Tag: David Zaslav

Dr. John C. Malone will not stand for re-election to the Warner Bros. Discovery board of directors and is transitioning to the post of Chair Emeritus.

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.”