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Warner Bros. Discovery Takes $825M Write-Down on Content Following High-Profile DC Axings and TBS-TNT Cancellations

Just how much content has Warner Bros. Discovery axed since the WarnerMedia merger just a few months ago? $825 million worth. The company disclosed in a regulatory filing Friday that it has taken a $825 million write-down on content following the deal. That figure includes a $496 million impairment on content, as well as content …

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Stocks making the biggest moves midday: Lyft, Carvana, Warner Bros. Discovery, DraftKings

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images Check out the companies making …

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Warner Bros. Discovery Details New Streaming Plans: U.S. Launch of Combined Service in Summer 2023, Free AVOD Service to Follow

Warner Bros. Discovery executives outlined the company’s plans in streaming Thursday, revealing that the new global service will launch in the U.S. in summer 2023, with other markets to follow. CEO David Zaslav also said that, after its new service gains a foothold, the company also plans to launch a free, ad-supported streaming service with …

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Warner Bros. Discovery Faces First Post-Honeymoon Earnings As Layoffs, Streaming Decisions Loom

Warner Bros. Discovery is heading into a very important week. The company, whose regime just crossed the 100-days-in-office mark, reports its Q2 earnings Thursday, when CEO David Zaslav and his team are expected to lay out more concrete plans for the combined entity than they did on the Q1 earnings call, held just a couple …

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