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DOJ clears Paramount-Skydance's Warner Bros. deal, signaling competition gains
business1 month ago

DOJ clears Paramount-Skydance's Warner Bros. deal, signaling competition gains

The Justice Department's Antitrust Division cleared Paramount Skydance's planned $110 billion acquisition of Warner Bros. Discovery, saying the combination is unlikely to harm competition or consumers after an eight-month review of its impact on streaming, traditional TV and film. The agency argued the deal could increase competition and benefits for consumers, but California, New York and other states are preparing lawsuits to block the deal over concerns including foreign involvement in financing.

via KSL News|
#antitrust#business#merger
Paramount Braces for Multi-State Antitrust Fight Over Warner Bros. Discovery Deal
business1 month ago

Paramount Braces for Multi-State Antitrust Fight Over Warner Bros. Discovery Deal

Paramount’s $111 billion takeover of Warner Bros. Discovery faces potential lawsuits from California and other state attorneys general who may block the deal; Paramount has hired top antitrust lawyer Jeffrey Kessler to lead its defense, as concerns about jobs, competition and media consolidation mount in a politically charged environment tied to Ellison’s ties to Trump; the company is pursuing regulatory approvals from the DOJ and Europe and aims to close by September, following a period of heightened antitrust scrutiny in Hollywood.

via Los Angeles Times|
#antitrust#business#california
Sesame Street Seeks New Streaming Platform After HBO Max Exit
entertainment1 year ago

Sesame Street Seeks New Streaming Platform After HBO Max Exit

Warner Bros. Discovery will not renew its deal with Sesame Workshop, meaning new episodes of Sesame Street will no longer premiere on Max after the next season. This decision is part of a strategic shift to focus on adult and broader family content. Current episodes will remain available on Max until 2027, but the show will need a new streaming platform for future episodes. Sesame Street initially moved to HBO in 2016, with episodes later available on PBS.

via The Verge|
#childrenprogramming#entertainment#hbo
Warner Bros. Discovery Stock Soars Amid Major Business Restructuring
business1 year ago

Warner Bros. Discovery Stock Soars Amid Major Business Restructuring

Warner Bros. Discovery announced a new corporate structure that separates its cable networks from its streaming business, creating two divisions: "Global Linear Networks" and "Streaming & Studios." This restructuring aims to provide more strategic flexibility and has led to a 15% surge in the company's stock. Analysts anticipate further mergers and acquisitions in the industry, and Warner Bros. Discovery has already sold MotorTrend Group to Hearst Magazines.

via CNN|
#business#cabletv#mergers
Warner Bros. Discovery Restructures, Eyes Future Deals with Business Split
business1 year ago

Warner Bros. Discovery Restructures, Eyes Future Deals with Business Split

Warner Bros. Discovery is restructuring into two divisions, separating its struggling cable TV business from its streaming and studios operations, to better position itself for future strategic opportunities. This move aims to enhance flexibility and align the company with evolving media landscapes, potentially setting the stage for mergers or acquisitions. The restructuring is expected to be completed by mid-2025, as the company focuses on growing its streaming services amidst declining cable TV revenues.

via New York Post |
#business#cabletv#mergersandacquisitions
Warner Bros. Discovery Restructures, Splits TV and Streaming Divisions
business1 year ago

Warner Bros. Discovery Restructures, Splits TV and Streaming Divisions

Warner Bros. Discovery announced a restructuring plan to divide its business into linear and streaming units, leading to a 15% surge in its shares. The new global linear networks division will include channels like CNN and HGTV, while the streaming and studios unit will encompass Warner Bros. film studios and the Max platform, including HBO. This move aims to streamline operations and enhance growth, with completion expected by mid-next year.

via CNBC|
#business#davidzaslav#lineartv
Warner Bros. Discovery Restructures, Splits Streaming and Cable Units
business1 year ago

Warner Bros. Discovery Restructures, Splits Streaming and Cable Units

Warner Bros. Discovery is restructuring its business into two separate units for linear networks and streaming/studios, aiming to enhance value creation and potentially spin off its cable channels entirely by mid-2025. This move follows a $9.1 billion writedown on its channels and aligns with industry trends, as companies like Comcast and Disney also reconsider their cable TV strategies.

via The Verge|
#business#cabletv#media
business1 year ago

Warner Bros. Discovery Restructures, Boosting Stock and Strategic Opportunities

Warner Bros. Discovery, led by CEO David Zaslav, is reorganizing its corporate structure to separate its global linear TV division from its streaming and studios division. This move aims to enhance strategic flexibility and unlock shareholder value, with the reorganization expected to be completed by mid-2025. The decision follows similar strategies by other media companies like Comcast and Disney, as the traditional TV business faces challenges from declining subscriber numbers and the rise of streaming services.

via Hollywood Reporter|
#business#corporaterestructuring#shareholdervalue
business1 year ago

Warner Bros. Discovery Restructures, Splits TV and Streaming Units

Warner Bros. Discovery is restructuring into two distinct operating divisions, one for linear TV networks and another for production studios and streaming platforms, to enhance strategic flexibility and unlock shareholder value. This move follows Comcast's plan to spin off its NBCUniversal cable networks and may lead to potential deal-making between the companies. The reorganization is expected to be completed by mid-2025, with HBO included in the streaming and studios assets due to its connection with the Max streaming service.

via Variety|
#business#media#restructuring
business1 year ago

Warner Bros. Discovery Restructures, Splits TV and Streaming Divisions

Warner Bros. Discovery has announced a new corporate structure, consolidating its operations into two divisions: Global Linear Networks and Streaming & Studios. This restructuring aims to enhance strategic flexibility and unlock shareholder value, amid speculation of potential mergers and acquisitions. The move is seen as a response to the declining performance of linear networks, with plans to implement the new structure by mid-2025. CEO David Zaslav emphasized the focus on cash flow from linear networks and growth in streaming and studios.

via Deadline|
#business#corporaterestructuring#linearnetworks
business1 year ago

Warner Bros. Discovery Restructures for Strategic Flexibility and Growth

Warner Bros. Discovery has announced a new corporate structure to enhance strategic flexibility and unlock shareholder value by dividing into two main divisions: Global Linear Networks and Streaming & Studios. This restructuring aims to focus on profitability and growth, with the company expecting to complete the changes by mid-2025. The move is designed to better align the organization with evolving media landscapes and create opportunities for future strategic initiatives.

via PR Newswire|
#business#corporatestructure#mediaindustry
business1 year ago

Comcast and Warner Bros. Discovery Forge Global Distribution Partnership

Warner Bros. Discovery and Comcast have signed long-term distribution agreements to deliver Warner's content across Comcast's Xfinity and Sky platforms in the US, UK, and Ireland. The deals include the continued carriage of HBO and the integration of ad-supported versions of Max and Discovery+ into Comcast's streaming bundles. This agreement expands Warner's reach and resolves previous legal disputes over content rights, particularly concerning the upcoming launch of Max in the UK and Ireland in 2026.

via Deadline|
#business#comcast#skyuk
ESPN Secures 'Inside the NBA' in Landmark Deal with WBD
sports1 year ago

ESPN Secures 'Inside the NBA' in Landmark Deal with WBD

Warner Bros. Discovery and ESPN have agreed to a deal allowing WBD to continue producing 'Inside the NBA' for ESPN starting in the 2025-26 season, despite TNT no longer airing NBA games. However, Shaquille O'Neal's contract with WBD expires in July 2025, creating uncertainty about his future on the show. While O'Neal is interested in staying, he is frustrated by the lack of contract clarity. He has options to explore, including deals with Amazon, NBC, or ESPN, but fans hope he re-signs with WBD.

via Sports Illustrated|
#espn#insidethenba#nba
'Inside the NBA' to Air on ESPN and ABC After TNT Settlement
sports1 year ago

'Inside the NBA' to Air on ESPN and ABC After TNT Settlement

"Inside the NBA," TNT's popular basketball studio show, will now also air on ABC and ESPN following a settlement between the NBA and Warner Bros. Discovery, TNT's parent company. The agreement allows TNT Sports to retain global rights outside the U.S. and continue producing the show with its current panelists, including Charles Barkley and Shaquille O'Neal. This settlement follows a lawsuit by TNT Sports after the NBA's $77 billion deal with ESPN, NBC, and Amazon. The new agreement extends TNT's partnership with Warner Bros. Discovery for 11 years.

via The Athletic|
#charlesbarkley#espn#nba