David Zaslav clinched a debt-heavy deal to merge cable mainstay Discovery Inc. - which he'd run since 2006 - with what was then called WarnerMedia. The story he told investors was that the two entities' diverse array of media assets "are better and more valuable together.

Warner Bros. Discovery Inc. was downgraded to junk by Moody’s Ratings, cementing the media giant as a fallen angel just years after it sold one of the biggest high-grade bond deals on record.

Warner Bros. Discovery is splitting into two separate publicly traded companies – one oriented around the HBO Max streaming service and Warner Bros. studio, and the other around CNN and other television networks.

Robert Eggers is set to write and direct a movie adapting Charles Dickens’ classic ghost story set at Christmas. Eggers will produce the project alongside Chris Columbus and Elenor Columbus for Maiden Voyage. 'The Lunar Chronicles' Animated Movie Lands 2028 Release From Warner Bros.

After adapting Viking mythology and a classic vampire tale, Robert Eggers has set his sights on Charles Dickens. IndieWire has confirmed that the “Nosferatu” filmmaker is set to write and direct a new film based on Dickens’ holiday classic “ A Christmas Carol ” for Warner Bros., with his muse Willem Dafoe eyed to star.

Warner Bros. Discovery will split into two companies by next year, with much of its streaming and movie production moving under one company and its live sports and news to another, according to the Washington Post .

At the end of March, Warner Bros. Discovery had gross debt of $38.0 billion, which is comprised of “total debt” ($37.4 billion) and financial leases ($535 million). The 2022 merger of WarnerMedia (owned by AT&T) and Discovery, Inc. created more than $50 billion of debt.