Warner Bros Discovery Inc
Warner Bros. Discovery sues NBA to secure media rights awarded to Amazon
Adam Silver at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho. David Grogan | CNBC Warner Bros. Discovery sued the National Basketball Association on Friday as it tries to maintain broadcast rights for a package of live games. “Given the NBA’s unjustified rejection of our matching of a third-party […]
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Warner Bros. Discovery is counting on deregulation to unlock media deals — if there’s even appetite
David Zaslav at the Allen & Company Sun Valley Conference on July 9, 2024 in Sun Valley, Idaho. David Grogan | CNBC Comcast Chief Executive Officer Brian Roberts had a not-so-subtle message this week for Warner Bros. Discovery CEO David Zaslav: If you’re selling, I’m not buying. “Instead of engaging in a process to buy content […]
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NBA says Amazon will be its new media partner, rebuffing Warner Bros. Discovery attempt to match deal
Luka Doncic #77 of the Dallas Mavericks shoots the ball against the Boston Celtics during Game 5 of the 2024 NBA Finals on June 17, 2024 at the TD Garden in Boston. Nathaniel S. Butler | National Basketball Association | Getty Images The National Basketball Association has told Warner Bros. Discovery it doesn’t intend to […]
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CNBC Daily Open: Wall Street looks past political uncertainty
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on July 22, 2024. Timothy A. Clary | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, […]
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Warner Bros. Discovery tells NBA it intends to match Amazon’s media rights package
Warner Bros. Discovery said Monday it has informed the National Basketball Association that it intends to use its matching rights for a package of games earmarked for another company. Warner Bros. Discovery is targeting the deal between the NBC and Amazon Prime Video, according to a person familiar with the matter. “In an effort to […]
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With corners of the media industry in upheaval, Netflix makes clear it’s staying out of the fray
A couple sits in front of a television with the Netflix logo on it. Picture Alliance | Picture Alliance | Getty Images Netflix’s second-quarter earnings report contained no bombshells, and that’s just fine for the company and its investors. In recent weeks, Paramount Global has agreed to merge with Skydance Media. Warner Bros. Discovery is […]
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NBA sends media terms to Warner Bros. Discovery, officially starting five-day match period
Jaylen Brown, #7 of the Boston Celtics, shoots a three-point basket against the Dallas Mavericks during Game 5 of the 2024 NBA Finals at TD Garden in Boston on June 17, 2024. Nathaniel S. Butler | National Basketball Association | Getty Images With National Basketball Association media rights approaching final form, Warner Bros. Discovery is […]
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Stocks making the biggest moves midday: D.R. Horton, Domino’s Pizza, Infosys and more
Check out the companies making headlines in midday trading. D.R. Horton – Shares surged more than 12% after the company’s fiscal third-quarter results topped Wall Street expectations. The homebuilder posted earnings of $4.10 per share on revenue of $9.97 billion. Analysts polled by FactSet were expecting $3.75 per share on revenue of $9.61 billion. The […]
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Stocks making the biggest moves premarket: Domino’s, Warner Bros. Discovery, United Airlines and more
Check out the companies making headlines before the bell. Domino’s Pizza — Shares plunged more than 13% on the company’s mixed second-quarter results. Domino’s posted $4.03 earnings per share, topping an LSEG estimate of $3.68 per share. However, revenue came in line with estimates at $1.1 billion. U.S. comparable store sales also grew slightly less […]
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Media, tech titans head for Sun Valley with streaming alliances top of mind
A view of the Sun Valley Lodge in Sun Valley, Idaho. Drew Angerer | Getty Images Media and technology titans will convene in Sun Valley this week to lay the groundwork for the future of streaming — and for potential alliances. Allen & Co.’s annual conference, often referred to as “summer camp for billionaires,” kicks […]
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