Warner Bros. Studio Business is All Misses, no Hits, in 2Q
Dow Jones
Aug 06
1145 ET - Warner Bros. Discovery's movie studio brought in $2.33 billion in revenue during the latest quarter, down 39% from a year ago. "There's no question that media is, by nature, a business full of hits and misses," CEO David Zaslav says, "and you see that reflected in our Studios results." Warner Bros. benefited from a string of box-office hits in last year's second quarter, such as "A Minecraft Movie" and "Sinners." This year's second quarter, however, was full of misses, with movies such as "Supergirl" and "The Bride!" failing to connect with audiences.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.