News

S&P Downgrades Warner Bros. Discovery To Junk Status

CEO David Zaslav Says Warner Bros. Discovery Can Move Quickly If It Wants To Restructure
WBD chief executive David Zaslav said an internal reorganization into two operating divisions, Global Linear Networks and Studios & Streaming, means "we can move quickly if we decide to change and make a determination on restructuring.
Warner Bros. Discovery Downgraded to Junk by S&P
The media and entertainment company Warner Bros. Discovery Inc was downgraded to below investment grade by S&P Global Ratings, according to a report on Tuesday. The issuer credit rating was lowered to BB+,
Warner Bros. Discovery Downgraded to Junk Status Credit Rating by S&P
Warner Bros. Discovery was downgraded to junk status by S&P Global Ratings on Tuesday, with the credit agency pointing to challenges facing its linear TV business as the primary driver. The downgrade,
S&P Downgrades Warner Bros. Discovery To Junk Status On "Weak Credit Metrics" That Would Get Worse If Company Splits
S&P downgraded Warner Bros. Discovery to BB+ amid continued revenue and cash flow declines at its linear TV operations. Anything BB+ and below is junk bond status for the giant ratings agency. It reaffirmed its "negative" outlook.
Warner Bros. Discovery Credit Rating Cut to Junk Bond Status on Linear TV's Decline
The ratings firm marked WBD down to BB+ on overall cable TV weakness as the Hollywood studio pivots to the streaming space.
Los Angeles Times13d
Warner Bros. Discovery breakup speculation ramps up after weak earnings report
Late last year, David Zaslav-led entertainment Warner Bros. Discovery divided its business into two divisions to separate its troubled but still profitable cable channel business. One ...
The Hollywood Reporter6d
Warner Bros. Discovery CFO Explains Reasoning Behind Max Rebrand, Potential Company Split
By Etan Vlessing Canada Bureau Chief Warner Bros ... Comcast with its cable TV channels spinoff. Faber talked about WB studios being paired with Max (sorry, HBO Max) and the Discovery linear ...
Inc6d
Warner Bros. Discovery Just Undid 1 of the Worst Brand Mistakes I’ve Ever Seen
But Warner Bros. Discovery is doing exactly what it should have done all along—leaning into the strongest part of its entertainment business. Instead, the company underestimated just how ...
New York Post7d
Warner Bros. rebrands Max— formerly HBO Max — back to HBO Max
Warner Bros Discovery is hitting rewind on Max ... Streaming has become a major growth area for WBD as its cable TV business suffers from cord-cutting. “Today, we are bringing back HBO ...
Lifehacker7d
Warner Bros. Discovery Just Reversed That Terrible ‘HBO Max’ Branding Decision
That's why it made absolutely no sense at all for Warner Bros. Discovery to remove the name of one of the most respected brands in show business ... offering its past catalogue as well as ...
TheWrap7d
HBO Max Is Back as Warner Bros. Discovery Rebrands Streaming Service – Again
But now, Warner Bros. Discovery is rebranding its streaming service yet again to ... Discovery’s streaming business has grown to 122.3 million subscribers globally, adding 22 million ...
The Hollywood Reporter7d
Warner Bros. Discovery Wants to Connect Advertisers With Its Biggest Franchises
The company unveiled what it is calling its 'Storyverse' initiative at ... executive vp of client partnerships at Warner Bros. Discovery. “Audiences have a deep connection to our stories ...
Variety13d
Warner Bros. Discovery Adds 5.3 Million Streaming Subscribers in Q1, Narrows Loss
Warner Bros. Discovery said its first-quarter loss narrowed from the year-earlier period as it added more than 5 million subscribers to its streaming services around the globe. Even so, the ...
Los Angeles Times7d
Warner Bros. Discovery’s streaming service Max becomes HBO Max — again
It’s not Max, it’s HBO Max. Warner Bros. Discovery has decided its streaming service Max would once again benefit from being associated with the most prestigious brand name in TV history.