Warner Bros Discovery Crisis - FT: Warner Bros Discovery looks to avoid break-up with smaller asset sales

Story from FT:

Warner Bros Discovery’s senior management is looking to avoid a break-up of the company as executives race to reverse the Hollywood group’s plunging share price, according to people familiar with the matter.

Variety: Longtime Nat Geo Marketing and Communications Exec Chris Albert Set to Depart After More Than Two Decades

Story from Variety:

Longtime National Geographic marketing and communications exec Chris Albert, known for his stylish sartorial choices themed to the channel’s various events (and spawning the social media hashtag “#wearischris”), is departing the company after more than two decades.

Variety; Max Launches New Homepage Personalization System: Here’s How It Works and What Changes Are Next

Story from Variety:

Max subscribers may not have noticed yet, but Warner Bros. Discovery quietly began rolling out a new homepage personalization system last December, when it began A/B testing the redesign.

BizAsia: Neeraj Vyas to leave Sony Pictures Television this month

Story from BizAsia:

Sony Pictures Networks India (SPNI) has announced that Neeraj Vyas, Business Head—Sony Entertainment Television, Sony SAB, PAL, and Sony MAX Movie Cluster, will be leaving the company effective 31st August 2024.

Broadband TV News: Deep Bagchee named President, CNBC International

Story from Broadband TV News:

CNBC has announced the appointment of Deep Bagchee as CNBC International President.

Deadline: Customers Duped By House-Flipping Scheme Tied To HGTV Stars Are Getting Refunds

Story from Deadline:

The Federal Trade Commission is giving $12 million in refund payments to those duped by a Utah company associated with multiple HGTV stars.

Deadline: Paramount Global Stations In Detroit & Miami To Become CW Affiliates In Renewal Agreement With Nexstar

Story from Deadline:

Paramount Global has inked a multi-year affiliation agreement with Nexstar, the nation’s biggest broadcaster, covering 42 markets.

Broadband TV News: Acunmedya finalises 50% acquisition of Sport1

Story from Broadband TV News:

Acunmedya’s investment in Sport1 has been finalised: The Turkish media company acquires 50% of the shares in the German sports broadcaster.

RTÉ News: Executive salaries to be included in RTÉ annual report

Story from RTÉ News:

Executive salaries for senior managers will be included in RTÉ's next annual report for the first time, as the broadcaster has committed to more transparency in the wake of controversies last summer.

Warner Bros Discovery Crisis - Variety: Boomerang Cartoon Streaming Service Is Being Shut Down by Warner Bros. Discovery

Story from Variety:

Zoinks! After more than seven years, Boomerang, the cartoon streaming service from Warner Bros. Discovery, is shutting down as a standalone service.

Variety: NFL Sunday Ticket $4.7 Billion Jury Verdict Thrown Out by Judge

Story from Variety:

The NFL got a major call overturned: A federal judge Thursday threw out a jury’s $4.7 billion award to subscribers of the league’s Sunday Ticket, finding that the verdict was unsupported by evidence presented in the class-action case.

Broadband TV News: LFP confirms domestic football rights

Story from Broadband TV News:

The French Football League (LFP) has officially ratified the pay-TV contracts for the new football season.

Warner Bros. Discovery/Paramount Global merger

Last updated on August 1st 2024

We at Media Boy UK HQ will update this thread with more information as soon as we get any:

Deadline: Banijay Production & Distribution Revenues Dip In H1 But Group Keeps Faith In Full-Year Profits Growth

Story from Deadline:

Revenue within Banijay‘s production and distribution arms fell by 7% and 20% respectively in the first half of this year, with the group putting this down to big scripted shows set to launch in Q4.

Variety: HBO and Max’s Multicultural Marketing Chief Jackie Gagne Exits After 4 Years

Story from Variety:

HBO and Max senior vice president of multicultural marketing Jackie Gagne is exiting her post after four years.

RTÉ News: 133 external activities by RTÉ employees approved in Q1

Story from RTÉ News:

RTÉ has published the first breakdown of details from its new Register of External Activities, which covers the months of February and March 2024.

Variety: Disney, Fox and Warner Bros. Discovery’s Sports Streamer Venu to Launch at $42.99 per Month

Story from Variety:

Streaming sports on a stand-alone basis won’t be cheap.

Paramount Global for sale latest - Variety: Announcement of Rival Bid for Paramount Global Pulled by Business Wire

Story from Variety:

An announcement put out Wednesday by Business Wire, a service that distributes press releases on behalf of clients, about a purported new bid for Paramount Global was withdrawn later in the day.

BizAsia: Star India to seek damages against ZEE after termination of ICC TV rights deal

Story from BizAsia:

Star India has terminated its $1.5 billion TV rights deal with ZEE Entertainment Enterprises Limited for the International Cricket Council (ICC) events.

Paramount Global for sale latest - Deadline: Paramount Shares Sink After Hours Amid Questions About Legitimacy Of Supposed New Takeover Bid

Story from Deadline:

Paramount Global shares, which had ticked up 1.6% Wednesday amid word of a left-field acquisition offer, sank in after-hours trading as questions were raised about the legitimacy of the purported bid.