press.wbd.com
Probably will have to be, since they are spinning off the cable channels into a new company, except HBO.
Neither of your last two paragraphs are accurate. I'm 100% certain. Nor does it make any sense as the majority of their cash comes from the linear networks and there would be no reason to cut off that cash flow stream. It also goes completely against what they said in their earnings call last week about the importance of the linear business and the slowing of losses there or their recently announced new linear carriage deals with both Comcast and Charter. Finally, they didn't eliminate their new scripted content as they showed multiple programs at their upfront presentation today (including the next iterations of the Librarians series).
Dude, so far here, lately, thanks to my friend giving me insider info, I have posted here that Comcast/Universal will be spinning off their cable channels, a month before it was announced, I announced ESPN will be launching a streaming version a year before it was announced, which I also included some of the plans, like teaming up with gambling companies.
www.latimes.com
www.hollywoodreporter.com
I know you think you have full knowledge here. Trust me I have better knowledge on this specific subject than you do. He declined to comment. That doesn't mean a transaction is in the works. There are implications on what is confirmed or denied in the SEC space and that is why most of the time the C-suite will decline to discuss any type of transactions. Will there be a transaction. Possible. But to assume that something is being spun off is just not correct. On the advertising side I didn't say it was going up! I said that the declines were slowing. It is still a HUGE portion of their cash flow generation. Have you watched any of the upfront presentations from companies this week so far? The information there is important.Dude, so far here, lately, thanks to my friend giving me insider info, I have posted here that Comcast/Universal will be spinning off their cable channels, a month before it was announced, I announced ESPN will be launching a streaming version a year before it was announced, which I also included some of the plans, like teaming up with gambling companies.
I also said that Fox was looking to team up with Disney, putting their sports content on ESPN, then talks feel apart.
All of the above, I backed up with links after they were announced, which I included my original post.
Everytime you post something about the entertainment industry, you have been wrong, the last time we interacted , you said I was incorrect on Hollywood's share of China's Box Office, I wrote it was 25%, then I backed it up with a link, then you went radio silent.
Here is where you are incorrect again-
On the earnings call, Zaslav declined to say whether a spinoff at his company was in the works.
"We can move quickly if we decide to change," Zaslav said.
The company posted a net loss of $453 million, which underscored continued struggles in key business units, including lower television advertising at its cable channels.
Warner Bros. Discovery breakup speculation ramps up after weak earnings report
The Warner Bros. studio struggled in the quarter, but the company's streaming unit grew by 5.3 million subscribers.
Sounds Like Warner Bros. Discovery Will Have Its Own SpinCo in the “Not-Too-Distant” Future
CNBC’s David Faber reports that a spinoff of Warners’ cable channels is imminent.
Never wrote that, I have less knowledge about the entertainment industry now, since I retired last year, for about the 5th time.
Yep, can really see the decline for the Networks.
Basically Food Network, HGTV, etc are going to cutback on new content, so if they have deals with certain production companies, hosts, etc, they will just let the deals expire.
Not sure AI's source on this, but its not true. Although I hear the emphasis on Discovery content will decrease it will still be available. Also, sports is staying. Not sure if it is going to be on a different "tier" or not. Discovery+ never went away it just wasn't heavily promoted. It is also important to note that Max was built on the Discovery+ platform.
