It is reported that parent company Warner Bros. Discovery reduces scripting production for TNT and TBS. Warner Bros. was not wasted. Discovery no time in cost-cutting after the Warner Bros. merger. and Discovery. One of the first sectors to shut down was CNN+, the new broadcast platform spin-off from news company CNN. The new broadcast project was moved shortly after its launch, which caused a shock to its employees, many of whom learned about the news on social media. David Zaslav, CEO of Warner Bros. Discover has now turned its attention to TNT and TBS, putting an end to the networks’ original scripts.
diverse Reports indicate that TNT and TBS will not develop new script content, as Zaslav seeks to cut $3 billion in savings for Warner Bros. Discovery. Although both networks have produced new scripts over the past decade, the past several years have seen the output dwindle. Post OGAnd miracle workersAnd ChadAnd American Dad She is the last of the scripts on TBS, while TNT has animal kingdom And snow hole. A decision on what will happen to the scripted shows by TNT and TBS has not been made available to the public.
Post OG It wrapped up its fourth season last year, and there is no word on a fifth season; miracle workers A third season began in July 2021, and a fourth season was ordered in November; Chad It debuted in the summer of 2021 and a second season is expected to air this year; and American Dad was renewed for two more seasons in December. The popular animated series originally started on FOX before moving to TBS.
On the TNT front, Season 6 will be the final for animal kingdomSnowpiercer has been renewed for a fourth season ahead of the third season’s premiere.
Tuesday saw Warner Bros. Discovery report its first-quarter earnings, with Discovery commanding the majority of reporting because the newly combined company wasn’t around until this month. WarnerMedia’s first-quarter earnings were wrapped in an AT&T call for the last time. WarnerMedia Chief Financial Officer Gunnar Wiedenfels revealed the company’s profit was down $500 million in its Discovery asset earnings forecast.
After the successful acquisition of AT&T subsidiary WarnerMedia, Warner Bros. stock soared. Discovery by 3%. The WBD was trading at $24.88 before the markets closed for the weekend. That’s good news for a company that went into heavy debt after Discovery plunged into debt to take on $43 billion for Warners. The merger also benefited from AT&T’s stock price, though not to the same extent; Most of the money generated from the acquisition will go to clearing some of the telecom giant’s debts in the coming months.
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