Sam Altman Ditches Trump to Host Fundraiser for Dem Sen. Warner
Sam Altman, CEO of ChatGpt developer Openai, is one of the list of people set up to host a fundraiser for Sen. Mark Warner (D-VA), who voted against most of President Donald Trump's cabinet candidates. Others who will join Altman as host of Warner's lunch fundraiser on March 20 include Democratic political consultant Chris Lehane, […]
Warner Bros. Discovery forecasts big jump in streaming profit
Warner Bros Discovery said it expects streaming profits to double this year, predicting at least 150 million subscribers will be projected for the business by 2026, setting bold goals to benefit Max's global deployment and tight cost control. The company's shares rose more than 9% on Thursday to $11.49, with investors losing their surprising fourth […]
Warner, Scott spar over DOGE Treasury access
Mark Warner (D-VA) and Tim Scott (RS.C.) reported that they saved Eron Masks of the government and his allies on Wednesday. “If one of your institution suddenly puts someone in your payment system that does not have the background of the banking business and does not understand the flow of money, it is suddenly your […]
Chris Brown Sues Warner Bros. for $500 Million Over ‘History of Violence’ Doc He Says Falsely Labeled Him an Abuser
Chris Brown is suing Warner Bros. and others for $500 million for making a “defamatory documentary” about his sexual assault and other accusations, according to a lawyer's statement posted on the singer's Instagram. filed a lawsuit. The film, “Chris Brown: A History of Violence,” was released by Warner Bros.' Investigation Discovery Channel in October and […]
Venu Sports scrapped by Fox, Disney, Warner Bros. Discovery before it launches
Veenu Sports, a proposed sports streaming joint venture between Disney's ESPN, Fox and Warner Bros. Discovery, has been scrapped ahead of its scheduled launch, the companies announced Friday. Venu has been battling legal threats in recent days from rivals who have cast doubt on the business. Earlier this week, Disney struck a deal with FuboTV […]
Richard Parsons, former Time Warner CEO, Citigroup chairman dead at 76
Richard D. Parsons, a longtime banking executive who took the helm of telecommunications company Time Warner during a difficult time and helped Citigroup weather the financial crisis, died Thursday at the age of 76. Parsons, a prominent black businessman, also helped the NBA's Clippers overcome a racial discrimination scandal. Parsons is widely credited with helping […]
Warner Bros. Discovery CEO David Zaslav hopes to offload assets
With Warner Bros. Discovery's new restructuring (separating cable operations like CNN and Discovery from streaming and studios), there is little doubt that CEO David Zaslav is in the mood to sell. . For Zas, the more buyers, the better. Mr. Zaslav is a balance sheet fanatic through and through. It's a skill he honed during […]
Warner Bros. Discovery Looks to Split from Toxic TV Assets Like CNN
Cable networks like CNN were once important assets in the entertainment world. Now they've become toxic, which is why Comcast removed them last month, and Warner Bros. Discovery (WBD) is currently considering doing the same. “Warner announced Thursday that it is reorganizing its corporate structure from its streaming and studio division into a separate global […]
Warner Bros Discovery to revamp structure, setting up potential dealmaking
Warner Bros. Discovery announced Thursday that it will reorganize into two business units. One focuses on the struggling traditional cable TV business, and the other focuses on streaming and studios. This could create “strategic opportunities” in the future. The media giant has announced that its division, which includes streaming services Max, Discovery Plus and HBO, […]
Warner Bros. Discovery announces major corporate restructure
Media conglomerate Warner Bros. Discovery (WBD) on Thursday announced a major restructuring that will split its linear and streaming divisions into two companies, with an eye toward potential mergers and acquisitions next year. Under the new corporate structure, WBD will serve as the parent company for two business units: Global Linear Networks and Streaming and […]