The management team that will lead Warner Bros. Discovery (WBD) forwards in the Nordics has been announced by Christina Sulebakk following her appointment in June as General Manager. Sulebakk commented: “The Nordics is a highly developed media market and Warner Bros Discovery is one of the leading media businesses in the region, reaching millions of […]

A report from analysts at MoffettNathanson (MN) cautions that while cord-cutting in the US reached new heights during Q2 2022 trading announcements, the market may be “underestimating the structural declines in linear cable and broadcast network viewership which will pressure near-term advertising revenues”. MN describes the 39 per cent year-on-year declines in total day broadcasting […]

Following his appointment as General Manager Warner Bros Discovery CEE, Baltics, Middle East, Mediterranean and Turkey (CEE MENAT) in June, Jamie Cooke has announced his leadership team that will drive the future of the business in the regions. Cooke commented: “I have spent the last few weeks getting to know the key leaders across the […]

Warner Bros Discovery has walked away from GB News, selling its £60 million (€71m) investment in the fledgling channel to existing backers Legatum Ventures and its chairman Sir Paul Marshall. WBD says that since the Warner-Discover merger, it had “evaluated our global and local investment portfolio” and is no longer a GB News shareholder. WBD […]

Anthem Sports & Entertainment, a global multi-platform media company, has announced that the Company’s professional wrestling promotion, IMPACT Wrestling, has extended its partnership with Warner Bros Discovery’s premium sports channel Eurosport India – ensuring that viewers across India, Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka can continue to enjoy IMPACT’s content. The agreement includes […]

Warner Bros Discovery (WBD) has laid off around 70 workers at HBO and the HBO Max streaming service – equating to 14 per cent of the workforce. Unscripted and live-action family programming for HBO Max, the streaming service, were most affected according to a report in The New York Times. Other cuts impacted HBO Max’s […]

Nexstar Media Group has entered into a definitive agreement to acquire a 75 per cent ownership interest in The CW Network. Warner Bros Discovery and Paramount Global the current co-owners of The CW, will each retain a 12.5 per cent ownership interest and continue to produce content for the broadcaster. Nexstar, together with its partner […]

Hannes Heyelmann, who was named EVP and General Manager of Warner Bros Discovery Germany, Switzerland and Austria in June, has unveiled his management team. “In the past few weeks I have been working on the future strategy for Warner Bros Discovery in Germany, Switzerland and Austria, including the formation of the management team for our […]

Credit ratings agency S&P Global Ratings has confirmed its positive outlook on Warner Bros Discovery (WBD; BBB-/positive/A-3) is unchanged after the company reported its first quarterly results post-merger and lowered its 2022 and 2023 EBITDA guidance. “A positive outlook implies a 33 per cent chance we will raise the ratings, but also up to a […]

Analysts from MoffettNathanson (MN), having examined in some detail the pro-forma numbers from Warner Bros Discovery (WBD) are concerned. WBD says its EBITDA guidance for 2023 will be about $12 billion (€11.7bn), and thus two billion less than previously expected. MN says even these reduced numbers are dependent on profits from linear cable networks which […]