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 […]

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 […]

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 […]

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 […]

Warner Bros Discovery has reported results for the quarter ended March 31st 2022. The results cdo not include Q1 performance for the WarnerMedia business, which was acquired on April 8th. David Zaslav, President and Chief Executive Officer of Warner Bros Discovery, commented: “With Warner Bros Discovery, we are creating a pure-play media company with diversified […]

Discovery has announced the full slate of director designees for the combined company, Warner Bros Discovery (WBD).  The directors will be elected and begin serving on the WBD Board effective at the closing of the proposed combination of Discovery and WarnerMedia, which is expected to occur early in the second quarter of 2022. “I look […]