Warner Bros. Discovery’s David Zaslav Embraces Theatrical in Emotional CinemaCon Debut: ‘This Is Our Time’

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.

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.

Cynthia Littleton Business Editor David Zaslav and his team could be forgiven for sounding a little stressed on Warner Bros. Discovery’s Q1 earnings call. The company’s numbers were pretty grim for a CEO who prizes his free cash flow. The Warner Bros. Discovery chief was fired up about a number of issues affecting the studio behind the shield, and he fired off verbal volleys, pop culture quotes and metaphors, invoking everything from military terminology to Formula 1 racing to “The Blues Brothers.” But the liveliest moment of the hourlong conference call with Wall Street analysts was Zaslav’s discussion of subscriber churn rates and how they differ between HBO Max and Discovery+, the two streamers that are set to be married and relaunch as a joint product dubbed Max on May 23.

Jennifer Maas TV Business Writer Warner Bros. Discovery CEO David Zaslav responded to the writers strike following the release of the company’s Q1 earnings report Friday, shooting down claims that some companies are “glad” that the the Writers Guild of America (WGA) is picketing instead of writing. “We’re not glad,” Zaslav said during an interview on CNBC’s “Squawk Box” on Day 4 of the writers strike. “In order to create great storytelling, we need great writers, and we need the whole industry to work together,” the WBD chief said. “And everybody deserves to be paid fairly. So our number one focus is, let’s try and get this resolved. Let’s do it in a way that that the writers feel that they’re valued, which they are, and they’re compensated fairly. And then off we go. Let’s tell great stories together.”

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.

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.

Clayton Davis Senior Awards Editor Writer and comedian Adam Conover blasted David Zaslav, the Warner Bros Discovery CEO, during an interview with CNN on Tuesday, a company Zaslav also oversees. “David Zaslav, the CEO of Warner Bros. Discovery, the parent company of the network I’m talking to you on right now, was paid $250 million last year, a quarter of a billion dollars,” Conover said during his interview with CNN correspondent Sara Sidner. “That’s about the same level as what 10,000 writers are asking him to pay all of us collectively, alright. So I would say if you’re being paid $250 million — these companies are making enormous amounts of money. Their profits are going up. It’s ridiculous for them to plead poverty.”

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. is celebrating its 100 year anniversary in 2023 and after a two-hour presentation at CinemaCon, it’s clear the studios is making sure the next eight months reflect that historic legacy.

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.”

In a rare appearance for a corporate CEO at CinemaCon, Warner Bros. Discovery chief executive David Zaslav took the stage at Cesars Palace Colisseum Tuesday — a visual show of support for an industry he’s been touting since he took the reins of newly merged WBD last year.

Refresh for updates: Big stuff expected here this morning at CinemaCon in Las Vegas as Warner Bros struts its 2023 slate.

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: Deadline has learned that Warner Bros Discovery CEO and President, David Zaslav, will be teeing off Warner Bros studio presentation at CinemaCon on Tuesday AM, April 25.

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