Earnings
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Tom Cruise Warner Bros. Partnership ‘Off and Running,’ David Zaslav Says
“We look forward to a long future together,” the Warner Bros. Discovery CEO added
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Max Will Be Available in Bundle With Mega Sports App, David Zaslav Says
Warner Bros. Discovery CEO confirms that joint venture app with Fox and Disney will access non-sports content
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‘Harry Potter’ TV Series Aiming for 2026 Debut as David Zaslav Touts J.K. Rowling’s Involvement
The Warner Bros. Discovery CEO says the team behind the ambitious adaptation recently met with the author in London
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Warner Bros. Discovery Adds 1.8 Million Subscribers, Narrows Streaming Loss 75% to $55 Million in Q4
WBD Earnings: Lower content spend, cost cutting help offset 12% linear advertising revenue decline and strikes impact, but shares plunge
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Warner Bros. Discovery Streaming Subscriber Growth, Profitability to Take Q4 Earnings Spotlight
Wall Street will be watching to see if the media giant can reverse recent subscriber declines and keep up profitability momentum
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Cinemark Revenue Rises 6.5% to $638.9 Million Despite Weak Q4 for Box Office
The theater chain reported an all-time high food and beverage per cap of $5.68 per patron
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Roku Stock Plunges 17% on ‘Challenging’ Media and Entertainment Outlook for 2024
The streamer and hardware maker topped 80 million active accounts in 2023, up 14% year over year
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Sony Pictures Profits Surge 57% to $281 Million in Q3 Thanks to Licensing, Home Entertainment and Crunchyroll
Revenues for the film and television division rose 10% to $2.43 billion
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Movies
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AMC Networks’ Q4 Streaming Gains Can’t Offset 30% Revenue Plunge, Shares Dive 19%
The parent of IFC Films and SundanceTV posted a narrower loss than last year as it booked charges for the sale of 25/7 Media, value decline of BBC deal
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Disney Shares Leap 10% as Wall Street Cheers Positive Earnings, New Initiatives
In addition to a solid Q1, Disney announced a huge move into gaming and a pact to launch new sports streaming service
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Thomson Reuters Credits AI Deals for Q4 Revenue Boost
The news and information agency said it is in “growth and investment mode” as broader industry struggles
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Bob Iger Says Disney Is ‘Leaning More’ Into Sequels, Franchises: ‘Actually a Smart Thing’
The CEO adds that the studio would “reduce output” at Marvel after its recent flood of streaming
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News Corp. Reports 3% Boost in Revenue to $2.59 Billion Driven by Dow Jones, Book Publishing and Real Estate
The fiscal Q2 of 2024 marked the highest quarterly Dow Jones revenues since its acquisition in 2007
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ESPN Streaming Service to Launch by Fall 2025
The direct-to-consumer platform will incorporate shopping and other customizable features
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Disney to Take $1.5 Billion Stake in ‘Fortnite’ Studio Epic Games, Will Create New Content
The move marks Disney’s most serious investment in gaming to date
