Tag: NBA rights

Ryan Faughnder chronicles Hollywood's 2024 struggles, highlighting key challenges such as L.A.'s faltering production economy, Warner Bros. Discovery's loss of NBA rights, and the decline of the cable bundle. California's inability to compete with global tax incentives has exacerbated production…

Warner Bros. Discovery is restructuring into two units: Global Linear Networks and Streaming & Studios. The move aims to unlock shareholder value but faces criticism for dismantling key synergies that power Max and global growth according to Skip.

Warner Bros. Discovery is facing a shareholder lawsuit over alleged misleading statements about retaining NBA media rights, which were lost to NBCUniversal and Amazon Prime Video. The loss led to a $9-billion cable network write-down and significant stock declines. A…

Warner Bros. Discovery shares dropped over 11% following a disappointing Q2 2024 earnings report, which revealed a $10 billion net loss, including a $9.1 billion impairment charge related to its networks segment. The company cited ongoing challenges in the U.S.…

Warner Bros. Discovery (WBD) is attempting to retain NBA broadcasting rights by matching Amazon’s $1.8 billion per year bid for a game package. WBD has submitted matching paperwork to the NBA, but it remains unclear if the league will accept…