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S&P downgraded Warner Bros. Discovery to BB+ amid continued revenue and cash flow declines at its linear TV operations. Anything BB+ and below is junk bond status for the giant ratings agency. It reaffirmed its “negative” outlook.
BT is in advanced talks to sell its 50% stake in British broadcaster TNT Sports to U.S. joint venture partner Warner Bros Discovery , the Financial Times reported on Saturday.
Warner Bros. Discovery, Inc. (NASDAQ:WBD ) MofafettNathanson 2025 Media, Internet & Communications Conference May 15, 2024 3:10 PM ET Company Participants Gunnar Wiedenfels - Chief Financial Officer Conference Call Participants Robert Fishman - MoffettNathanson Robert Fishman So thank you.
SAN FRANCISCO--(BUSINESS WIRE)--Warner Bros. Games announces DC Worlds Collide, a new mobile squad RPG set in the DC universe. Pre-registrations available now.
HBO became HBO Max, and then it became Max. Now, it will be HBO Max once more.
Warner Bros Discovery Inc (NASDAQ:WBD, ETR:J5A) said on Wednesday it will reintroduce the “HBO” brand to its flagship streaming service, renaming Max to HBO Max this summer, in a reversal of a much-criticized rebrand that had left both consumers and industry observers puzzled. The announcement came during the company's annual Upfront presentation in New York, where executives highlighted the strength of WBD's streaming turnaround, citing $3 billion in improved profitability over two years and 22 million new subscribers in the past year.
WBD execs reverse the 2023 name change as shares at conglomerate reported down 15% since this year's start
Warner's decision to drop HBO from HBO Max in 2023 followed its move to merge its HBO dramas and Warner Bros' content across top franchises like "Harry Potter" and DC's "Batman" with the content library from Discovery.
Warner Bros Discovery is hitting rewind on Max's branding, bringing back the HBO name it dropped from the streaming service two years ago.
Warner Bros. Discovery is renaming its streaming platform again starting this summer, restoring a name it ditched just two years ago.