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Warner Bros
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Fubo Beats Wall Street Q2 Expectations Ahead Of Key Hearing In Antitrust Lawsuit
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deadline.comStreaming pay-TV operator Fubo beat Wall Street estimates in the second quarter, reporting a loss of 8 cents a share and $382.7 million in total revenue.
The loss improved upon the year-ago quarter’s loss of 19 cents a share, while revenue increased 26%. Fubo also said it hit 1.45 million paid subscribers, up 24% from the same period in 2023.
The financial results came on the same morning a hearing will begin in federal court in New York in Fubo’s antitrust lawsuit against Disney, Fox and Warner Bros.
Discovery. The suit claims that the media companies’ colluded and used their market leverage to plan a streaming joint venture, Venu Sports, that would undercut Fubo.
Read more on deadline.com
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