Money

Warner Bros Discovery expects billions charged in unwanted content

Published

2 years ago

October 25, 2022

ticker NEWS

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.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

6 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending