Tag: Warner Bros. Discovery

Netflix and Warner Bros. Discovery have entered a definitive agreement in which Netflix will acquire Warner Bros., HBO Max and HBO for approximately $82.7 billion.

HBO Max will be near full availability across Europe in the new year, with the platform to launch in Germany, Italy, Austria, Switzerland, Luxembourg and Liechtenstein on January 13.

Paramount Skydance, Netflix and Comcast have reportedly submitted preliminary bids to buy out Warner Bros. Discovery (WBD).

In the third quarter, total revenues at Warner Bros. Discovery were $9 billion, a 6 percent decrease from the prior-year quarter, though streaming and studios revenues increased by 7 percent ex-FX.

As Warner Bros. Discovery continues to advance the separation of Warner Bros. and Discovery Global, the board of directors has begun a review of strategic alternatives to maximize shareholder value, including a transaction for the entire company.

Warner Bros. Discovery and CJ ENM have entered into a multifaceted strategic partnership that includes a branded TVING hub on HBO Max across the Asia Pacific and a co-production pact for Korean content.

HBO Max continues its global rollout with the addition of 15 new markets to its footprint, including several across Asia.

RTL Deutschland has sealed a new volume deal for content from Warner Bros. Discovery for its channels and streaming service.

Amazon MGM Studios alum Karin Lindström has joined Warner Bros. Discovery (WBD) as group VP of programming for its Nordic operations.

Warner Bros. Discovery emerged from a year-ago net loss to post a second-quarter profit of $1.6 billion on slightly higher revenues of $9.8 billion.