Page 2 - Warner Bros

Hollywood strike stings Warner Bros, profit outlook trimmed by $500 mn

Warner Bros Discovery is cutting its profit expectations for the year, saying it will likely incur costs as high as USD 500 million tied to the ongoing Hollywood writers' and actors' strike. The US film and television industries remain paralysed by the dual strikes. The writers strike began in May and the actors joined them on July 14. Warner Bros Discovery owns HBO and Max, CNN, TNT and a host of other entertainment outlets, including DC Comics. The company said in a regulatory filing that it now expects 2023 adjusted earnings before interest, taxes, depreciation and amortization to be between USD 10.5 billion to USD 11 billion, down from USD 11 billion to USD 11.5 billion. "While (Warner Bros. Discovery) is hopeful that these strikes will be resolved soon, it cannot predict when the strikes will ultimately end. With both guilds still on strike today, the company now assumes the financial impact to (Warner Bros. Discovery) of these strikes will persist through the end of 2023, the

Warner Bros Discovery to launch CNN Max news streaming service in US

Breaking news and analysis would further expand Max's programming, even as it allows CNN to reach a younger streaming audience

Warner Bros Discovery reports smaller quarterly loss on cost cuts

Warner Bros Discovery's new streaming service launched during the quarter in the United States, combining HBO Max's scripted entertainment with Discovery's reality shows

Warner Bros apologizes after Barbenheimer tweets spark criticism in Japan

This comes after public criticism of Warner in Japan, the launch of an online petition against the studio, and an unexpected step by Warner's Japanese distribution arm

Warner Bros' Discovery gears to set up development centre in Hyderabad

Warner Bros. Discovery, a global media and entertainment giant, renowned for its diverse portfolio of content and brands is making its entry into the vibrant media and entertainment space hub of Hyderabad by setting up an International Development Centre (IDC) here. An official release from the State government said IDC is expected to create employment for 1,200 professionals. IT Minister K T Rama Rao, who is currently touring USA, met Alexandra Carter, Senior Vice President of Finance at Warner Bros. Discovery. The discussions during the meeting highlighted the shared vision of both parties in driving growth and innovation in the media and entertainment industry, further solidifying their partnership for a promising future in Hyderabad. Warner Bros. Discovery's impressive portfolio of brands includes globally recognised names such as HBO, HBO Max, CNN, TLC, Discovery, Discovery Plus, WB, Eurosport, Animal Planet, Cartoon Network, Cinemax, Pogo, Toon Cart, HGTV, and Quest. By ...

After Reliance-Warner deal, JioCinema pricing and local content in focus

Reliance's JioCinema to lock horns with Netflix, Disney; Warner deal to boost English content, local content in focus too

Race for scale: HBO finds a home in India after deal with JioCinema

Does its deal with HBO mean that JioCinema is planning to go pay?

Coming Soon on JioCinema app: Hollywood content from Warner Bros, HBO

"It's a deep exclusive arrangement which will make JioCinema the house of Warner, HBO in India," said the report

Warner Brothers closing in on deal for Harry Potter online TV series

Each season of the series will be based on one of JK Rowling's seven books

'House of the Dragon' premiere registers close to 10 mn views: Warner Bros

'House of the Dragon' is based on George R.R. Martin's 2018 novel 'Fire & Blood'

Warner Bros Discovery lays off nearly 14% of its workforce at HBO, HBO Max

Warner Bros Discovery (WBD) has laid off nearly 70 workers, or 14 per cent of its workforce, at HBO and HBO Max streaming service.

Warner Bros sees big Covid-19 outbreak as rising cases hit studios

The daily number of new Covid cases in Los Angeles County has surpassed 8,000 for the first time since January, and like many local industries, Hollywood is not immune.As per Deadline, Warner Bros. has recorded what may be the biggest showbiz outbreak of the pandemic, with 31 employees listed as infected on the official L.A. County Public Health Department website. The studio has seen smaller outbreaks, mostly in the range of 3-5 cases. In May it's Bldg 128 had a cluster of 5 cases while Stages 27 and 29 also saw 5 cases.The second-highest known industry-related outbreak also occurred in Lionsgate in May, when the study recorded 21 infections. More than half of them were among the employees returning from CinemaCon in Las Vegas.Other notable outbreak sites include The Walt Disney Company, which is currently listed with six infections. Fox Sports, which has appeared on the list multiple times, now has a tally of 10. In May, Fox Sports and Fox Sports Deportes had more than a dozen ...

New Warner Bros Discovery firm to take on giants like Netflix, Disney

Discovery and telecommunication company AT&T announced that they have closed their transaction and combined the WarnerMedia business with Discovery, to compete with other streaming giants like Netflix and Disney.

Warner Bros Studio tour expands with DC Universe and Harry Potter

Warner Bros Studio Tour Holly­wood recently reopened more than a year after doors were shuttered because of the coronavirus pandemic

Warner Bros Entertainment delays Harry Potter video game until 2022

Hogwarts Legacy, developed by Utah-based Avalanche Software, is a prequel to the iconic fantasy book series by J K Rowling

Warner Bros to stream all 2021 films on HBO and theatres at the same time

In the most seismic shift by a Hollywood studio yet during the pandemic, Warner Bros. Pictures on Thursday announced that all of its 2021 film slate including a new Matrix movie, Godzilla vs. Kong and the Lin-Manuel Miranda adaptation In the Heights will stream on HBO Max at the same time the films play in theaters. Among the myriad release plan changes wrought by the pandemic, no studio has so fully embraced streaming as a lifeline. But after disappointing domestic ticket sales for Tenet," and with the majority of US theaters currently closed, the AT&T-owned Warner Bros. will turn to a hybrid distribution model next year. Films will debut simultaneously in theaters and on HBO Max in the US. After one month, they will stop streaming and continue to play only in theaters. The move follows Warner Bros.' decision to put Wonder Woman 1984 on HBO Max in December, along with a concurrent theatrical run. If that pivot sent shockwaves through the industry, Thursday's announcement ...

Warner Bros delays 'Dune', 'The Batman' movies amid Covid-19 pandemic

Movie studios have delayed releasing tentpole projects even after restrictions were eased, as people remain wary of stepping into cinema halls and many theaters still remain closed

'Ellen DeGeneres Show' workplace under investigation by WarnerMedia

'The Ellen DeGeneres Show' has become the subject of an internal investigation by parent company WarnerMedia following numerous accounts of workplace problems on the long-running daytime series

Kids shows draw record viewers but fail to cheer advertisers

Of the top 10 kids networks almost all - Viacom 18, WarnerMedia, Disney, Sony Yay, Discovery Kids, and Sun Network - have seen a rise of 20-100 per cent in viewership.

Warner Bros plans $100 mn cable car to ferry tourists to Hollywood sign

The idea has been floated for years but has always hit stumbling blocks