Nexstar to acquire majority control of The CW

US local broadcasting group Nexstar Media Group is to acquire a 75% majority stake in The CW network. Warner Bros. Discovery and Paramount Global, the current co-owners of The CW, will each retain a 12.5% stake in the broadcaster and will continue to produce original, scripted content for the network. Nexstar, together with its partner […]

Warner Bros. Discovery hires Silberwasser to head global sports and US portfolio

Warner Bros. Discovery (WBD) has appointed former Telemundo and TelevisaUnivision exec Luis Silberwasser to its newly formed senior exec structure. Silberwasser becomes chairman & CEO of Warner Bros. Discovery Sports and will lead the company’s US portfolio and its global sports strategy. He reports into WBD CEO, David Zaslav. The exec was most recently president […]

HBO Max’s Larcher to go as Warner Bros. Discovery restructures

HBO Max’s international chief and the streamer’s Latin America GM are among the latest flurry of execs to exit Warner Bros. Discovery (WBD) amid the company’s ongoing restructuring. Larcher, who previously launched Hulu, joined HBO Max from Middle Eastern streamer Shahid in 2020 and had been leading the SVOD’s expansion outside of the US. He appeared at […]

AT&T bows out of entertainment business with 77 million HBO subscribers

In its final quarter of owning WarnerMedia, AT&T reported positive performance of HBO and its big-budget streaming counterpart HBO Max. The brand added 3 million subscribers in Q1, to reach a total of 76.8 million. This represented a year-over-year increase of 12.8 million, in part thanks to the company’s controversial decision to release its 2021 […]

Warner Bros. Discovery US$43bn merger closes

The newly combined Warner Bros. Discovery has begun trading on the Nasdaq stock exchange today, after the US$43 billion merger of Discovery and AT&T’s WarnerMedia closed on Friday. The closure of the deal brings WarnerMedia’s entertainment, sports and news assets under the same roof as Discovery’s array of factual entertainment offerings to create a US$150 […]

JB Perrette to head global streaming business as Warner Bros. Discovery unveils leadership

Warner Bros. Discovery has unveiled its leadership team under CEO David Zaslav, with JB Perrette and Kathleen Finch among those taking key roles. The team, unveiled days after a slew of senior execs from WarnerMedia, will see Perrette – the ex-president & CEO of Discovery Streaming & International – taking charge of Warner Bros Discovery Global […]

Six more WarnerMedia execs to depart ahead of Discovery merger

The exodus of WarnerMedia executives continues, with the company confirming that six more execs are to depart ahead of its merger with Discovery. The latest confirmed departures include Jim Meza, EVP general counsel; CFO Jennifer Biry; EVP chief human resources officer Jim Cummings; EVP chief revenue officer Tony Goncalves; EVP communications and chief inclusion officer […]

Exodus at WarnerMedia ahead of Discovery merger

WarnerMedia CEO Jason Kilar, its studios chief Ann Sarnoff and HBO Max boss Andy Forssell are all to leave the media giant ahead of its mega-merger with Discovery. Kilar’s future at WarnerMedia had been in doubt for more than a year but was confirmed on Tuesday, along with former BBC Studios exec Sarnoff and Forssell. She then […]

WarnerMedia launches CNN+

WarnerMedia’s news network CNN has launched its long-awaited subscription streaming service in the US. CNN+ launches across streaming devices  including Amazon Fire TV, Android phones and tablets and Apple devices, along with smartphones and tablets. The company said that additional device support will be available in the coming months.  Housed within the CNN app, CNN+ […]

HBO Max and discovery+ to merge into one platform, Discovery exec confirms

Discovery will merge streaming services HBO Max and discovery+ after it completes its acquisition of WarnerMedia, the company has said.  The US$43 billion deal, announced in mid-2021, was ratified on March 11 by Discovery shareholders and is set to close in early 2022. While there had been much speculation on whether the company would continue […]

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