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Warner Bros Discovery splits streaming from cable TV

Warner Bros Discovery said it would split into two publicly traded companies, separating its studios and streaming business from its fading cable television networks as the parent of HBO and CNN looks to compete better in the streaming era

Business • 10 Jun

The company cut its forecast for 2023 adjusted core earnings

Warner Bros Discovery shares fall as ad woes weigh

Warner Bros Discovery shares fell 4.2% before the bell on Friday as Wall Street worried it would see more profit pain after losing more than $2 billion in the fourth quarter as ad market weakness persists.

Business • 24 Feb 23

The proposed deal between AT&T and Discovery would put together one of Hollywood's most powerful studios

AT&T to merge media assets with Discovery

AT&T, the owner of HBO and Warner Bros studios, and Discovery - home to lifestyle TV networks such as HGTV and TLC - said today they will combine their content assets to create a standalone global entertainment and media business.

Business • 17 May 21

Cineworld said material uncertainty around its ability to continue as a going concern remained

Cineworld posts loss of $3 billion for 2020

Cineworld said today it will ask shareholders to approve a raise in its debt ceiling next month to allow it to borrow more money to shore up its shattered finances after reporting a $3 billion loss for 2020.

Business • 25 Mar 21

Warner Bros executives said its new strategy was prompted by the coronavirus pandemic

Warner Bros' streaming plan to disrupt cinema business

Warner Bros studio said it will debut all of its 2021 films in cinemas and on the HBO Max streaming service on the same day, an unprecedented shift that hammered shares of struggling cinema operators.

Business • 04 Dec 20

The move is expected to face intense scrutiny by US antitrust enforcers

AT&T agrees to buy Time Warner for $85bn

AT&T Inc has announced it has agreed to buy Time Warner Inc for $85.4 billion (€78.5bn), in the most significant move yet by a telecommunications company to acquire content to stream over its network to attract a growing number of online viewers.

News • 23 Oct 16