Warner Bros, TV streaming, Television industry, UK news, Media, US news, Video on demand, Television & radio Business | The Guardian
Warner Bros Discovery this week wrote down $9bn as it – and others – play catch-up with streaming and video servicesWarner Bros Discovery’s announcement this week of a $9bn (£7bn) writedown in the value of its TV networks is a stark acknowledgment of the damage the streaming wars are inflicting on traditional broadcasting models.The astonishing figure, which pushed the US entertainment group to a quarterly net loss of $10bn (£7.9bn) and sent shares sliding 12% in early trading on Thursday, lays bare how channels such as CNN, TLC and the Food Network can no longer rely on a captive cable subscriber base. Continue reading…
Warner Bros Discovery this week wrote down $9bn as it – and others – play catch-up with streaming and video services
Warner Bros Discovery’s announcement this week of a $9bn (£7bn) writedown in the value of its TV networks is a stark acknowledgment of the damage the streaming wars are inflicting on traditional broadcasting models.
The astonishing figure, which pushed the US entertainment group to a quarterly net loss of $10bn (£7.9bn) and sent shares sliding 12% in early trading on Thursday, lays bare how channels such as CNN, TLC and the Food Network can no longer rely on a captive cable subscriber base.
