Warner Bros. Discovery Tops 96 Million Streaming Subscribers Across HBO, HBO Max and Discovery+

Seven months after landing the highly coveted top jobs at Warner Bros. Motion Picture studios, Co-Chairpersons Michael De Luca and Pamela Abdy were bestowed with the PGA Milestone award tonight and paid respect for their mega industry mentors, remembered emotionally their cinematic NYC and New Jersey youths, and gave a huge shoutout to their new boss, Warner Discovery CEO David Zaslav.

Warner Bros. Discovery Inc. is suing Paramount Global, saying its competitor aired new episodes of the popular animated comedy series “South Park” after Warner paid for exclusive rights.

yet more Tolkien movies are on the way from their New Line Cinema.“For all the scope and detail lovingly packed into the two trilogies, the vast, complex and dazzling universe dreamed up by J.R.R. Tolkien remains largely unexplored on film,” said Warner Bros. Pictures Group co-chairs Michael De Luca and Pam Abdy.The extended versions of the six “Lord of the Rings” and “Hobbit” films add up to about 20 hours total, which seems pretty well explored to me.On paper, the move is logical.

“Screw you guys, we’re going to sue,” a Cartman paraphrasing Warner Bros Discovery essentially said to Paramount Global and the series creators today in a scathing lawsuit over South Park streaming rights.

Lord Of The Rings films, but not everyone is happy about it.Warner Bros Discovery’s CEO, David Zaslav, announced on an investors’ call on Thursday that a deal had been brokered to make “multiple” films based on J. R.

Gene Maddaus Senior Media Writer HBO Max’s parent company has filed a lawsuit that accuses Paramount Global of reneging on parts of the $500 million licensing deal set in 2019 for the streaming rights to episodes of “South Park.” The suit, filed Friday in New York state Supreme Court, asserts that Paramount breached the contract by steering “South Park” specials and other content to its own Paramount+ platform. The suit alleges that Paramount “blatantly intended to prop up Paramount+ at the expense of Warner/HBO,” and that Paramount engaged in “multiple and flagrant duplicitous contortions of fact and breaches of contract.”

The Wrap.“But for all the scope and detail lovingly packed into the two trilogies, the vast, complex and dazzling universe dreamed up by J.R.R. Tolkien remains largely unexplored on film. The opportunity to invite fans deeper into the cinematic world of Middle-earth is an honor, and we are excited to partner with Middle-Earth Enterprises and Embracer on this adventure.”The cost of the deal made between Warner Bros., New Line Cinema and Embracer Group — the current rights holders to Tolkien’s novels — has yet to be released.

Yesterday, it was revealed that Warner Bros. Discovery (and its New Line studio) and Embracer Group have hammered out a deal to make more “Lord of the Rings” films in the future.

Middle Earth is returning to the big screen.

K.J. Yossman A Daniel Craig-voiced aid appeal for victims of the tragic earthquakes in Turkey and Syria earlier this month is set to run across 29 networks simultaneously in the U.K. on Friday evening. Media companies including Warner Bros. Discovery, Channel 4, ITV, UKTV, Channel 5 and Sky have gifted advertising space for the 90-second Disasters Emergency Committee appeal, which will run at 9.55pm local time. Channel 4 will also run the advert on its YouTube channel from Friday until Sunday. Ocean Outdoor have also gifted advertising space and the appeal will run on large format digital screens at the same time in major U.K. cities including London, Liverpool, Birmingham and Manchester.

UK TV history will be made tonight when an aid appeal seeking donations to help the Turkey-Syria earthquake disaster airs across 29 channels, narrated by Daniel Craig.

The motivation for continuing to offer Discovery+ as a stand-alone streaming service after a combined offering with HBO Max debuts later this spring, is largely financial, Warner Bros Discovery CEO David Zaslav says.

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.

Warner Bros Discovery revenue fell 11% to $11 billion (or a drop of 9% when foreign exchange fluctuations are excluded), mostly due to advertising softness and tough studio comparisons.

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.

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.

Jennifer Maas TV Business Writer “Hogwarts Legacy” has wingardium leviosa-ed Warner Bros. Games’ sales, earning $850 million in global sales and moving more than 12 million units in just its first two weeks post-launch on PlayStation 5, Xbox Series X|S and PC. That marks the biggest global launch ever for the Warner Bros. Discovery-owned video game company, with the “Harry Potter” action role-playing game also setting the Twitch record for single-player games with 1.28 million peak concurrent viewers at launch. As Variety previously reported, “Hogwarts Legacy” opened with stunning player engagement, topping 267 million hours played from launch on Feb. 10 through Feb. 21. On Thursday, Warner Bros. Games revealed the game had broken company records with 280 million hours played to date.