Warner Bros Discovery Inc
Paramount stock slumps on reports that Skydance merger would require company to raise new equity
Paramount Global‘s stock slumped 8% on Thursday after CNBC’s David Faber reported the company would need to raise as much as $3 billion in new equity if it were to merge with David Ellison’s Skydance Media, according to sources familiar with the deal. This deal comes as media mogul Shari Redstone, the controlling shareholder of […]
Read More
Why streamers are shrinking their content libraries
Every day the streaming landscape is looking more and more like the beast it sought to slay — cable. Looming talks of platform bundles come as major streamers push ad-supported plans, limit password sharing and lean into live sports coverage. The goal of exponential subscriber growth, fueled by pandemic lockdowns, has shifted. Wall Street wants […]
Read More
Two Warner Bros. Discovery directors resign after antitrust probe
The exterior of the Warner Bros. Discovery Atlanta campus is pictured after the Writers Guild of America began its strike against the Alliance of Motion Pictures and Television Producers, in Atlanta, Georgia, on May 2, 2023. Alyssa Pointer | Reuters Two Warner Bros. Discovery directors, Steven Miron and Steven Newhouse, are resigning following a U.S. […]
Read More
NBC's Paris Olympics opening ceremony will play on IMAX screens
A view shows the logo of the Paris 2024 Olympic and Paralympic Games, in Paris, France, March 19, 2024. Benoit Tessier | Reuters Many of the world’s greatest athletes will make their big-screen debut in IMAX theaters this summer. NBC announced Friday that its live coverage of the 2024 Paris Olympics opening ceremony on July […]
Read More
How ESPN executives plan to survive the demise of cable TV
Disney‘s ESPN is at a crossroads. For more than 40 years, the world’s largest all-sports network has grown annual revenue by increasing cable subscription fees. ESPN first charged pay-TV distributors less than $1 per month per subscriber in the 1980s. In 2023, ESPN’s monthly carriage fee was $9.42 per subscriber, according to data from S&P […]
Read More
Oscars 2024 live updates: 'Poor Things' is off to a hot start with three wins
Hollywood needs to take more risk on small films, Jefferson says Cord Jefferson wins the Oscar for Best Adapted Screenplay for “American Fiction” during the Oscars show at the 96th Academy Awards in Hollywood, Los Angeles, California, U.S., March 10, 2024. Mike Blake | Reuters Director Cord Jefferson called on Hollywood to spend more money […]
Read More
IMAX 'ran out of seats' for ɽune: Aspect Two' and Legendary Entertainment is interested in ɼomponent 3'
Sandworms arise on the desert world Arrakis in Denis Villeneuve’s “Dune: Section Two.” Warner Bros. | Legendary Entertainment After a two-thirty day period drought, “Dune: Aspect Two” has delivered a a great deal-welcomed deluge of ticket profits to the domestic box place of work — and its achievement could carry a third franchise movie to […]
Read More
'Dune: Part Two' looks to end box office drought with $80 million opening
Timothee Chalamet stars as Paul Atreides in Denis Villeneuve’s “Dune: Part Two.” Warner Bros. | Legendary Entertainment LOS ANGELES — Movie theater operators are hoping that Warner Bros. and Legendary Entertainment’s “Dune: Part Two,” due out in theaters Friday, will be the much-needed oasis amid a drought of blockbuster content. Since the start of the […]
Read More
CNBC Day by day Open: Markets brace for Fed's essential inflation gauge
A trader performs all through the closing bell at the New York Inventory Exchange (NYSE) on March 17, 2020 at Wall Street in New York Metropolis. Johannes Eisele | Afp | Getty Visuals This report is from present-day CNBC Every day Open up, our global marketplaces publication. CNBC Daily Open delivers buyers up to speed […]
Read More
CNBC Each day Open up: Wall Avenue on edge in excess of Fed's crucial inflation gauge
A trader functions, as a screen displays a news meeting by Federal Reserve Board Chairman Jerome Powell next the Fed charge announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. Brendan Mcdermid | Reuters This report is from present-day CNBC Each day Open up, our […]
Read More