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Warner Bros. Discovery's stock plunges after disappointing movie performances of 'The Color Purple' and 'Aquaman' lead to sinking earnings. The media conglomerate reports a bigger-than-expected quarterly loss due to weak advertising market and Hollywood strikes. Despite a full-year profit from streaming, a $400M Q4 net loss causes a nearly 10% stock drop. The company misses revenue forecast but streaming business turns profitable in 2023. Warner Bros. Discovery halts merger talks with Paramount Global after several months of negotiations.
Warner Bros. Discovery is no longer pursuing an acquisition of Paramount Global, CNBC reported on Tuesday. Meanwhile, Skydance is still performing its due diligence on a potential merger with Paramount — or perhaps an acquisition of its parent company. https://t.co/rJEmwwsyNn https://t.co/azW3W2xBrB
Warner Bros. Discovery is no longer pursuing an acquisition of Paramount Global. Meanwhile, Skydance is still performing its due diligence on a potential merger with Paramount — or perhaps an acquisition of its parent company. https://t.co/yWFoVA66O1 https://t.co/MRhf1tpxsl
melting ice cubes Warner Bros. Discovery halts merger talks with Paramount Global, sources say https://t.co/2Tap5ONct8