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- On Friday, AT&T handed off Warner Bros. to Discovery Inc. as part of a $43 billion merger. The 99-year-old movie studio, home to Harry Potter, Batman and Bugs Bunny, will now head in a different direction — back toward its traditional sweet spot as an entertainment company, or at least Hollywood’s newest mogul has vowed.
www.nytimes.com/2022/04/10/business/media/warner-bros-discovery.htmlNew Era Begins at Warner Bros., Back Toward Its Entertainment ...
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Apr 8, 2024 · Warner Bros. Discovery was officially created when Discovery and AT&T’s WarnerMedia closed their megamerger on April 8, 2022. Two years later, the entertainment giant, led by CEO David...
Jun 12, 2024 · The closure of the GCN website will lead to numerous job losses. Global Cycling Network (GCN) has been sold back to its founder and CEO, Warner Bros. Discovery confirming the deal on Wednesday 12th June. As we understand it, this does not mean that the GCN+ streaming platform will be returning any time soon, but the GCN brand will continue ...
Sep 16, 2022 · The Hollywood Reporter (THR) shared that some Hollywood insiders are expecting that Warner Bros. could be sold again to Comcast in the years ahead. This follows the recent merger of Warner Bros. with Discovery to create Warner Bros. Discovery, a conglomerate deal that only just closed five months back in April.
Feb 24, 2024 · Investors sent a warning to Warner Bros. Discovery as the stock plunged amid concerning red flags in the company's fourth-quarter earnings report.
Jun 22, 2023 · Warner Bros. Discovery is negotiating to sell around half of the storied Warner studio’s film and TV music-publishing assets for approximately $500 million, three sources confirm to Variety.
It may not happen right away, but there is a growing sentiment that the company — now called Warner Bros. Discovery — will be sold once again in the coming years.
Dec 7, 2022 · Cartoon Network Studios and Warner Bros. Animation will still exist as individual labels, and continue to fall under the oversight of president Sam Register.