Warner Bros. Discovery posted a $2.9 billion loss this quarter.
… As noted by CNBC, Paramount agreed to cover the hefty termination fee, “but the cost lives on WBD’s books until the close of the deal.” Link: Warner Bros. …
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Google invests in A24 to build AI movie tools
… Still, the partnership is likely to raise some eyebrows in the film industry, given that Google’s AI models are trained on publicly available internet data, and how ferociously other movie studios like Disney, Universal, and Warner Bros have fought AI companies for alleged copyright violations. …
DC Comics
… HBO / Warner Bros. …
Netflix was reportedly worried about antitrust scrutiny if it bought Roku instead of Fox.
… Now Semafor reports Netflix was interested in acquiring the company before Fox closed its $22 billion deal, losing out once again after Paramount swooped in with a deal to buy Warner Bros. while enjoying a cozier relationship with this administration’s regulators. …
The plan to quietly kill Coyote v. Acme blew up in David Zaslav’s face
… Though people weren’t exactly foaming at the mouth for a Christmas-themed Scooby-Doo prequel, Batgirl’s cancellation came as a surprise given how much the movie cost to produce reportedly $90 million and the fact that it was intended to be part of Warner Bros.’ last interconnected universe of movie… …
Is Apple TV the new HBO?
… Then, WarnerMedia merged with Discovery, which brought a bunch of reality TV shows to the service, muddying the value proposition. The service was even briefly rebanded as Max to attract a broader audience, but Warner Bros. …
Fox wants to take over your TV — and the tech inside it
… As we saw with Paramount’s acquisition of Warner Bros. …
Netflix cofounder Reed Hastings is officially leaving the company
… The streaming giant says the jump was driven by “membership growth, higher pricing, and increased ad revenue.” It also netted a $2.8 billion breakup fee after walking away from an $83 billion deal to acquire the Warner Bros. studio and HBO Max. …
HBO Max’s annual plans are 28 percent off right now
… Product: HBO Max | https://hbomax.prf.hn/click/camref:1101lqHRA/ p id:1011l394533 /destination:https%3A%2F%2Fwww.hbomax.com%2F, https://hbomax.prf.hn/click/camref:1101lqHRA/ p id:1011l394533 /destination:https%3A%2F%2Fwww.hbomax.com%2F, https://hbomax.prf.hn/click/camref:1101lqHRA/ p id:1011l394533… …
Hollywood is bending the knee to OpenAI
Netflix, A24, Focus Features, and Warner Bros.’ Clockwork have all reportedly decided to pass on picking up Artificial — director Luca Guadagnino’s new biographical drama about OpenAI cofounder / CEO Sam Altman — for distribution deals. …