<p>Warner Bros Discovery David Zaslav has said that the ongoing double strike has resulted in&nbsp; savings of approximately $100 million for the studio, reported Variety. This revelation was made during the latest earnings call for the company, where Zaslav highlighted the cost-cutting benefits of production shutdowns across his studio.</p>

<p>By not compensating actors and writers for their work, the company seems to be capitalising on the opportunity to retain the money for itself.</p>

<p>The Writers Guild of America initiated the strike about three months ago on July 2, raising concerns about fair payment for their labour in the industry. Last month, on July 14, SAG-AFTRA joined the strike, making it a double strike.&nbsp;</p>

<p>Also Read:&nbsp;<strong><a href="https://www.wionews.com/entertainment/hollywood/news-explained--is-warner-bros-facing-an-existential-crisis-struggles-and-uncertainty-plague-the-studio-608460">Explained | Is Warner Bros facing an existential crisis? Struggles and uncertainty plague the studio</a></strong></p>

<p>Variety quoted Zaslav as saying, “We’re in the business of storytelling. Our goal is to tell great stories, stories with the power to entertain and, when we’re at our best, inspire with stories that come to life on screens big and small. We cannot do any of that without the entirety of the creative community, the great creative community. Without the writers, directors, editors, producers, actors, the whole below-the-line crew. Our job is to enable and empower them to do their best work."</p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/the-chronicles-of-greta-gerwig-with-netflix-612372/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>He added, "We’re hopeful that all sides will get back to the negotiating room soon and that these strikes get resolved in a way that the writers and actors feel they are fairly compensated and their efforts and contributions are fully valued. Our job is to enable and empower them to do their best work. We’re hopeful that all sides will get back to the negotiating room soon and that these strikes get resolved in a way that the writers and actors feel they are fairly compensated and their efforts and contributions are fully valued.”</p>

<h2><strong>The unpopularity of David Zaslav</strong></h2>

<p>Zaslav's emphasis on the $100 million in savings, while also claiming support for writers and actors, is unlikely to earn him any favours. Since assuming the role of CEO of WBD, the entity formed after the Warner Bros and Discovery merger, he has faced considerable unpopularity. Criticism has mounted due to his controversial decision to significantly reduce the content library on HBO Max, apparently as a means of tax write-offs.&nbsp;</p>

<p>This move resulted in a staggering loss of nearly $25 billion in the company's market capitalisation. Notably, several projects, including the $90 million film <em>Batgirl </em>and <em>Scoob! Holiday Haunt</em>, were nearing completion or in the advanced stages of post-production but were abruptly cancelled. The cancellation of <em>Batgirl</em> was unprecendented and met with widespread disappointment.</p>

<p>The movie was featuring acclaimed directors Adil El Arbi and Bilall Fallah, had undeniable popular appeal as a comic-book superhero story, and a star-studded cast including Leslie Grace, Michael Keaton, Brendan Fraser, and JK Simmons.</p>

<p><strong>WATCH WION LIVE HERE</strong></p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></p>

<p>You can <strong>now write for wionews.com</strong> and be a part of the community. Share your stories and opinions with us <strong><a href="https://www.wionews.com/content-contribution-registration-form">here</a>.</strong></p>


Warner Bros Discovery David Zaslav has said that the ongoing double strike has resulted in savings of approximately $100 million for the studio, reported Variety.

Warner Bros Discovery David Zaslav has said that the ongoing double strike has resulted in savings of approximately $100 million for the studio, reported Variety. This revelation was made during the latest earnings call for the company, where Zaslav highlighted the cost-cutting benefits of production shutdowns across his studio. By not compensating actors and writers for their work, the company seems to be capitalising on the opportunity to retain the money for itself. The Writers Guild of America initiated the strike about three months ago on July 2, raising concerns about fair payment for their labour in the industry. Last month, on July 14, SAG-AFTRA joined the strike, making it a double strike. Also Read: Explained | Is Warner Bros facing an existential crisis? Struggles and uncertainty plague the studio Variety quoted Zaslav as saying, “We’re in the business of storytelling. Our goal is to tell great stories, stories with the power to entertain and, when we’re at our best, inspire with stories that come to life on screens big and small. We cannot do any of that without the entirety of the creative community, the great creative community. Without the writers, directors, editors, producers, actors, the whole below-the-line crew. Our job is to enable and empower them to do their best work." He added, "We’re hopeful that all sides will get back to the negotiating room soon and that these strikes get resolved in a way that the writers and actors feel they are fairly compensated and their efforts and contributions are fully valued. Our job is to enable and empower them to do their best work. We’re hopeful that all sides will get back to the negotiating room soon and that these strikes get resolved in a way that the writers and actors feel they are fairly compensated and their efforts and contributions are fully valued.” The unpopularity of David Zaslav Zaslav's emphasis on the $100 million in savings, while also claiming support for writers and actors, is unlikely to earn him any favours. Since assuming the role of CEO of WBD, the entity formed after the Warner Bros and Discovery merger, he has faced considerable unpopularity. Criticism has mounted due to his controversial decision to significantly reduce the content library on HBO Max, apparently as a means of tax write-offs. This move resulted in a staggering loss of nearly $25 billion in the company's market capitalisation. Notably, several projects, including the $90 million film Batgirl and Scoob! Holiday Haunt, were nearing completion or in the advanced stages of post-production but were abruptly cancelled. The cancellation of Batgirl was unprecendented and met with widespread disappointment. The movie was featuring acclaimed directors Adil El Arbi and Bilall Fallah, had undeniable popular appeal as a comic-book superhero story, and a star-studded cast including Leslie Grace, Michael Keaton, Brendan Fraser, and JK Simmons. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Warner Bros Discovery CEO reveals $100mn savings due to Hollywood strikes

<p>Recently, Variety reported that Warner Bros Discovery is in negotiations to sell approximately half of its film and TV music-publishing assets for an estimated $500 million. Although the specific assets up for sale are not yet known, Variety's source indicates that a major label, with Sony in the lead, is likely to acquire the rights to "slightly less than half" of the catalog. The catalog, valued at around $500 million, is believed to include music from well-known films such as <em>Purple Rain, Evita, Sweeney Todd, Rent,</em> various <em>Batman </em>films, and several other titles. It may also encompass songs featured in iconic films like <em>Casablanca</em>, including the timeless "As Time Goes By". However, the precise details of the rights involved in the deal remain uncertain. Renowned attorney Allen Grubman is reportedly overseeing the transaction on behalf of Warner Discovery CEO David Zaslav.</p>

<h2><strong>Are the glory days of Warner Bros over?</strong></h2>

<p>These negotiations represent another development in the ongoing changes and challenges faced by the once-dominant Warner Bros brand. The decision is almost certainly driven by strategic considerations and financial factors. A prominent and influential entertainment company with a rich history spanning more than 100 years in the film and television industry, WB has undergone significant transformations in recent years. And it has been a mostly downhill journey for one of the pioneering Big Five movie studios. Release after release, the studio has continued to suffer losses. Even the usually reliable cash cow franchises like Wizarding World (which encompasses <em>Harry Potter</em> and <em>Fantastic Beasts</em>)&nbsp;and DC, which brought billions in the noughties, are no longer working.</p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/harry-potter-making-a-comeback-with-tv-series-announcement-582127/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<h2><strong>Of acquisitions and mergers</strong></h2>

<p>In 2018, Warner Bros was acquired by AT&amp;T as part of its acquisition of Time Warner, WB's parent company. This led to the formation of WarnerMedia, which encompassed various media properties, including Warner Bros Studios. However, in May 2021, AT&amp;T announced a deal to spin off WarnerMedia into a new company called Warner Bros Discovery. The move was driven by AT&amp;T's desire to focus more on its core telecommunications business and reduce its debt. The merger between WarnerMedia and Discovery Inc, which was finalised in 2022, was expected to create a formidable entertainment powerhouse capable of competing with other major players in the streaming landscape.</p>

<p>But...</p>

<h2><strong>The Zaslav Effect</strong></h2>

<p>Ever since he assumed command, Zaslav has faced significant criticism for his controversial decision to drastically reduce the content library on the streaming service HBO Max as a means of tax write-offs. This move resulted in a staggering loss of nearly $25 billion from the company's market capitalisation. Numerous projects, such as <em>Batgirl </em>(a $90 million film) and <em>Scoob! Holiday Haunt,</em> were&nbsp;either close to completion or in advanced stages of post-production, but were axed anyway. Cancelling a movie like <em>Batgirl</em>, featuring acclaimed directors like Adil El Arbi and Bilall Fallah at the helm, an undeniable popular appeal that is inherent in comic-book superheroes, and finally a cast with names like Leslie Grace, Michael Keaton, Brendan Fraser, and JK Simmons is unprecedented.</p>

<p>Earlier, before Zaslav's time, Christopher Nolan, for whom Warner Bros had been a home for nearly more than 17 years, chose to quit after the studio announced in 2021 that it will release every big screen project on both HBO Max and in theatres. Apart from Nolan, many other filmmakers took exception to the decision. Now, Zaslav's actions may have further exacerbated the discontent among filmmakers and industry professionals.&nbsp;</p>

<p>But Warner Bros' biggest issue is DC.</p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/movie-review-was-the-flash-worth-the-wait-critically-speaking-604400/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<h2><strong>The DC Problem</strong></h2>

<p>While the Marvel Cinematic Universe started with 2008's summer release of Jon Favreau's<em> Iron Man</em>, the DCEU's beginning came half a decade later in 2013 with Zack Snyder's<em> Man of Steel,</em> and it has only played catchup since then. Starring Robert Downey Jr in the role, <em>Iron Man </em>was a runaway, though unexpected, hit. The superhero was not a well-known one, and frankly neither were the Avengers that came later for the general audience who were not comic book readers. But Marvel Studios, with Kevin Feige at the helm, had trust in themselves and the cast (even Robert Downey Jr, who was pretty much persona non grata back then due to his substance abuse issues and run-ins with the law) and crew that paid off.&nbsp;</p>

<p>The challenge in front of <em>Iron Man</em>&nbsp;was also <em>The Dark Knight</em>. Christopher Nolan's grownup-oriented Bat-movie was more of a crime thriller than a full-fledged superhero pic. But the Dark Knight trilogy, featuring Christian Bale in the role, was its own self-contained universe. And it was not until <em>Man of Steel </em>that DC really dipped its toes in the water of a unified cinematic universe populated by several superheroes.</p>

<p>Starring Henry Cavill in the role of Superman, the film was a standalone that was supposed to eventually lead to the formation of the Justice League. But the film was poorly received, as Snyder's gloomier Superman was rejected by fans. The film was a decent commercial success and received mixed critical reviews. The next two releases — <em>Batman V Superman </em>and<em> Suicide Squad</em> —were even more heavily panned by critics and disappointed at the box office as well. That is when the former had the main trinity of DC superheroes — Batman, Wonder Woman, and Superman.</p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/10-marvel-dc-characters-who-need-their-own-movies-511168/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>Then came <em>Wonder Woman</em> in 2017, a more hopeful and sunny superhero movie starring Gal Gadot, which pleased both audiences and critics. However, whatever goodwill <em>Wonder Woman</em> had generated evaporated with <em>Justice League</em> later, a bastardised product with two competing visions of Snyder, who had to quit the production midway after a family tragedy, and Joss Whedon, who had directed the first two Avengers movies for rival Marvel Studios and was brought to finish the film.</p>

<p>The film was a spectacular failure, grossing about $650 million on a budget of an incredible $350 million (the vagaries of film economics mean that the original budget does not include promotional and marketing costs, and the cut of theatre chains. The actual budget then is much higher)&nbsp;. It prompted execs at Warner Bros to overhaul the structure of DC Films, the studio in charge of DC adaptations, just one of many since then. After that, DC films have been more successful, with hits like<em> Aquaman</em> and <em>Shazam!,</em> but there have been setbacks too mainly due to the regimes that keep changing and that are evermore capricious.&nbsp;</p>

<p>While James Gunn, a filmmaker with a perfect track record in superhero cinema, is now at the helm of DC Studios, the entity that replaced DC Films, the future is still uncertain.<em> <strong><a href="https://www.wionews.com/entertainment/hollywood/news-the-flash-movie-review-ezra-millers-dc-movie-is-a-worthwhile-adventure-despite-hiccups-604172">The Flash</a></strong></em><strong><a href="https://www.wionews.com/entertainment/hollywood/news-the-flash-movie-review-ezra-millers-dc-movie-is-a-worthwhile-adventure-despite-hiccups-604172">,</a></strong> the latest release, is proving to be another expensive ($200mn) disaster. Gunn is building out a whole new DC Universe, which brings together cinema, television, animation, and gaming to tell one big, cohesive story. But it might be too late. The audiences might be overly fatigued and disenchanted by the continuous poor quality churned out by the brand. In any case, Gunn has his work cut out.&nbsp;</p>

<p>We shall wait and see.</p>

<p><strong>WATCH WION LIVE HERE</strong></p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></p>

<p>You can <strong>now write for wionews.com</strong> and be a part of the community. Share your stories and opinions with us <strong><a href="https://www.wionews.com/content-contribution-registration-form">here</a>.</strong></p>


Recently, Variety reported that Warner Bros Discovery is in negotiations to sell approximately half of its film and TV music-publishing assets for an estimated $500 million.

Recently, Variety reported that Warner Bros Discovery is in negotiations to sell approximately half of its film and TV music-publishing assets for an estimated $500 million. Although the specific assets up for sale are not yet known, Variety's source indicates that a major label, with Sony in the lead, is likely to acquire the rights to "slightly less than half" of the catalog. The catalog, valued at around $500 million, is believed to include music from well-known films such as Purple Rain, Evita, Sweeney Todd, Rent, various Batman films, and several other titles. It may also encompass songs featured in iconic films like Casablanca, including the timeless "As Time Goes By". However, the precise details of the rights involved in the deal remain uncertain. Renowned attorney Allen Grubman is reportedly overseeing the transaction on behalf of Warner Discovery CEO David Zaslav. Are the glory days of Warner Bros over? These negotiations represent another development in the ongoing changes and challenges faced by the once-dominant Warner Bros brand. The decision is almost certainly driven by strategic considerations and financial factors. A prominent and influential entertainment company with a rich history spanning more than 100 years in the film and television industry, WB has undergone significant transformations in recent years. And it has been a mostly downhill journey for one of the pioneering Big Five movie studios. Release after release, the studio has continued to suffer losses. Even the usually reliable cash cow franchises like Wizarding World (which encompasses Harry Potter and Fantastic Beasts) and DC, which brought billions in the noughties, are no longer working. Of acquisitions and mergers In 2018, Warner Bros was acquired by AT&T as part of its acquisition of Time Warner, WB's parent company. This led to the formation of WarnerMedia, which encompassed various media properties, including Warner Bros Studios. However, in May 2021, AT&T announced a deal to spin off WarnerMedia into a new company called Warner Bros Discovery. The move was driven by AT&T's desire to focus more on its core telecommunications business and reduce its debt. The merger between WarnerMedia and Discovery Inc, which was finalised in 2022, was expected to create a formidable entertainment powerhouse capable of competing with other major players in the streaming landscape. But... The Zaslav Effect Ever since he assumed command, Zaslav has faced significant criticism for his controversial decision to drastically reduce the content library on the streaming service HBO Max as a means of tax write-offs. This move resulted in a staggering loss of nearly $25 billion from the company's market capitalisation. Numerous projects, such as Batgirl (a $90 million film) and Scoob! Holiday Haunt, were either close to completion or in advanced stages of post-production, but were axed anyway. Cancelling a movie like Batgirl, featuring acclaimed directors like Adil El Arbi and Bilall Fallah at the helm, an undeniable popular appeal that is inherent in comic-book superheroes, and finally a cast with names like Leslie Grace, Michael Keaton, Brendan Fraser, and JK Simmons is unprecedented. Earlier, before Zaslav's time, Christopher Nolan, for whom Warner Bros had been a home for nearly more than 17 years, chose to quit after the studio announced in 2021 that it will release every big screen project on both HBO Max and in theatres. Apart from Nolan, many other filmmakers took exception to the decision. Now, Zaslav's actions may have further exacerbated the discontent among filmmakers and industry professionals. But Warner Bros' biggest issue is DC. The DC Problem While the Marvel Cinematic Universe started with 2008's summer release of Jon Favreau's Iron Man, the DCEU's beginning came half a decade later in 2013 with Zack Snyder's Man of Steel, and it has only played catchup since then. Starring Robert Downey Jr in the role, Iron Man was a runaway, though unexpected, hit. The superhero was not a well-known one, and frankly neither were the Avengers that came later for the general audience who were not comic book readers. But Marvel Studios, with Kevin Feige at the helm, had trust in themselves and the cast (even Robert Downey Jr, who was pretty much persona non grata back then due to his substance abuse issues and run-ins with the law) and crew that paid off. The challenge in front of Iron Man was also The Dark Knight. Christopher Nolan's grownup-oriented Bat-movie was more of a crime thriller than a full-fledged superhero pic. But the Dark Knight trilogy, featuring Christian Bale in the role, was its own self-contained universe. And it was not until Man of Steel that DC really dipped its toes in the water of a unified cinematic universe populated by several superheroes. Starring Henry Cavill in the role of Superman, the film was a standalone that was supposed to eventually lead to the formation of the Justice League. But the film was poorly received, as Snyder's gloomier Superman was rejected by fans. The film was a decent commercial success and received mixed critical reviews. The next two releases — Batman V Superman and Suicide Squad —were even more heavily panned by critics and disappointed at the box office as well. That is when the former had the main trinity of DC superheroes — Batman, Wonder Woman, and Superman. Then came Wonder Woman in 2017, a more hopeful and sunny superhero movie starring Gal Gadot, which pleased both audiences and critics. However, whatever goodwill Wonder Woman had generated evaporated with Justice League later, a bastardised product with two competing visions of Snyder, who had to quit the production midway after a family tragedy, and Joss Whedon, who had directed the first two Avengers movies for rival Marvel Studios and was brought to finish the film. The film was a spectacular failure, grossing about $650 million on a budget of an incredible $350 million (the vagaries of film economics mean that the original budget does not include promotional and marketing costs, and the cut of theatre chains. The actual budget then is much higher) . It prompted execs at Warner Bros to overhaul the structure of DC Films, the studio in charge of DC adaptations, just one of many since then. After that, DC films have been more successful, with hits like Aquaman and Shazam!, but there have been setbacks too mainly due to the regimes that keep changing and that are evermore capricious. While James Gunn, a filmmaker with a perfect track record in superhero cinema, is now at the helm of DC Studios, the entity that replaced DC Films, the future is still uncertain. The Flash, the latest release, is proving to be another expensive ($200mn) disaster. Gunn is building out a whole new DC Universe, which brings together cinema, television, animation, and gaming to tell one big, cohesive story. But it might be too late. The audiences might be overly fatigued and disenchanted by the continuous poor quality churned out by the brand. In any case, Gunn has his work cut out. We shall wait and see. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Explained | Is Warner Bros facing an existential crisis? Struggles and uncertainty plague the studio

<p>Steven Spielberg, Martin Scorsese, and Paul Thomas Anderson have issued a joint statement to reassure Turner Classic Movies (TCM) fans amidst the ongoing shakeup that has surprised cinephiles. In the statement, released on Wednesday, the three renowned filmmakers acknowledged that Warner Bros. Discovery CEO David Zaslav had reached out to them earlier in the week to discuss his plans for restructuring TCM. This restructuring led to the departure of Pola Chagnon, TCM's executive V-P and general manager, along with key members of her team. Michael Ouweleen, president of Adult Swim, Cartoon Network, Discovery Family, and Boomerang, will now oversee TCM.</p>

<p>The directors' statement emphasised the importance of TCM and classic cinema to Zaslav. They expressed their primary goal of safeguarding TCM's programming and ensuring its preservation. The filmmakers shared their positive interactions with Zaslav so far and expressed their commitment to working together to maintain this cherished cultural institution.</p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/new-harry-potter-attraction-in-tokyo-opens-today-605065/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<h2><strong>TCM shakeup is part of a bigger revamp at WBD</strong></h2>

<p>The TCM shakeup coincides with a period of cuts within Warner Bros Discovery's domestic networks team. However, TCM, as a classic film brand deeply tied to Hollywood's creative community, triggered a strong response both publicly and privately. Ryan Reynolds, for example, took to Twitter to voice his concern over the changes, emphasising the significance of TCM in film history.</p>

<h2><strong>Full joint statement by Steven Spielberg, Martin Scorsese, and Paul Thomas Anderson&nbsp;</strong></h2>

<p>Turner Classic Movies has always been more than just a channel. It is truly a precious resource of cinema, open 24 hours a day seven days a week. And while it has never been a financial juggernaut, it has always been a profitable endeavor since its inception. Earlier this week, David Zaslav, the CEO of Warner Bros Discovery, got in touch to talk about the restructuring of TCM. We understand the pressures and realities of a corporation as large as WBD, of which TCM is one moving part. We have each spent time talking to David, separately and together, and it’s clear that TCM and classic cinema are very important to him. Our primary aim is to ensure that TCM’s programming is untouched and protected. We are heartened and encouraged by the conversations we’ve had thus far, and we are committed to working together to ensure the continuation of this cultural touchstone that we all treasure.</p>

<h2><strong>What is TCM?</strong></h2>

<p>TCM is a cable and satellite television network that specialises in airing classic films from a variety of genres and eras. It is known for its extensive library of iconic films, ranging from silent movies and golden-age Hollywood classics to foreign films and independent productions. The network offers viewers a curated selection of films, often accompanied by insightful introductions and commentary by hosts who provide historical context and analysis. TCM is highly regarded by film enthusiasts and cinephiles for its dedication to preserving and celebrating the rich heritage of cinema.</p>

<p><strong>WATCH WION LIVE HERE</strong></p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></p>

<p>You can <strong>now write for wionews.com</strong> and be a part of the community. Share your stories and opinions with us <strong><a href="https://www.wionews.com/content-contribution-registration-form">here</a>.</strong></p>


Steven Spielberg, Martin Scorsese, and Paul Thomas Anderson have issued a joint statement to reassure Turner Classic Movies (TCM) fans amidst the ongoing shakeup that has surprised cinephiles.

Steven Spielberg, Martin Scorsese, and Paul Thomas Anderson have issued a joint statement to reassure Turner Classic Movies (TCM) fans amidst the ongoing shakeup that has surprised cinephiles. In the statement, released on Wednesday, the three renowned filmmakers acknowledged that Warner Bros. Discovery CEO David Zaslav had reached out to them earlier in the week to discuss his plans for restructuring TCM. This restructuring led to the departure of Pola Chagnon, TCM's executive V-P and general manager, along with key members of her team. Michael Ouweleen, president of Adult Swim, Cartoon Network, Discovery Family, and Boomerang, will now oversee TCM. The directors' statement emphasised the importance of TCM and classic cinema to Zaslav. They expressed their primary goal of safeguarding TCM's programming and ensuring its preservation. The filmmakers shared their positive interactions with Zaslav so far and expressed their commitment to working together to maintain this cherished cultural institution. TCM shakeup is part of a bigger revamp at WBD The TCM shakeup coincides with a period of cuts within Warner Bros Discovery's domestic networks team. However, TCM, as a classic film brand deeply tied to Hollywood's creative community, triggered a strong response both publicly and privately. Ryan Reynolds, for example, took to Twitter to voice his concern over the changes, emphasising the significance of TCM in film history. Full joint statement by Steven Spielberg, Martin Scorsese, and Paul Thomas Anderson Turner Classic Movies has always been more than just a channel. It is truly a precious resource of cinema, open 24 hours a day seven days a week. And while it has never been a financial juggernaut, it has always been a profitable endeavor since its inception. Earlier this week, David Zaslav, the CEO of Warner Bros Discovery, got in touch to talk about the restructuring of TCM. We understand the pressures and realities of a corporation as large as WBD, of which TCM is one moving part. We have each spent time talking to David, separately and together, and it’s clear that TCM and classic cinema are very important to him. Our primary aim is to ensure that TCM’s programming is untouched and protected. We are heartened and encouraged by the conversations we’ve had thus far, and we are committed to working together to ensure the continuation of this cultural touchstone that we all treasure. What is TCM? TCM is a cable and satellite television network that specialises in airing classic films from a variety of genres and eras. It is known for its extensive library of iconic films, ranging from silent movies and golden-age Hollywood classics to foreign films and independent productions. The network offers viewers a curated selection of films, often accompanied by insightful introductions and commentary by hosts who provide historical context and analysis. TCM is highly regarded by film enthusiasts and cinephiles for its dedication to preserving and celebrating the rich heritage of cinema. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Steven Spielberg and Martin Scorsese reassure fans amidst TCM Shakeup

<p>In an apparent show of solidarity and respect for the ongoing writers strike, Warner Bros Discovery (WBD) has decided not to have talent appear in-person at their Wednesday upfronts presentation, reported Variety. The move comes as a response to the Writers Guild of America's picket line, which WBD aims to avoid crossing and putting individuals in an uncomfortable position. While talent will not physically attend the upfronts, they will be represented in other ways throughout the show. The event will still cover all aspects of WBD's business operations, demonstrating that the strike has not dampened the company's commitment to showcasing its offerings.</p>

<p>An 'upfront'&nbsp;refers to an annual event where media companies, such as television networks, sell advertising space to advertisers in advance of the upcoming broadcast year.</p>

<p>Also Read:&nbsp;<strong><a href="https://www.wionews.com/entertainment/hollywood/news-explained--hollywood-strike---what-the-writers-want-588409">Explained | Hollywood strike - What the writers want</a></strong></p>

<p>The presentation will feature only executives, including CEO David Zaslav and HBO and Max chief Casey Bloys, who will attend the event in person. An insider told Variety that even before the company finalised its decision to eliminate in-person appearances, some talent had already expressed their reluctance to attend due to the strike.&nbsp;</p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/hollywood-writers-strike-the-fear-of-artificial-intelligence-588615/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>The ongoing WGA (Writers Guild of America) strike is the first in 15 years, with unionised TV and film writers taking to the streets to demand better pay from major studios. The aims of the strike are to secure higher minimum pay, more writers per show, and shorter exclusive contracts, and more.</p>

<p>With Netflix and Amazon Prime Video and other streamers emerging as key players, the film and TV space is suddenly crowded, with every major studio jumping on the bandwagon. The wealth of content has led to an increase in the number of series and films that are annually made, leading to more job opportunities for writers. However, this has come at a cost, with writers claiming they are making less than they used to, while working under more strained conditions.&nbsp;</p>

<p>As such, the WGA is seeking more compensation for writers upfront, since many of the payments writers have historically profited from on the back end, like syndication and international licensing, have been largely phased out by the onset of streaming.</p>

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In an apparent show of solidarity and respect for the ongoing writers strike, Warner Bros Discovery (WBD) has decided not to have talent appear in-person at their Wednesday upfronts presentation, reported Variety.

In an apparent show of solidarity and respect for the ongoing writers strike, Warner Bros Discovery (WBD) has decided not to have talent appear in-person at their Wednesday upfronts presentation, reported Variety. The move comes as a response to the Writers Guild of America's picket line, which WBD aims to avoid crossing and putting individuals in an uncomfortable position. While talent will not physically attend the upfronts, they will be represented in other ways throughout the show. The event will still cover all aspects of WBD's business operations, demonstrating that the strike has not dampened the company's commitment to showcasing its offerings. An 'upfront' refers to an annual event where media companies, such as television networks, sell advertising space to advertisers in advance of the upcoming broadcast year. Also Read: Explained | Hollywood strike - What the writers want The presentation will feature only executives, including CEO David Zaslav and HBO and Max chief Casey Bloys, who will attend the event in person. An insider told Variety that even before the company finalised its decision to eliminate in-person appearances, some talent had already expressed their reluctance to attend due to the strike. The ongoing WGA (Writers Guild of America) strike is the first in 15 years, with unionised TV and film writers taking to the streets to demand better pay from major studios. The aims of the strike are to secure higher minimum pay, more writers per show, and shorter exclusive contracts, and more. With Netflix and Amazon Prime Video and other streamers emerging as key players, the film and TV space is suddenly crowded, with every major studio jumping on the bandwagon. The wealth of content has led to an increase in the number of series and films that are annually made, leading to more job opportunities for writers. However, this has come at a cost, with writers claiming they are making less than they used to, while working under more strained conditions. As such, the WGA is seeking more compensation for writers upfront, since many of the payments writers have historically profited from on the back end, like syndication and international licensing, have been largely phased out by the onset of streaming. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Warner Bros Discovery alters upfronts presentation amid ongoing writers strike

<p>Warner Bros Discovery, the new entity that emerged after Warner Bros and Discovery, Inc merged together, has landed in fresh trouble. As per The Wrap, a lawsuit has alleged that Warner Bros, the home of franchises like DC and 'Harry Potter', cooked the subscriber base of streaming service HBO Max by as much as 10 million in order to mislead shareholders and get a higher rate for the merger. The act violates the Securities Act, the lawsuit added. As per the publication, the lawsuit was filed last Friday in New York by Collinsville Police Pension Board, a shareholder&nbsp;of WBD.</p>

<p>Also Read:&nbsp;<strong><a href="https://www.wionews.com/entertainment/hollywood/news-warner-bros-discovery-ceo-david-zaslav-reveals-10-year-plan-for-dc-films-to-counter-marvel-503952">Warner Bros Discovery CEO David Zaslav reveals 10-year plan for DC films to counter Marvel</a></strong></p>

<p>Warner Bros has been in financial trouble for years, and the merger has not done it any favours, it appears. David Zaslav, the boss of WBD, has been ruthless with cancellations of nearly-completed movies like 'Batgirl' and other in-development projects to take tax write-offs. There was an intense outcry over the decisions. Experts have however said that these decision reduce the trust between the studio and creatives. Earlier, Christopher Nolan, for whom Warner Bros had been a home for nearly more than 17 years, chose to quit after the studio announced in 2021 that it will release every big screen project on both HBO Max and in theatres. Apart from Nolan, many other filmmakers took exception to the decision.</p>

<p>Nolan had also had a rift with WB over the release of his feature 'Tenet'. The film released at a time (late 2020) when most of the cinema halls in the world were closed due to Covid-19 pandemic. While Nolan wanted the film to be released, WB wanted to wait till the theatres reopened. The film was released but was only a moderate success.</p>

<p>Some analysts have said that Warner Bros will merge with NBCUniversal, Comcast's mass media and entertainment subsidiary, but not until 2024 due to the complicated nature of such merger. Disney's Fox acquisition, which was completed in 2019, has proved that in the current entertainment climate, being as big as possible and owing as many IPs as possible, matters. Disney now owns whole of Marvel except Spider-Man (which Sony has the rights to), 'Star Wars', Pixar, 'The Simpsons', 'Pirates of the Caribbean', 'Avatar' and more.&nbsp;</p>

<p>Fans of DC and 'Harry Potter' are worried over the uncertain future of the properties, both of which&nbsp;have been floundering without any clear direction for quite a while. While there have been successes, but nothing like what these franchises enjoyed in 2010s.&nbsp;</p>


Warner Bros Discovery, the new entity that emerged after Warner Bros and Discovery, Inc merged together, has landed in fresh trouble. As per The Wrap, a lawsuit has alleged that Warner Bros, the home of franchises like DC and 'Harry Potter', cooked the subscriber base of streaming service HBO Max by as much as 10 million in order to mislead shareholders and get a higher rate for the merger.

Warner Bros Discovery, the new entity that emerged after Warner Bros and Discovery, Inc merged together, has landed in fresh trouble. As per The Wrap, a lawsuit has alleged that Warner Bros, the home of franchises like DC and 'Harry Potter', cooked the subscriber base of streaming service HBO Max by as much as 10 million in order to mislead shareholders and get a higher rate for the merger. The act violates the Securities Act, the lawsuit added. As per the publication, the lawsuit was filed last Friday in New York by Collinsville Police Pension Board, a shareholder of WBD. Also Read: Warner Bros Discovery CEO David Zaslav reveals 10-year plan for DC films to counter Marvel Warner Bros has been in financial trouble for years, and the merger has not done it any favours, it appears. David Zaslav, the boss of WBD, has been ruthless with cancellations of nearly-completed movies like 'Batgirl' and other in-development projects to take tax write-offs. There was an intense outcry over the decisions. Experts have however said that these decision reduce the trust between the studio and creatives. Earlier, Christopher Nolan, for whom Warner Bros had been a home for nearly more than 17 years, chose to quit after the studio announced in 2021 that it will release every big screen project on both HBO Max and in theatres. Apart from Nolan, many other filmmakers took exception to the decision. Nolan had also had a rift with WB over the release of his feature 'Tenet'. The film released at a time (late 2020) when most of the cinema halls in the world were closed due to Covid-19 pandemic. While Nolan wanted the film to be released, WB wanted to wait till the theatres reopened. The film was released but was only a moderate success. Some analysts have said that Warner Bros will merge with NBCUniversal, Comcast's mass media and entertainment subsidiary, but not until 2024 due to the complicated nature of such merger. Disney's Fox acquisition, which was completed in 2019, has proved that in the current entertainment climate, being as big as possible and owing as many IPs as possible, matters. Disney now owns whole of Marvel except Spider-Man (which Sony has the rights to), 'Star Wars', Pixar, 'The Simpsons', 'Pirates of the Caribbean', 'Avatar' and more. Fans of DC and 'Harry Potter' are worried over the uncertain future of the properties, both of which have been floundering without any clear direction for quite a while. While there have been successes, but nothing like what these franchises enjoyed in 2010s.

Warner Bros cooked HBO Max subscriber numbers to mislead shareholders, says new lawsuit

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