Tag: David Zaslav

Warner Bros. Discovery has ended its legal spat with the National Basketball Association, announcing a new 11-year partnership.

While overall revenues slipped by 4 percent in Q3, Warner Bros. Discovery emerged from the year-ago loss of $417 million to post a profit of $135 million.

Warner Bros. Discovery and Charter Communications have sealed a new carriage agreement that encompasses linear and streaming services, hailing the early renewal as a model for the "future of video."

Warner Bros. Discovery posted a net loss of just under $10 billion in the second quarter after taking a $9.1 billion impairment charge related to its TV networks business.

Warner Bros. Discovery narrowed its Q1 loss by 10 percent to $966 million on revenues that were down by 7 percent to $9.96 billion.

Total revenues at Warner Bros. Discovery fell by 7 percent in Q4 to $10.3 billion, with the company narrowing its loss from $2.1 billion to $400 million.

Warner Bros. Discovery narrowed its Q3 loss to $417 million on revenues that were stable at $9.98 billion.

Even as its direct-to-consumer segment swung to a profit in the first quarter, Warner Bros. Discovery reported a Q1 loss of $1.1 billion, citing acquisition-related amortization costs and restructuring expenses, on revenues that were down 5 percent to $10.7 billion.

Max, the unified HBO Max and discovery+ streaming platform, is set to roll out in the U.S. on May 23 with a new tagline, “The One to Watch.”

On revenues of $11 billion, Warner Bros. Discovery reported a Q4 loss of $2.1 billion following $1.8 billion in asset write-downs and $1.2 billion in merger-related restructuring expenses.