Warner Bros. Discovery, amid a crackdown on DEI by the Trump administration, is jettisoning the diversity and equity parts of its DEI initiatives.

Warner Bros Discovery is shutting down three of its videogame development studios in a move aimed at boosting profitability for its gaming division amid a sluggish recovery in the market, a spokesperson for the company's games unit said on Tuesday.

The Hollywood giant, led by CEO David Zaslav, disclosed a $9.1 billion networks unit impairment charge for 2024 and outlined a path to 150 million streaming subs by the end of 2026.

Warner Bros. Discovery posted a fourth quarter loss after seeing $1.9 billion in charges even as it added 6.4 million streaming subscribers

Warner Bros Discovery missed Wall Street estimates for fourth-quarter revenue on Thursday, weighed down by the ongoing decline in cable TV business and fewer hit releases during the holiday quarter. The company reported revenue of $10.

(Reuters) - Warner Bros Discovery missed Wall Street estimates for fourth-quarter revenue on Thursday, weighed down by the ongoing decline in cable TV business and fewer hit releases during the holiday quarter.

The media giant, which boasts a total of 116.9 million streaming subscribers, says it has a clear path to reach at least 150 million globally by the end of 2026

There was great news today for entertainment giant Warner Bros Discovery (WBD), which is great, because the news has not been especially good