Fox, Disney, Warner Bros. Discovery sports-streaming venture to be called Venu Sports
The upcoming sports streaming service from Walt Disney, Warner Bros. Discovery and Fox, called Venu Sports, is on track to launch this fall, company CEO Pete Distad said. Told. Said Thursday. Announced in February, the service brings together the companies’ extensive portfolio of professional and college sports rights, including the National Football League, National Basketball […]
CNN, Other Warner Bros. Discovery Networks See Advertising Plunge 11 Percent as Viewership Plummets
Viewers continue to leave CNN and other networks owned by Warner Bros. Discovery in droves, depressing advertising revenue and creating an unstoppable freedown for the cable TV industry. Warner Bros. Discovery’s TV ad revenue fell 11% in the most recent quarter, with the Hollywood media giant missing its revenue goals. The company’s stock price fell […]
Warner Bros. Discovery hiking Max price, mulling layoffs: report
Warner Bros. Discovery is considering additional opportunities to reduce costs and increase prices for its Max streaming platform. Bloomberg News reported Wednesday, citing people familiar with the matter. The cost-cutting plan could reportedly include possible job cuts at the media company, which has already cut more than 2,000 positions over the past year. The company’s […]
Disney, Warner Bros. join forces to offer streaming bundle of Disney+, Hulu and Max
Walt Disney Co. and Warner Bros. Discovery will offer a bundle of Disney+, Hulu and Max streaming services in the U.S. starting this summer, the companies announced in a statement Wednesday. Customers can sign up for one of three separate websites and choose between ad-free or ad-supported plans. Prices have not been disclosed. Disney and […]
Warner Bros. Discovery CEO David Zaslav Gets Huge Pay Raise Following Mass Layoffs
Warner Bros. Discovery CEO David Zaslav just got richer last year, receiving a nearly 27% pay raise while overseeing mass layoffs at the media conglomerate. Mr. Zaslav’s total compensation in 2023 was $49.7 million, an increase of 26.5% from the $39.3 million he received the year before, according to the company’s 2024 edition. power of […]
Warner Bros Execs Resign After DoJ Investigates Anti-Trust Violations
Two executives at Warner Bros. Discovery, Stephen Miron and Stephen Newhouse, resigned from the company’s board after being told by the Justice Department that they were being investigated for antitrust violations. Following their resignations, the Board of Directors adopted a resolution to reduce the number of directors from 13 to 11.around variety: Mr. Miron and […]
Mark Warner celebrates Democrats rebuilding ‘critical’ NATO alliance after Trump ‘weakened’ it
On NATO’s 75th anniversary, Sen. Mark Warner (D-VA) praised Democrats for their work on the alliance after former President Donald Trump “weakened” it. “After being deeply weakened by the former President, we’ve rebuilt this critical alliance, but its continued strength relies on us keeping our word and renewing aid to Ukraine,” Warner stated. Under the […]
Pete Distad to lead sports streaming service from ESPN, Fox, Warner Bros. Discovery
Former Apple executive Pete Distad has been tapped to run the upcoming joint sports streaming service between Warner Bros. Discovery, ESPN and Fox. Distad, 50, will oversee strategy, distribution, marketing and sales for the as-yet-unnamed new business, which is expected to debut in the fall. The veteran executive has extensive experience with streaming services. He […]
Gerald Levin, former Time Warner Media CEO, dead at 84
Gerald Levin, who led Time Warner Media through its disastrous $182 billion merger with internet provider America Online, died Wednesday at the age of 84, according to media reports. Levin had been diagnosed with Parkinson’s disease, but the cause of death was not immediately reported. The former executive’s grandson, Jake Myre Arlow, confirmed the death […]
Former Time Warner executive Gerald Levin dead at 84
Gerald Levin, a media executive who was one of the architects of the failed Time Warner-AOL merger in the early 2000s, died this week. Levin, 84, was diagnosed with Parkinson’s disease and lived in California. new york times report. Mr. Levin, one of the most powerful executives in an era when cable TV ratings were […]