Warner Bros. Discovery reportedly mulls breaking up media giant to boost sagging stock
Just two years after its mega-merger, Warner Bros. Discovery, the parent company of CNN and HBO, is reportedly considering plans to separate its digital streaming and studio businesses from its traditional TV networks in a bid to boost its sagging stock price. WBD President David Zaslav, who announced a new round of layoffs this week […]
Beanie Babies founder Ty Warner unveils the ‘Beanie Bouncer’ — a plush ball that ‘bounces as high as 50 feet’
Beanie Babies founder Ty Warner has unveiled a new line of stuffed animals that he hopes will capture the hearts of kids – and parents’ wallets. Warner exclusively told The Washington Post in an email that the Beanie Bouncer is a 4-inch-tall stuffed toy with a ball inside that can bounce up to 50 feet. […]
Warner Bros. Discovery to lay off nearly 1,000 staffers amid calls from analyst to ‘explore stategic options’
Warner Bros. Discovery is reportedly cutting 1,000 jobs as it faces calls to sell assets including CNN, which has struggled in the ratings. The layoffs, which began earlier this month, affect the finance, business and production divisions, as well as streaming provider Max, the entertainment news site reported. deadline. The cuts come at a turbulent […]
Universal, Warner, And Sony File $2.6 Billion Anti-Piracy Suit Against Verizon
Universal, Warner and Sony filed a $2.6 billion copyright infringement lawsuit against Verizon on Friday, The Hollywood Reporter (THR) reported. A coalition of major record companies has filed a lawsuit against Verizon, accusing the telecommunications giant of failing to curb copyright infringement among its users. according to Via THR. The lawsuit, filed in New York […]