Key Points
(Reuters) Warner Bros Discovery posted a surprise third-quarter profit on Thursday as the Paris Olympics powered streaming subscriber growth and cable revenue, making up for a lack of major box office hits from its studio...
The companys Max streaming platform expanded into Europe weeks before the Olympic Games with exclusive rights to stream the highly anticipated sporting event, boosting subscribers...
The streaming segment, which includes the Max and Discovery+ services, added 7.2 million direct-to-consumer subscribers in the third quarter, beating estimates for 6.28 million additions, according to data compiled by Visible Alpha...
Revenue at the TV networks division, which includes Discovery Channel, Animal Planet and Food Network, rose 3% to $5.01 billion, primarily driven by sublicensing of Olympic sports rights to regional broadcast networks throughout Europe...
With releases such as Beetlejuice Beetlejuice in the July-September quarter, Warner Bros Discoverys studio division has struggled to repeat last years explosive success of Margot Robbie-starrer Barbie, the highest grossing film of 2023...
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