sleepers.

EXCLUSIVE: Two months into their run as Warner Bros Pictures Group Co-Chairs and CEOs, Michael De Luca and Pamela Abdy, have hammered out a multi-year deal to handle the international distribution of MGM’s theatrical titles, commencing with Luca Guadagnino’s Bones and All in November and continuing with the 2023 slate and beyond; the second title under the pact being Creed III in March.

The deal, which will see Warner receive a new stream of incremental revenue through distribution fees, comes just two months after Pamela Abdy and Michael De Luca left their position as heads of MGM to become co-chairs and CEOs of Warner Bros. Motion Picture Group.

Rebecca Rubin Film and Media ReporterMGM has parted ways with Universal Pictures for international film distribution.In a joint press release, MGM has announced that Warner Bros. will distribute its upcoming movies overseas. However, the arrangement does not include “Bond 26,” the next chapter in the James Bond series, as well as director Chinonye Chukwu’s historical drama “Till” (set for Oct.

report by Variety, after The Post broke the news that they’re pulling the plug on her starring role last week. Ideas allegedly include having Grace play the role of the teenage vigilante Barbara Gordon in a future DC Comics project, or “at least” offer her starring role in another Warner Bros. production.The Post has reached out to Warner Bros.

Just a few hours shy of the deadline set in late July by hundreds of top female writers and showrunners on abortion safety protocols, most of Hollywood’s biggest studios and streamers today opted to side step specifics.

Warner Bros. Discovery’s European operation continues to take shape, with Hannes Heyelmann today unveiling his German management team. The shake-up sees the departure of Discovery Communications Deutschland Deputy Managing Director Alberto Horta.

Love Island couple Andrew Le Page and Tasha Ghouri have been proving that their romance is just as strong on the outside. The model, 23, and 27 year old Andrew were the first couple of the 2022 series to be boyfriend and girlfriend and since leaving the villa they’re as smitten as ever. Despite living together in the villa for eight weeks, the pair still decided to mark many “firsts” in their relationship together and took to Instagram to show off their first date with fans.

If there was one thing that the turbulent week at Warner Bros. Discovery displayed, it’s just how quickly conventional wisdom can change from one regime to the next, when each is trying to gin up the stock price for Wall Street.

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.

Warner Bros. Discovery expects to launch its combined HBO Max/Discovery+ streaming service in the U.S. next summer.

Todd Spangler NY Digital EditorWarner Bros. Discovery is not going to say how many HBO and HBO Max customers it has.In the second quarter, the media conglomerate said HBO Max, HBO and Discovery+ subscribers combined were 92.1 million, up about 1.6 million from 90.4 million the prior quarter. That’s up 22% 75.8 million on a pro-forma basis versus a year earlier.However, WBD’s streaming businesses lost subscribers domestically in Q2, dropping 300,000 — falling from 53.3 million in the first quarter to 53.0 million as of June 30.For Q1, AT&T — the prior owner of WarnerMedia and HBO Max — had reported 76.8 million total HBO and HBO Max subscribers worldwide, including 48.6 million domestically.

Brian Steinberg Senior TV EditorCombining the former WarnerMedia with the company once know as Discovery Communications took a lot of work. Executives at the newly combined Warner Bros.

major restructuring of its content divisions, and the entertainment conglomerate added 1.7 million global subscribers to both HBO Max and reaching 92.1 million global subscribers. However, Warner Bros.

after The Post broke the story Tuesday that the mostly completed DC film wouldn’t hit theaters or stream on HBO Max. Nobody will ever see this movie.The Post has reached out to Warner Bros. for comment.“They had no idea the movie was being shelved,” a film industry source said of the blindsided workers.