EXCLUSIVE: The Bear creator Christopher Storer is shooting Season 3 of the 10-time Emmy-winning show in Chicago, but he’s lined up a big feature project at Warner Bros: the big-screen take of Amor Towles’ The Lincoln Highway.
Warner Bros. Discovery Q4 Hit By Softer Advertising, Strike Impact; “We Have An Attack Plan For 2024” – David Zaslav
23.02.2024 - 14:09 / deadline.com
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.
It ended the year with 97.7 global streaming subscribers — including 1.3 million from BluTV, the Turkish streamer it acquired in December.
Revenue of close to $10.3 billion compared with $11 billion the year before, down 7%. Revenue at the television studio was hit by the impact of the WGA and SAG-AFTRA strikes, with production still revving up.
Theatrical revenue was higher on more releases, including Aquaman And The Lost Kingdom, despite a bit a softer opening than expected for that, and for The Color Purple. which had analysts lowering their studio forecasts.
Advertising at the network segment fell 14%.
Free cash flow rose to $3.31 billion, from $2.48 billion.
“After executing against our strategic plan to reposition the company, we are now on solid footing with a clear pathway to growth. We generated $6.2 billion in free cash flow and paid down $5.4 billion in debt in 2023, which puts us at 3.9x net leverage. We have an attack plan for 2024 that includes the roll-out of Max in key international markets, a more robust creative pipeline across our film and TV studios, and further progress against our long-range financial goals and are confident in our ability to drive sustained operating momentum and enhanced shareholder value,” said Zaslav.
The stock has been in the tank, malingering at about $9.50. It was up early trading ahead of the numbers but has now settled back in negative territory.
Zaslav and WBD execs will host a call at 8 ET to go over the numbers and take questions. It’s the
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deadline.com
13.03.2024 / 14:37
‘MasterChef’ Judge Aarón Sánchez’s Restaurant Series ‘El Toque De Aarón’ Renewed For Season 2 By Warner Bros. Discovery Hispanic
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.
deadline.com
07.03.2024 / 20:33
Warner Bros. Discovery Adds Weeknight Sports Block To TruTV; ‘Impractical Jokers’ To Move To TBS This Summer
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.
variety.com
07.03.2024 / 20:11
Warner Bros. Discovery to Overhaul TruTV With Sports; Sets Nightly Block for Games and More (EXCLUSIVE)
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.
variety.com
07.03.2024 / 20:11
Max Will Start Cracking Down on Password-Sharing This Year, Warner Bros. Discovery May Disable Accounts of Violators
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.
deadline.com
07.03.2024 / 15:17
‘3 Body Problem’: Netflix Drops Final Trailer For Drama From David Benioff, D.B. Weiss and Alexander Woo
Netflix is once again trying to whet the whistle of genre fans by dropping another trailer for 3 Body Problem, its long-in-the-works mystery series that’s inspired by the novel of the same name.
deadline.com
07.03.2024 / 11:47
‘Camomile Lawn’ Novelist’s Estate Snapped Up By ILP; ‘Happy Valley’ RTS; Stephen Rea Award; Warner Bros. Pictures Boards ‘Under Parallel Skies’ – Global Briefs
‘Camomile Lawn’ Novelist’s Estate Snapped Up By ILP
deadline.com
06.03.2024 / 17:12
Rooster Teeth Shut Down By Warner Bros. Discovery, The Roost Podcast Network To Continue
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.
variety.com
06.03.2024 / 07:19
Warner Bros. Discovery, Meta, Prime Video, Viacom18 India Chiefs Talk Growth Plans at FICCI Frames Conference
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).
justjared.com
05.03.2024 / 01:37
'Teen Mom' Alum Jenelle Evans Files for Separation from David Eason Due to 'Erratic Behavior, Substance Abuse, & Refusal to Work'
Jenelle Evans is splitting from her husband David Eason.
deadline.com
05.03.2024 / 00:41
‘House Of The Dragon’ Season 2 To Debut In June, Says Warner Bros. Discovery’s JB Perrette
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.
deadline.com
01.03.2024 / 15:00
Disney, Fox And Warner Bros. Discovery Are A “Sports Cartel” Engaging In “Borderline Racketeering”, Fubo CEO David Gandler Charges: “This Is A Duel To The Death”
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.”
deadline.com
01.03.2024 / 14:59
Room To Read Partners With Warner Bros. Discovery To Premiere ‘She Creates Change’, A Series Promoting Gender Equality For International Women’s Day
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.
theplaylist.net
29.02.2024 / 19:43
‘Coyote vs. Acme’: Will Forte Takes To Social Media To Defend Shelved Warner Bros. Movie
After Warner Bros. permanently shelved its latest live-action “Looney Tunes” movie “Coyote vs.
deadline.com
26.02.2024 / 11:13
Warner Bros. Discovery Picks Up Film.UA’s Ukrainian Thriller ‘Between Us’ For CEE
EXCLUSIVE: Warner Bros. Discovery (WBD) has picked up Film.UA‘s Ukrainian psychological thriller Between Us for the CEE region.
dailyrecord.co.uk
26.02.2024 / 09:35
Mum of 22 Sue Radford has plans for more children to extend Britain's largest family
She's the mother of 22 kids and you may think at the age of 48, Sue Radford would be looking forward to putting her feet up when the youngest flies the nest.
justjared.com
25.02.2024 / 02:33
Jeremy Allen White, Ayo Edebiri, & 'The Bear' Cast Sweep the Comedy Categories at SAG Awards 2024!
The Bear was a big winner at the SAG Awards!
variety.com
24.02.2024 / 02:57
Warner Bros. Discovery’s Good News Couldn’t Obscure the Warning Signs in Q4 Results
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.
theplaylist.net
23.02.2024 / 20:25
‘Harry Potter’: Warner Bros. Aims For 2026 Premiere Date For Upcoming Reboot Series
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.
deadline.com
23.02.2024 / 16:21
Warner Bros. Discovery Chief David Zaslav On How Sports Streaming Bundle With Disney And Fox Will Help Viewers: “You Won’t Be Thinking, ‘What Channel Is It On?'”
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.