Warner Bros. TV Lands Pilot ‘Souvenir Alaska’ From Mac Smullen With Carly Wray Overseeing And Lee Toland Kreiger Directing

Brian Steinberg Senior TV Editor David Zaslav sounds tired of taking lumps. After months of cost cutting, write-downs, and getting pilloried among Hollywood natives for killing projects, the Warner Bros. Discovery chief showed off some new truculence, making the case that while his newly-merged company has been having a tough time, so too were others. “‘Last year was a year of restructuring,” said Zaslav, during a call with investors Thursday. “This year will be a year of building.” Over the course of an hour, Zasalv and Gunnar Wiedenfels, Warner’s chief financial officer, made the case that their company was just as well-equipped as any of its rivals — perhaps even more so — to withstand a stormy era during which media companies are pressed to grow their streaming operations but maintain profitability. Zaslav elbowed Netflix for releasing all of the episodes for a program’s cycle all at once; suggested that a move to launch new “Lord of the Rings” movies would take away some of the momentum that Amazon had enjoyed from its launch of a series based on the novels; and told listeners Warner Bros. Discovery could launch an ad-supported streaming service without having to buy an outside asset, as Fox Corp. and Paramount Global had. “We can create a Tubi or a Pluto without having to buy anybody,” he boasted.

earnings call comments suggest that he is even more adamant in this direction. On Thursday, Zaslav spoke about Warner Bros.’ recent strategy to move films greenlit under previous CEO Jason Kilar’s leadership for exclusive release on HBO Max to an exclusive release in theaters before going to the streaming service.

Call “2023 will be a year of building,” Warner Bros Discovery boss David Zaslav made a point today on the company’s latest earnings call to sing the praises of CNN’s “more inclusive range of voices and viewpoints.”

Warner Bros. Discovery CFO Gunnar Wiedenfels today predicted the company will hit $4 billion in total cost savings from the merger of Discovery and Warner Media – up from a previous commitment to hit $3.5 billion.

New Line Cinema and Warner Bros Pictures have hammered out a new multi-year agreement with Embracer Group AB’s Middle-Earth Enterprises to team on new The Lord of the Rings movies. Warner Bros Discovery CEO David Zaslav dropped the news Thursday during the company’s call to discuss its Q4 2022 earnings results.

Matt Donnelly Senior Film Writer Warner Bros. Pictures is revamping the “Lord of the Rings” film franchise. On a Thursday earnings call, Warner Bros. Discovery CEO David Zaslav announced that newly-installed studio leaders Mike De Luca and Pam Abdy have brokered a deal to make “multiple” films based on the beloved J. R. R. Tolkien series. The films will be developed through WB label New Line Cinema. The first series of films, helmed by Peter Jackson, grossed nearly $3 billion worldwide. Embracer Group AB made the deal with he studio for adaptations of “Lord of the Rings” and “The Hobbit.”

Brian Steinberg Senior TV Editor Warner Bros. Discovery continued to work on making all its various pieces, merged together last year, into a cohesive whole. The New York owner of the TNT and TBS cable networks, the HBO Max streaming service and the Warner Bros. production studio reported a net loss of $2.1 billion for its fiscal fourth quarter after the company wrote down $1.85 billion in assets and faced nearly $1.2 billion in restructuring expenses. Revenue fell 9%, excluding the results of foreign exchange, and the company saw ad sales decrease 14% as its TV networks, even as it worked to add subscribers to its HBO Max and Discovery+ streaming outlets.

Jennifer Maas TV Business Writer HBO, HBO Max and Discovery+ added 1.1 million subscribers in Q4 to end 2022 with a total of 96.1 million worldwide. That’s up from the 95 million combined global streaming customers Warner Bros. Discovery hit from July 1-Sept. 30, the quarter during which the highly anticipated “Game of Thrones” prequel “House of the Dragon” debuted. During the Oct. 1-Dec. 31 quarter, “House of the Dragon” concluded its first season the second season of HBO’s hot Mike White drama “White Lotus” premiered. Details about the upcoming combined HBO Max-Discovery+ streamer — which does not yet have a name, launch date or pricing details — will be revealed at an April 12 press day.

increasing by $1 to $15.99 per month, a change not reflected in the just-reported quarterly results. The hike came as Warner plans to launch a combined, ad-supported offering of HBO Max and Discovery+ later this year at a lower price point.

Warner Bros. Games Hogwarts Legacy, the open-world, action role-playing game has sold more than 12 million units and hit $850 million in sales globally and 280 million hours played in its first two weeks of launch, the company said, confirming a major hit as parent Warner Bros. Discovery prepares to release quarterly earnings shortly.

Cynthia Littleton Business Editor As the fourth-quarter earnings cycle for Big Media closes today with Warner Bros. Discovery results after the market close, Wall Street will be eagerly looking for green shoots to confirm that the worst is truly over for the newly minted conglomerate. Warner Bros. Discovery shares have been gaining slowly but steadily since the beginning of this year as Team Zaslav hammers the point to investors that the worst of its integration and restructuring pain is behind them. WBD CEO David Zaslav has been ahead of the curve in preaching a return to the business fundamentals that have powered Hollywood for more than a half-century. Disney and Paramount Global delivered results earlier this month that came with sober warnings about streaming losses hitting a peak this year. Zaslav and WBD chief financial officer Gunnar Wiedenfels have promised analysts that the heaviest gusher of investment in HBO Max came in 2022 and that they are now on the path to taking the streamer to the promised land — profitablity — next year.

For those headed to CinemaCon in Las Vegas this April, take notice: Variety reports that Warner Bros. will screen its upcoming DCEU blockbuster “The Flash” at the event.

The incoming Warner Bros. Discovery (WBD)/ BT Group UK sports streaming JV will be named TNT Sports, the U.S. media giant has revealed.

Believe it or not, M. Night Shyamalan had his seventh #1 opening weekend at the box office with “Knock At The Cabin” earlier this month.

Warner Bros. Pictures Group has signed a multiyear first-look directing and producing agreement with two-time Oscar-nominated filmmaker M.

Angelique Jackson M. Night Shyamalan has inked a new multi-year, first-look deal with Warner Bros. Pictures, with the Oscar-nominated filmmaker switching his allegiance from Universal. The announcement was made Thursday by Warner Bros. Pictures Group co-chairs and CEOs Michael De Luca and Pam Abdy. News of the pact comes as the director celebrates his latest release “Knock at the Cabin,” which marks his seventh No. 1 opening at the box office — he has a No. 1 film in each of the last four decades — and further contributes to his more than $3 billion haul at the global box office, beginning with his breakout hit, “The Sixth Sense.” “Where I write and direct is my home,” Shyamalan said in a statement announcing the new deal. “Disney and Universal, where I’ve made most of my films, will always be home and family to me. Warner Bros. has a storied history of cinema. Through its recent experiences, the company has rediscovered its love and appreciation for filmmakers, and the impact of the theatrical experience. We all win when movies succeed in theaters. I believe David Zaslav, Michael De Luca, and Pam Abdy have dedicated themselves to unique filmmakers, and to filling theaters all around the world for years to come.”

EXCLUSIVE: Warner Bros Pictures Group has inked a multi-year first-look directing and producing agreement with two-time Oscar-nominated filmmaker M. Night Shyamalan, whose movies have grossed $3.3 billion at the box office.

Patrick Frater Asia Bureau Chief Warner Bros. Discovery has extended its rights to show the U.S. Open in 45 markets across Europe, including exclusive access in 42 territories, after reaching a new five-year agreement with the United States Tennis Association (USTA). Territories excluded from the deal are Austria, France, Germany, Italy, Spain, the U.K. and Ireland. The deal includes live and highlights rights with every match on every court available to stream on discovery+ and the Eurosport app in addition to live television coverage during the tournament on Eurosport 1 and 2. Markets including the Nordics will also have the option to showcase the best matches on Warner Bros. Discovery’s free-to-air channels.

Clement Schwebig, Warner Bros Discovery President, India, Southeast Asia and Korea, has taken over the honorary role of Chair of the 2023 Asian Academy Creative Awards (AAA), which are traditionally hosted in Singapore in December.