Tom Felton Gets Reacquainted With His 'Harry Potter' Wand While Attending Opening Ceremony at Warner Bros. Studios Tour Tokyo

HBO’s potential deal to license a slew of library titles to rival Netflix, as revealed by Deadline, was met with derision by some, another example of Warner Bros. Discovery boss David Zaslav selling off the crown jewels to hit his savings targets.

Jem Aswad Executive Editor, Music Warner Bros. Discovery is negotiating to sell around half of the storied Warner studio’s film and TV music-publishing assets for approximately $500 million, three sources confirm to Variety. The news was first reported by Hits. While it is unclear exactly which assets are on the table, one source says that the rights to “slightly less than half” of the catalog, with a price of around $500 million, are likely to go to a major label, with Sony said to be in the lead. The catalog is believed to include music from such films as “Purple Rain,” “Evita,” “Sweeney Todd,” “Rent” several “Batman” films and many more titles, as well as songs included in iconic films such as “As Time Goes By” from “Casablanca” — iconic titles to be sure, but again, it is unclear exactly which rights are in play. Top attorney Allen Grubman is said to be overseeing the deal for Warner Discovery CEO David Zaslav.

Outfest announced the full line up for its 41st Outfest Los Angeles LGBTQ+ Festival presented by Warner Bros. Discovery and Genesis Motor America, taking place July 13 – 23 in venues around Los Angeles and is headquartered at the Directors Guild of America in West Hollywood. Tickets and passes are available to Outfest members today, and to the general public starting Friday, June 23rd.

Earlier this week, Warner Bros. Discovery laid off several execs at Turner Classic Movies, leading many to conclude that the channel’s future may be in crisis.

EXCLUSIVE: Warner Bros. Discovery (WBD) insiders in Poland have reacted with alarm after a group of European regulators said they plan to meet to discuss what the insiders believe could lead to the closure of the U.S. media giant’s operation in the nation.

Angelique Jackson After Warner Bros. Discovery announced layoffs at Turner Classic Movies (TCM) on Tuesday, filmmakers Steven Spielberg, Martin Scorsese and Paul Thomas Anderson conferred with WBD chief David Zaslav about the future of the cinema network. Variety has learned that the Warner Bros. Discovery CEO convened a call with the trio of top filmmakers on Wednesday for guidance following the departure of top TCM execs, including general manager Pola Changnon, who stepped down after more than 25 years with the network and Turner. Spielberg, Scorsese and Anderson are key parties of the Film Foundation, the nonprofit organization dedicated to the preservation and restoration of classic cinema. The Film Foundation was founded in 1990 by Scorsese, with Spielberg serving on its original board of directors and Anderson joining in 2006. In 2022, TCM expanded its partnership with the nonprofit, announcing a multi-year financial commitment to fund education and restoration of classic movies. The expansion was commemorated at this year’s TCM Classic Film Festival, where Spielberg made a special appearance to debut a 4K restoration of the Warner Bros.’ classic “Giant.” In April, Spielberg, Anderson and Zaslav also sat for a Q&A at the festival following a special screening of the 4K restoration of “Rio Bravo,” moderated by TCM host Ben Mankiewicz.

Warner Bros’ CineEurope show here in Barcelona was a starry, jam-packed affair featuring Zendaya and Timothée Chalamet who talked up Dune: Part Two, as well as their respective upcoming titles Challengers and Wonka. The proceedings kicked off with a pre-taped intro video featuring President of International Theatrical Distribution Andrew Cripps zipping along the 405 in the Barbie car, and with Margot Robbie putting in an appearance. Helen Mirren, who narrates Barbie, also narrated the presentation in a voice over.

You’d be hard-pressed to find a CEO in the film and TV industry to have such an immediate impact as David Zaslav over at Warner Bros. Discovery.

The Batman spinoff series The Penguin has been given an adult rating.The Max crime drama series, which is expected to premiere in 2024, stars Colin Farrell as the titular character (aka Oswald Cobblepot), Gotham City’s crime kingpin and one of Batman’s key enemies. The series will pick up after the events of The Batman.According to LADbible, the Motion Picture Association (MPA) has given the upcoming DC miniseries an R-rating.

Jordan Moreau In a turnaround for the streaming wars, Warner Bros. Discovery is in negotiations to license a package of library HBO titles to Netflix. If a deal were to go through, it would cement the sea-change in content distribution strategy afoot at Warner Bros. Discovery under the David Zaslav regime. HBO has licensed library content in the past — a deal with Netflix would not be groundbreaking per se, but it is notable in the era of pitched competition among the largest media companies to build direct-to-consumer streaming platforms. Netflix, the upstart outsider from Los Gatos, has been the pace car for television’s transition over the past decade.

EXCLUSIVE: HBO’s streaming walled garden is coming down, it seems.

Adam B. Vary Senior Entertainment Writer SPOILER ALERT: This story mentions a few significant plot developments in “The Flash,” currently playing in theaters. In the climax of “The Flash,” Barry Allen (Ezra Miller) watches helplessly as his timeline-hopping escapades cause several other superhero universes to careen into each other and become obliterated in the process. Ironically, Warner Bros. is facing almost an identical dilemma — and the stakes could be nearly as existential. “The Flash” is the second of four mega-budgeted DC adaptations the studio is set to release this year, starting with “Shazam! Fury of the Gods” in March, and followed by “Blue Beetle” and “Aquaman and the Lost Kingdom” in August and December. Yet these movies were conceived and greenlit by an executive team that all have departed the studio; in their place, new DC Studios chiefs James Gunn and Peter Safran have announced they will reboot the DC franchise in 2025, starting with Gunn’s “Superman: Legacy.”

Pola Changnon, who runs Turner Classic Movies (TCM), is the latest executive to leave as part of the Warner Bros. Discovery shakeup.

Cynthia Littleton Business Editor Warner Bros. Discovery has begun implementing layoffs in its domestic cable group, cuts that will affect about 100 employees across legacy Discovery and Turner outlets. Amid the shuffle, TCM general manager Pola Changnon is leaving the classic movie channel after more than 25 years with TCM and Turner. Michael Ouweleen, president of Adult Swim, Cartoon Network, Discovery Family and Boomerang, will oversee TCM, as he did prior to the Warner Bros.-Discovery merger in 2022. The plan for layoffs across Warner Bros. Discovery’s major divisions were signaled late last year when the company faced extreme financial pressure amid rising losses from its streaming operations and the weakening macroeconomy. WBD’s domestic cable channels — including Discovery, TNT, TBS, TLC, HGTV, Food Network and CNN — were once the envy of the industry in terms of viewership and profitability. But the fast-changing pay TV marketplace and the rise of on-demand streaming has upended the reliable cable TV earnings power that made the former Time Warner a dynamo in the 1990s and early 2000s.

EXCLUSIVE: As Deadline revealed in May, Warner Bros. Discovery is undergoing another round of layoffs in its television business and it’s starting today.

Emma Watson’s latest look is straight out of the wizarding world!

Daniel Radcliffe has opened up on the upcoming Harry Potter TV series, and he’s not confident he’ll be invited to take part. The actor, 33, became a household name as a child alongside Rupert Grint and Emma Watson as they led the cast in the Harry Potter film series, based on the books by JK Rowling. As well as the film franchise, Potter has launched spin-off films, a West End play, theme parks, merchandise, video games and a still-thriving, still massive fandom.

John Hopewell Chief International Correspondent ANNECY — Bathed by gorgeous sun, the Annecy International Animation Film Festival and MIFA market came of age as a major industry and artistic event last week at the fairy-tale looking town nestling in the laps of the French Alps.  Takeaways from this year’s extraordinary edition, which ran June 11-17: Annecy Blasts Attendance Records The Annecy Festival and MIFA market smashed prior attendance figures to smithereens, recording 15,820 accreditations, 20% up on last year’s then all-time record of 13,200. That reflects “the extraordinary dynamism of the animation industry; more and more countries producing: our support of a lot of talents in emerging countries who want to come, of course; the [year-round outreach] in terms of meetings, and the official selection,” Mickaël Marin, CEO of the Festival and MIFA organizer CITIA, told Variety. “The festival was a great success, in its record numbers of attendance, exhibition booths and companies and dynamism and sensation of an extraordinary energy,” agrees Olivier Lelardoux, Blue Spirit Studio.  

DC and Warner Bros.’ long-in-the-works superhero movie “The Flash” opened to $55 million in its first three days in North American theatres, according to studio estimates on Sunday.

Michael Cera is recalling his time with Rihanna on the set of This Is the End and remembering the slap the singer gave him in the film which turned out to be real.

Rebecca Rubin Film and Media Reporter After struggling at the domestic box office, this weekend’s two major releases — the Warner Bros. superhero adaptation “The Flash” and Disney’s Pixar adventure “Elemental” — failed to catch fire with international audiences. “The Flash” pulled in $75 million in its international box office debut, which doesn’t sound all that bad… except when considering the movie is available in 78 overseas markets. That means it failed to hit $1 million in the vast majority of the territories in play. China led the way with a lackluster $13.8 million, followed by Mexico with $9.4 million, the United Kingdom with $5.3 million, Korea with $3.7 million and Brazil with $3.5 million.