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Warner Bros Discovery expects billions charged in unwanted content

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Warner Brothers has put a price on its decision to scrap some of its major titles

Films and series like Batgirl, and the The Not-Too-Late Show with Elmo are among the program offerings, which have been deemed unworthy of the investment.

Warner Bros Discovery believes this adds to around $2.5 billion in costs associated with cutting content.

It follows a merger between the WarnerMedia unit and Discovery to form the Warner Brothers brand earlier this year.

The company’s Chief Executive has promised it would lead to $3 billion in savings.

It hopes to secure a pretax charge of $1.3 billion to $1.6 billion in the third quarter.

It follows the removal of 36 titles from the HBO Max streaming service, including shows like ‘Generation’.

There is also a round of layoffs hitting the company, which it believe will lead to up to $1 billion dollars in relief.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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