Economic TimesLean R·
Warner Bros' revenue disappoints on soft ad sales, weak box-office performance
Warner Bros Discovery reported second-quarter revenue below expectations, mainly due to significant declines in box-office and advertising sales, which weighed on overall financial performance. Despite these challenges, the streaming segment thrived, presenting a glimmer of hope. A merger with Paramount gained UK approval but is entangled in legal issues in the US. The company aims to boost future box-office results with a film slate leaning toward later releases.
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