The film’s appearance on Amazon.com Inc.’s Prime Video is a case study in the consequences of the e-commerce company’s strategy of acquiring as many shows and movies as possible. Read More...
Reuters
Warner Bros Discovery reports loss, but “Dragon” on fire
(Reuters) -Warner Bros Discovery posted a quarterly loss on Thursday that missed Wall Street targets due to restructuring of the combined media company, but investor concerns were tempered by news that HBO’s fantasy series “House of the Dragon” became the most-watched series premiere in the network’s history. Warner also missed expectations on revenue, helping send its shares down 4.8% after hours. Warner Bros. Pictures, film subsidiary of Warner Bros. Discovery, is planning to cut a number of jobs in distribution and marketing which will reduce the headcount by 5% to 10%, Bloomberg News reported on Thursday, citing people familiar with the matter.
