Warner Bros. Discovery reported revenue growth in Q2 with a $9.8 billion total compared to $9.7 billion for the same period in 2024. Propelled by the success of films like the action/comedy “A Minecraft Movie” and the horror hit “Sinners” starring Michael B. Jordan — in addition to the international rollout of HBO Max — the company turned a profit of $1.58 billion for the quarter, a significant increase over the same frame last year. Television series including “The Last of Us” and “Abbott Elementary” were hailed as examples of “creative excellence.” In the shareholder letter, WBD says it “optimized” linear networks, while making “substantive progress” in the movie studios and streaming arms. Read more

Grok Imagine is xAI’s new video and image generator, which is currently available via the X social platform, the Grok mobile app, and Grok web interface. Imagine replaces AI image generator Aurora, which was retired in May following a string of offensive posts that led to media criticism and user concerns. Despite the backlash, Elon Musk’s xAI seems determined to have Imagine push conventional limits, with a “spicy” mode that outputs imagery including adult content. Its text-to-image capabilities work with text or voice prompts, while the video tool relies on image prompts to make short clips using images from a user’s gallery or generated by Grok. Read more

Feed is a new social platform featured within the Character.AI mobile app, which launched in 2023 and now has more than 20 million active users worldwide. Described as “TikTok-meets-ChatGPT,” the AI-native Feed is populated by AI-generated avatars, called Characters, created by the platform’s subscribers using the company’s tools. Characters can post AI-generated content, including videos, viewed in a scrollable format that invites familiar interactions like sharing, comments, follows and likes. What sets Feed apart, Character.AI says, is its vibe of a “remix playground,” as opposed to the “passive consumption” approach typical of conventional social platforms. Read more

Disney’s fiscal Q3 earnings and full year projections have topped expectations, with its Streaming and Parks businesses leading revenue streams. Operating income from streaming hit $346 million for the quarter, a significant increase over the same period last year. Disney ended Q3 with 183 million Disney+ and Hulu subscriptions, an increase of 2.6 million from Q2. Overall, revenue was up 2.1 percent to $23.7 billion for the three-month period ending June 28. In addition, the company announced that it plans to integrate Hulu into Disney+ for a new streaming app to be available next year. Read more

Roku has launched Howdy, an ad-free U.S. SVOD service that will cost $2.99 per month for access to a catalog of nearly 10,000 hours of entertainment from inaugural partners Lionsgate, Warner Bros. Discovery and FilmRise, as well as select Roku Original titles. “Priced at less than a cup of coffee,” Howdy is “meeting a real need for consumers who want to unwind with their favorite movies and shows uninterrupted, and on their terms,” said Roku founder and CEO Anthony Wood who feels people are willing to pay to avoid ads even though many ad-supported streaming services are available free. Read more