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Warner Bros Merged With Discovery For $43B In 2022. It Now Realizes The Merger Was A Bust, Having Overpaid For Its TV Network And Writing Down $9B, Resulting In Stock Crashing Over 10%: Here's More
Thursday, August 8, 2024 - 6:00am | 855Read More...Warner Bros. Discovery (NASDAQ:WBD) is facing a $9 billion write-down, causing its stock to plummet by more than 10%. This comes in the wake of the company’s realization that the merger of WarnerMedia and Discovery was not as fruitful as anticipated. What Happened: Warner Bros. Discovery, the...
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Shark Week NFTs: How Viewers Can Get Them For Free
Saturday, July 23, 2022 - 2:20pm | 598Read More...Shark Week 2022 is arriving, and it's bringing non-fungible tokens along with it. Here’s a look at the details and how viewers can get free NFTs for watching content. What Happened: Shark Week returns for a 34th season with content airing on Discovery and the Discovery+ streaming platform...
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AT&T, Discovery In Talks To Merge Media Assets: Bloomberg
Sunday, May 16, 2021 - 1:01pm | 372Read More...AT&T Inc. (NYSE: T) is reportedly in talks to merge its media assets with DISCOVERY COMMUNICATIONS INC (NASDAQ: DISCA). What Happened: The talks are ongoing, and a deal could be announced as soon as this week, Bloomberg reported today, citing people familiar...
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Amazon Introduces One-Year Free Subscription For Its Food Network Kitchen App
Tuesday, April 28, 2020 - 9:55am | 242Read More...In collaboration with Discovery's Food Network Kitchen, Amazon.com, Inc. (NASDAQ: AMZN) has made its live and on-demand 2,300 cooking classes as a free service for a year starting Apr 27, TechCrunch reported. The app is available across all platforms of Amazon - Fire TV, Fire...
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Why Discovery's 'Outlook Remains Challenged'
Monday, May 4, 2015 - 4:34pm | 421Read More...In a new report, analysts at MKM Partners took a close look at Discovery Communications Inc. (NASDAQ: DISCA). According to analysts, Discovery Channel has exhibited some domestic strength recently, but the overall outlook for the company remains challenging. Weak International Business...
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Can Discovery Networks Produce an Online, Netflix-Sized Hit?
Thursday, May 23, 2013 - 11:41am | 715Read More...Discovery Communications (NASDAQ: DISCA) has formally launched TestTube.com, a new online video hub designed to reach consumers that aren't tuning into Discovery's primary pay-TV channels. According to The Wall Street Journal, TestTube was created after the Discovery Channel lost six percent of...
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Discovery Being Launched For Last Time
Friday, February 25, 2011 - 9:40am | 167Read More...NASA launched the Discovery shuttle yesterday for its 39th and final flight to the International Space Station (ISS) with six crew members and one humanoid robot on board. An interesting fact from NASA on yesterday's launch. NASA said that the fuel that was burned at launch would drain the average...
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Piper Jaffray's Media & Entertainment Summary
Tuesday, September 21, 2010 - 7:44am | 304Read More...Piper Jaffray paid a visit to China to view the filmed entertainment market and walked away with these comments: "The broader filmed entertainment market in China is booming. Incentives to encourage local film production, foreign co-production, film distribution, and exhibition are all underway and...
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Deutsche Bank's Entertainment Spotlight
Monday, September 20, 2010 - 9:46am | 188Read More...Deutsche Bank believes the entertainment sector is inexpensive at 6.3x EV/2011E EBITDA, well below the 9x average during the mid-90's, according to Deutsche Bank. Deutsche Bank reports that "threats are overstated as (1) many networks added significantly to their upfronts last August/September, and...
