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Warner Bros. Discovery in Financial Turmoil | Venice Beach News
Warner Bros. Discovery’s Q1 numbers are grim—blockbusters like “Supergirl” and “The Bride” flopped, slashing profits 91% to just $149 million, while losing NBA rights on TNT slashed ad revenue 27%. Cable ratings dipped 17% without NHL finals, but streaming’s HBO Max surged 75% in adjusted earnings thanks to global expansion and hit shows. Meanwhile, David Ellison’s Paramount Skydance is inching closer to a $30B buyout, cleared by UK regulators but stalled by U.S. antitrust lawsuits—with trial set for March 2027. With a June 4 deadline looming and a $7B breakup fee at stake, the studio’s…
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