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. Continue reading WBD Earnings Buoyed by ‘Minecraft’ Film, HBO Max Growth

Warner Bros. Discovery is planning to split into two publicly-traded companies by next year, one company focused on film, streaming and content production and the other concentrating on traditional television, including cable TV properties CNN, Discovery and TNT Sports. The Streaming & Studios company will contain Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, as well as the film and television libraries. Global Networks will include CNN, TNT Sports in the U.S. as well as top free-to-air European channels, Bleacher Report and the Discovery+ streaming network. Continue reading WBD Will Split into Two Publicly Traded Companies Next Year