{"id":11276,"date":"2024-05-10T09:01:13","date_gmt":"2024-05-10T06:01:13","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=11276"},"modified":"2024-05-10T09:01:13","modified_gmt":"2024-05-10T06:01:13","slug":"warner-bros-discovery-squeezed-by-studio-slump-weak-ad-spending","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=11276","title":{"rendered":"Warner Bros Discovery squeezed by studio slump, weak ad spending"},"content":{"rendered":"<div><img decoding=\"async\" src=\"http:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/warner-bros-discovery-squeezed-by-studio-slump-weak-ad-spending.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p><strong>Warner Bros Discovery posted a quarterly loss that was larger than expected as advertising sales slumped at its cable TV unit and the studio segment contended with the fallout of last year\u2019s Hollywood strikes and poor demand for a \u201cSuicide Squad\u201d game.<\/strong><\/p>\n<div class=\"cypru-video-ads\" id=\"cypru-683635657\">\n<div id=\"cypru-1156443118\" data-cypru-trackid=\"478051\" data-cypru-trackbid=\"1\" class=\"cypru-target\">\n<div id=\"gpt-ad-1693323878895-0\">\n<\/div>\n<\/div>\n<\/div>\n<p>The results amplified the media companies\u2019 struggles with subdued advertising in the U.S. and certain international markets as businesses responded to the possibility of higher-for-longer interest rates with a tight leash on costs.<br \/>\nAd revenue at the company\u2019s (WBD.O) networks segment fell 11 per cent in the first quarter. On Tuesday, rival Disney (DIS.N) also reported a drop in its traditional TV business.<br \/>\nThe streaming unit remained a bright spot for Warner Bros Discovery, adding 2 million subscribers and reporting a 72 per cent jump in adjusted core profit to $86 million.<br \/>\nInvestors have pushed for a focus on profitability and away from boosting subscription, as Netflix consolidates its leading position in the streaming wars.<br \/>\nWarner Bros Discovery on Wednesday joined hands with Disney to offer a bundle of the Disney+, Hulu and Max streaming services in the U.S., starting this summer. The companies, along with Fox Corp, had unveiled a sports-streaming venture earlier this year.<br \/>\n\u201cWe are effectively seeing the return of the big bundle, delivered over the internet,\u201d said Paolo Pescatore, analyst at PP Foresight.<br \/>\n<strong>\u201cHOPEFUL\u201d ON NBA<\/strong><br \/>\nCEO David Zaslav said the company \u201cwas hopeful\u201d it would reach an agreement with the NBA to keep the league on Max and TNT, which has held those rights for almost four decades.<br \/>\nThat helped shares trade flat after tumbling premarket as NBA rights are considered central to the company\u2019s efforts to drive growth in its streaming business and retain cable customers.<br \/>\nWarner Bros Discovery \u201cwill become a weak third leg\u201d in the new sports-streaming venture if its NBA deal is not renewed, said Ross Benes, senior analyst at Emarketer.<br \/>\nThe company\u2019s studio revenue was hit by the underperformance of the game \u201cSuicide Squad: Kill the Justice League\u201d, compared with 2023\u2019s top-seller \u201cHogwarts Legacy\u201d.<br \/>\nRevenue at the business fell 12 per cent, despite \u201cDune: Part Two\u201d, which is 2024\u2019s highest grossing movie to date with a worldwide box-office collection of over $700 million.<br \/>\nThe company continues to face challenges posed by the twin Hollywood strikes last year, which led to production delays and fewer episodes during the first three months of the year.<br \/>\nRevenue of $9.96 billion missed estimates of $10.23 billion, according to LSEG data. Loss of 40 cents per share was larger than expectations for a 24-cent loss.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warner Bros Discovery posted a larger than expected quarterly loss due to slumping advertising sales at its cable TV unit and fallout from Hollywood strikes and poor demand for a &#8220;Suicide Squad&#8221; game.<\/p>\n","protected":false},"author":3,"featured_media":11277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[2290,9474,3038,209,186,8726,2134,5697,33,2511,3471,3,2369,2852,4893,3761,4818,8903,250,3330,3767,1126,3762,899,1401,187,7685,109,3404,582,5527,34,2952,8399,1045,3331,4593,8872,2247,5216,9473,5612,1812,6106,1806,3798,3480,421,3763,9475,3269,934,4347,618,1006,7581],"class_list":["post-11276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-advertising","tag-advertising-sales","tag-agreement","tag-box","tag-business","tag-ceo","tag-challenges","tag-collection","tag-companies","tag-costs","tag-customers","tag-cyprus","tag-data","tag-delays","tag-demand","tag-disney","tag-expectations","tag-follow","tag-google","tag-google-news","tag-growth","tag-hollywood","tag-hulu","tag-interest","tag-interest-rates","tag-international","tag-international-markets","tag-internet","tag-investors","tag-justice","tag-loss","tag-markets","tag-media","tag-nba","tag-netflix","tag-news","tag-office","tag-production","tag-profit","tag-profitability","tag-quarterly-loss","tag-revenue","tag-rights","tag-sales","tag-services","tag-shares","tag-spending","tag-sports","tag-streaming","tag-streaming-unit","tag-strikes","tag-suicide","tag-summer","tag-top","tag-trade","tag-wars"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"<!-- 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