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The Latest Breaking News from Discovery

Warner Bros. Discovery to spend more than $1 billion downsizing

Warner Bros. Discovery reports that it will incur up to $1.5 billion in costs to shrink the company, cancel programming and provide severance packages to laid-off workers, among other expenses.

Los Angeles Times

This Is What Whales Are Betting On Warner Bros.Discovery

A whale with a lot of money to spend has taken a noticeably bearish stance on Warner Bros.Discovery. Looking at options history for Warner Bros.Discovery (NASDAQ:WBD) we detected 18 strange trades.

Benzinga

Batgirl axed, The Flash floundering – can Black Adam turn things round for DC’s troubled superheroes?

Any company with characters like Batman and Wonder Woman should be laughing all the way to the bank. So why are DC and its owner Warner Bros struggling with so many projects?

The Guardian - UK

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Netflix Investor Buys Stake In Another Entertainment Company, Praises Its 'Must See' Content

A leading fund manager is increasing exposure to the streaming market across several mutual funds.

Benzinga

Documentary to go behind the scenes and uncover TV show Glee’s controversies

Three-part docu-series will include interviews with cast and crew from the seven-year show

Evening Standard

Writers workshop axed as layoffs hit Warner Bros. Television

Warner Bros. Discovery's rolling layoffs have come to its television division, the studio responsible for shows including "Ted Lasso," "Abbott Elementary" and "The Bachelor."

Los Angeles Times

SMRG and Warner Bros Discovery to launch new Arabic-language channel

CNN and HBO owner says new partnership with SRMG is ‘a solid step for us’

The Independent UK

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TVNZ/RNZ merger a 'chilling prospect' for some

The planned TVNZ/RNZ merger has been described by one competitor as a ‘chilling prospect’ and a ‘serious threat’ to the rest of New Zealand’s media eco-system

Newsroom.co.nz

What Are Whales Doing With Warner Bros.Discovery

Someone with a lot of money to spend has taken a bullish stance on Warner Bros.Discovery (NASDAQ:WBD). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

SRMG, Warner Bros. Discovery Partner to Launch 'Asharq Discovery'

The Saudi Research and Media Group (SRMG), the MENA region's largest media group, entered into a long-term partnership with Warner Bros.

Asharq Al-Awsat

Warner Bros Discovery focused on developing franchises like GoT and Harry Potter

The company’s international president spoke at the RTS London Convention 2022.

The Independent UK

Rangers and Aberdeen's TV squabble gets fresh perspective as Swedish chief disputes Dave Cormack's doomsday scenario

Mats Enquist has opened up on how Sweden's Allsvenskan are enjoying bumper crowds to go with their broadcast windfall.

Daily Record

5 years ago, the most pivotal sci-fi franchise ever made a crucial comeback

When 'Star Trek: Discovery' hit in 2017, there hadn't been any new Star Trek on TV since 2005. It may have been a rocky start, but in retrospect, 'Discovery' had a much stronger debut than fans and critics give it credit for.

Inverse

Mel Gibson claims Warner Bros Discovery merger is behind Lethal Weapon 5 delay

‘They chop everyone else up and throw them away and get new people,’ actor said of long-awaited fifth action instalment

The Independent UK

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Salon

What ads coming soon to Netflix mean

The streaming giant is set to introduce ads in November: what does this mean for the industry as a whole?

The Independent UK

Johnny Depp lawyers dismissed Heard case as ‘not Cosby or Weinstein’, new documentary reveals

Filmmakers were given closed-door access to Mr Depp’s legal team during his high-profile defamation trial with ex-wife Ms Heard, for the new Discovery+ documentay Johnny vs Amber: The US Trial

Benzinga

What Are Whales Doing With Warner Bros.Discovery

A whale with a lot of money to spend has taken a noticeably bullish stance on Warner Bros.Discovery. Looking at options history for Warner Bros.Discovery (NASDAQ:WBD) we detected 10 strange trades.

Los Angeles Times

2022 Emmys: Do the awards still matter in a TV business under siege?

LOS ANGELES — The 74th Emmy Awards were handed out Monday night with trademark glitz and self-deprecating humor, but this year’s show did little to mask the fear roiling the television industry.

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news in one place.

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Inverse

HBO Max: Animators say they're "clueless" and "confused" by sudden cancellations

Inverse spoke to the animators behind 'Infinity Train,' 'Mighty Magiswords,' and 'OK K.O.! Let’s Be Heroes,' who all had their shows removed from HBO Max without any notice.

The Conversation

Ads are coming to Netflix soon – here's what we can expect and what that means for the streaming industry

Ads are coming to Netflix, perhaps even sooner than anticipated.

Chicago Tribune

‘House of Hammer’ review: Women who say they were abused by actor Armie Hammer speak out

In the three-part Discovery+ docuseries “House of Hammer,” about allegations against actor Armie Hammer, someone makes a sharp observation: “Nobody cared about anything but the word ‘cannibal.’” That’s because text messages — allegedly from Hammer (who declined to be interviewed for the series) to women with whom he was intimate…

Inverse

Star Trek canon finally explains the reboot's most controversial twist

How quickly can you become a starship captain anyway? In the 2009 'Star Trek' reboot, it happened to Kirk really quickly. But a new episode of 'Lower Decks' just explained that leap.

Los Angeles Times

Why some of your favorite shows have disappeared from HBO Max

Viewers have come to see streaming as an endless bounty of programming choices that are available in perpetuity.

Benzinga

This Is What Whales Are Betting On Warner Bros.Discovery

Someone with a lot of money to spend has taken a bearish stance on Warner Bros.Discovery (NASDAQ:WBD). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

The Guardian - US

The changes at CNN look politically motivated. That should concern us all

Brian Stelter’s very popular and commerically successful show was axed. The reason? Follow the money

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