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Warner Music Group will lay off approximately 750 employees, accounting for 13% of the total workforce
On September 20th, Warner Music Group announced that it will lay off approximately 750 employees, accounting for 13% of its total workforce. This layoff is part of its restructuring plan. -
Due to the decline in cable TV business, S&P has downgraded Warner Bros. Exploration's rating outlook to "negative"
On August 16th, S&P downgraded Warner Bros. Exploration's rating outlook from "stable" to "negative", citing a decline in the media company's cable television business and the possibility of losing b ... -
The value of traditional media has greatly decreased! Warner Bros. explores massive $9.1 billion reduction in its television network
After traditional media and entertainment giant Warner Bros. Discovery announced its second quarter results, the company's already weak stock price this year has once again been under heavy selling p ... -
Warner Bros. reportedly hopes to avoid a spin off by selling assets on a smaller scale
On August 6th, according to informed sources, Warner Bros. is exploring the possibility of avoiding a company spin off through a smaller scale asset sale. (Financial Times) -
Warner Music will lay off 10% of its workforce
According to a document submitted by Warner Music on February 7th local time, Warner Music will lay off 600 employees, accounting for approximately 10% of its total workforce. Warner Music stated tha ... -
Warner Music's revenue for the first quarter of 2024 was $1.748 billion, a year-on-year increase of 17%
On February 7th local time, Warner Music released its Q1 2024 financial report as of December 31st, 2023, showing a revenue of $1.748 billion, a year-on-year increase of 17%. Among them, the revenue ... -
Warner Bros. Exploration and Paramount Global Negotiations for Merger
Warner Bros. Exploration and Paramount Global are reportedly negotiating a merger. On December 20th, sources revealed that Warner Bros. Exploration and Paramount Global are in early negotiations on t ...