Warner Bros. Discovery reported a $148 million loss in the third quarter, hitting a sour note as the company began fielding interest from would-be buyers as Hollywood braces for a transforming deal.
Earnings for the entertainment company that includes HBO, CNN and the Warner Bros. film and TV studios fell short of analyst expectations. A year ago, the company reported profit of $135 million for the third quarter.
Revenue of $9.05 billion declined 6% from the year-ago period. The company swung to a loss of 6 cents a share, compared to last year’s earnings of 5 cents a share.
Still, Chief Executive David Zaslav spent much of Thursday’s call with analysts touting his company’s underlying strengths — while avoided giving details about the company’s sale.
“It’s fair to say that we have an active process underway,” Zaslav said.
Warner Bros. Discovery on Thursday reiterated it is forging ahead with previously announced plans to split into two separate entities by next spring. However, the Warner board acknowledged last month that it was also entertaining offers for the entire company — or its parts — after David Ellison’s Paramount expressed its interest with formal bids.
Paramount has made three offers, including a $58 billion in cash and stock for all of Warner Bros. Discovery. That bid would pay Warner stockholders $23.50 a share.
The Ellison family appears determined to win one of Hollywood’s most storied entertainment companies to pair with Paramount, which the Ellisons and RedBird Capital Partners acquired in August.
But Warner Bros. Discovery’s board, including Zaslav, voted unanimously to reject Paramount’s offers and instead opened the auction to other bidders, which is expected to lead to the firm changing hands for the third time in a decade.
Board members are betting the company, which has shown flickers of a turnaround, is worth more than the offers on the table. Despite its rocky third-quarter results, Warner’s stock held its ground in early morning trading at around $22.60 a share.
“Overall we are very bullish,” Zaslav said of the company’s business prospects.
“When you look at our films like ‘Superman,’ ‘Weapons’ and ‘One Battle After Another,’ the global reach of HBO Max and the diversity of our network’s offerings, we’ve managed to bring the best, most treasured traditions of Warner Bros. forward into a new era of entertainment and [a] new media landscape,” he said.
But the company’s results underscored its business challenges.
The studio witnessed a major decline in advertising revenue in the third quarter, reporting $1.41 billion, down 16% from the previous year, which executives attributed to declines in the audience for its domestic linear channels, including CNN, TNT and TLC.
Distribution revenue also took a hit, as the company reported sales of $4.7 billion, a decrease of 4% compared to last year.
Studio revenue increased 24% to $3.3 billion, powered by the success of DC Studios’ “Superman,” horror flick “Weapons” and the latest installment of “The Conjuring.” But even those box office wins couldn’t totally offset shortfalls in other areas of its content business.
Last year, the company was able to sub-license its rights to broadcast the Olympics in Europe, which pushed content revenue to $2.72 billion. But this year, revenue was down 3% to $2.65 billion.
Burbank-based Warner Bros. has had a string of success in theaters, with nine films opening at the top spot globally at the box office. The studio recently surpassed $4 billion in worldwide box office revenue, making it the first studio to do so this year. Warner Bros. last achieved that milestone in 2019.
Zaslav would like to continue with Warner’s break-up plans, which were announced last June.
The move would allow him to stay on to manage a smaller Hollywood-focused entity made up of the Warner Bros. studios, HBO, streaming service HBO Max and the company’s vast library, which includes Harry Potter movies and award-winning television shows such as “The Pitt.”
The company’s large portfolio of cable channels, including HGTV, Food Network and Cartoon Network, would become Discovery Global and operate independently.
Beyond Paramount, Philadelphia-based Comcast, Netflix and Amazon have expressed interest in considering buying parts of the company.
The company said its third quarter loss of $148 million was the result of a $1.3 billion expense, including restructuring costs.
Unto every generation, and fraction thereof, a sitcom is born, in which the young people of the moment state their case, self-mockingly. FX recently gave us a State of New York Youth in “Adults,” and here we are now, closer to home with “I Love L.A.,” premiering Sunday on HBO, the network of “Girls” (your guide to the 20-teens), still the most prestigious slot on linear television.
As a native of this fair city, who will never call downtown “DTLA” — let alone #DTLA — I miss the days when the rest of the country wanted nothing to do with us. (Real conversation from my life: Person: “Where are you from?” Me: “Los Angeles.” Person: “I’m sorry”). I can get a little cranky when it comes to the gentrihipsterfication of the city by succeeding hordes of newly minted Angelenos. (The place-name dropping in “I Love L.A.” includes Canyon Coffee, Courage Bagels, Jumbo’s Clown Room, Crossroads School and Erewhon.) I’m just putting my cards on the table here, as I approach characters whose generational concerns are distinct from mine, even as they belong to a venerable screen tradition, that of Making It in Hollywood, which runs back to the silent era. (The heroine of those pictures, stardom escaping her, would invariably return to the small-town boy who loved her. No more!)
Created by and starring Rachel Sennott (“Bottoms”), “I Love L.A.” takes its title from a Randy Newman song written well before Sennott or any of her co-stars were born. (To tell us where we are, as regards both HBO and the location, the series opens with a sex scene in an earthquake.) As in many such shows, there is a coterie of easily distinguishable friends at its center. Sennott plays Maia, turning 27 and in town for two years, working as an assistant to talent/brand manager Alyssa (the wonderful Leighton Meester, from “Gossip Girl,” that 2007 chronicle of youth manners) and hungry for promotion. Back into her life comes Tallulah (Odessa A’zion, the daughter of Pamela Adlon, whose throatiness she has inherited), a New York City It Girl — does any other city have It Girls in 2025? — whose It-ness has lately gone bust, as has Tallulah herself, now broke and rootless. She is one of those exhausting whirlwind personalities one might take to be on drugs, except that there are people who really do run at that speed, without speed — Holly Go-Heavily.
Also starring in the series are Jordan Firstman, left, True Whitaker and Odessa A’zion.
(Kenny Laubbacher / HBO)
Charlie (Jordan Firstman) is a stylist whose career depends on flattery and performative flamboyance. (“What’s the point of being nice,” he wonders, “if no one that can help me sees it?”) Alani (True Whitaker) is the daughter of a successful film director who has presumably paid for her very nice house, with its view of the Silver Lake Reservoir, and whatever she needs. (She has a title at his company even she admits is fake.) Since she wants for nothing, she’s the least stressful presence here, invested in spiritual folderol in a way that isn’t annoying. Attached to the quartet, but not really of it, is Maia’s supportive boyfriend, Dylan (Josh Hutcherson), a grade-school teacher and the only character I came close to identifying with. Do the kids still call them “normies”? Or did they ever, really?
That I find some of these people more trying than charming doesn’t prevent “I Love L.A.” from being a show I actually quite like. (The ratio of charm to annoyance may be flipped for some viewers, of course; different strokes, as we used to say back in the 1900s.) If anything, it’s a testament to Sennott and company having done their jobs well; the production is tight, the dialogue crisp, the photography rich — nothing here seems the least bit accidental. The cast is on point playing people who in real life they may not resemble at all. (My own, surely naive, much contradicted assumption is that all actors are nice.)
Desperation, in comedy, is pathetic but not tragic; indeed, it’s a pillar of the form. Maia, Tallulah and Charlie are to various degrees ruled by a need to be accepted by the successful and famous in the hope of becoming famous and successful themselves. (Alani is already set, and Dylan is almost a hippie, philosophically.) At the same time, the successful and famous come in for the harshest lampooning, including Elijah Wood, in an against-type scene reminiscent of Ricky Gervais’ “Extras.” On the other hand, Charlie’s unexpected friendship with a Christian singer he mistakes for gay is quite sweet; comedy being what it is, one half-expects the character to be taken down. Miraculously, it never happens. You can take that as a recommendation.
Paramount Chairman David Ellison’s latest offer to buy Warner Bros. Discovery contained a twist:
Should Paramount, backed by tech billionaire Larry Ellison, pull off the purchase, Warner Bros. Discovery Chief Executive David Zaslav could stay on to help lead the combined enterprise.
“They’re sweetening the pot,” Paul Hardart, a professor at New York University’s Stern School of Business, said of the Ellison family. “It just shows all the little arrows in their quiver they’re using to try to push this deal.”
David Ellison’ unexpected olive branch to Zaslav was contained in a letter this month to Warner Bros. Discovery’s board that offered $58 billion in cash and stock for the entire company. The move underscores the family’s determination to win the entertainment company that includes HBO, CNN and Warner Bros. film and television studios — and an obstacle in their path.
After hustling for decades to get to the big stage, Zaslav, 65, isn’t ready to relinquish the reins. He’s eager to prove critics wrong and complete a turnaround after three painful years of setbacks and cost cuts to reduce the company’s mountain of debt.
Warner Bros. Discovery board members, including Zaslav, have unanimously voted to reject Paramount’s three bids, viewing them as too low and not in the best interest of shareholders, according to two people close to the company who were not authorized to comment.
The board supports Zaslav’s desire to forge ahead with a planned split of the company next spring. But it also has opened the auction to other potential suitors, which is expected to lead to the firm changing hands for the third time in a decade.
Representatives of Zaslav, Warner Bros. Discovery and Paramount declined to comment.
David Ellison’s audacious offer is being guaranteed by his father, Larry Ellison, the world’s second richest man with a net worth that exceeds $340 billion. The Ellisons’ proposal includes paying 80% cash to Warner shareholders and the rest in stock, according to two people familiar with the matter who weren’t authorized to comment. The most recent offer was $23.50 a share.
The Ellisons began their campaign last month, just weeks after David Ellison’s Skydance Media, along with RedBird Capital Partners, picked up the keys to Paramount, which includes CBS, MTV, Nickelodeon and the Melrose Avenue film studio, which has been depleted by decades of underinvestment.
The proposed addition of the more vibrant Warner Bros. would give the Ellisons an unparalleled entertainment portfolio with DC Comics including Superman, “Top Gun,” Scooby-Doo, Harry Potter, “The Matrix” and “The Gilded Age.”
The family would control streaming services HBO Max and Paramount+, nearly three dozen cable channels, including HGTV, Food Network and TBS, and two legacy news operations — CNN and CBS News.
It would also accelerate the trend of uber billionaires, including Amazon’s Jeff Bezos and SpaceX’s Elon Musk, of owning prominent news, entertainment and social media platforms. Larry Ellison also is part of a U.S.-based consortium lined up by President Trump to buy TikTok from its Chinese owners.
“If a trade deal with China is imminent, and TikTok would be aligned, then it would create a new media colossus, the likes of which we haven’t seen,” said veteran executive Jonathan Miller, chief executive of the investment firm Integrated Media Co.
Paramount is in talks to merge with Warner Bros. Discovery.
(Al Seib / Los Angeles Times; Dania Maxwell / Los Angeles Times)
The drama is unfolding as Paramount on Wednesday slashed 1,000 workers in the first round of cuts since Ellison took over. A second wave of layoffs — affecting another 1,000 workers — is expected in the coming weeks, helping fulfill a promise made to Wall Street by Ellison and Redbird to reduce expenses by more than $2 billion.
Combining with Warner Bros. would bring more layoffs, analysts said, and a potential hollowing out of a historic studio.
“Merger after merger in the media industry has harmed workers, diminished competition and free speech, and wasted hundreds of billions of dollars better invested in organic growth,” the Writers Guild of America West, said last week in a statement in opposition to the proposed unification. “Combining Warner Bros. with Paramount or another major studio or streamer would be a disaster for writers, for consumers, and for competition.”
Critics point to a long list of media merger misfires, including the disastrous AOL Time Warner merger a quarter century ago. Some critics contend Walt Disney Co.’s $71-billion purchase of much of Rupert Murdoch’s entertainment holdings didn’t live up to expectations, and AT&T whiffed its $85-billion deal for Time Warner, handing it to Zaslav’s Discovery four years later for $43 billion.
The New York native, a descendant of Jewish immigrants from Poland and Ukraine, had spent 16 years running the Discovery cable channel group, a respectable business, but one that lacked Hollywood flash.
Zaslav grew up on the fringe of New York City, in Ramapo, N.Y., where he’d been a promising tennis player who proudly wore his athletic gear to middle school. Tennis was his identity — until he started getting beat by players he used to whip.
Zaslav’s coach sat him down, bluntly saying he wasn’t putting in the work.
“I vowed that day I would never be outworked again,” Zaslav said during a 2023 commencement address to Boston University graduates. Underlings have long marveled at his indefatigable work ethic.
The speech was meant to be his triumphant return to his alma mater. Zaslav had finally made it to Hollywood, where he was now holding court in an exquisite corner office that had belonged to studio founder Jack Warner.
Zaslav had big plans to turn around Warner Bros. But, in Boston, he suffered a beatdown.
The Writers Guild of America had just gone on strike against his and other Hollywood studios. Protesters heckled Zaslav. Students booed. A plane flew overhead, waving a banner that read: “David Zaslav Pay Your Writers.”
He had assumed control a year earlier, in April 2022, just as Wall Street soured on media companies that were spending wildly to build streaming services to compete with Netflix.
Zaslav inherited a venture bleeding billions of dollars to get into streaming. The merger itself saddled the company with $55 billion of debt. Warner’s stock plummeted.
He and his team spent the first few years slashing divisions, canceling TV programs and contracts, and shelving movies. To further reduce expenses, the company laid off thousands of workers. Hollywood soon viewed Zaslav with derision.
It didn’t help that Zaslav has long been one of the most handsomely compensated executives in America.
There were high-profile stumbles, including jettisoning staff of the tiny Turner Classic Movies channel and an ill-conceived rebrand of its streamer to “Max” before changing the name back to HBO Max.
“The Warner Bros. Discovery merger was a well-intended failure,” Hardart said. “The cable subscriber base shrank at a faster rate than most people had forecast. … Thousands have lost their jobs, the HBO brand has been reimagined and reimagined, films have been mothballed and the future of the Warner Bros. studio is today uncertain.”
Warner Bros. Discovery paid down $20 billion in debt, but $35 billion remains. The debt load has nearly suffocated the company, making it a vulnerable target.
“There was a lot of fixing that David Zaslav and his team had to do,” Bank of America media analyst Jessica Reif Ehrlich said in a recent interview. “It’s been three years of incredibly heavy lifting — but that’s pretty much done now.”
In a note to investors last week, Ehrlich wrote Warner’s strong franchises, including DC Comics, and its voluminous library make it “an extremely attractive potential acquisition target,” one that could fetch $30 a share. Her firm carries a “buy” rating on the stock.
Warner Bros. Discovery Chief Executive David Zaslav and AT&T Chief Executive John Stankey shake hands on May 17, 2021, in New York City.
(Preston Bradford / Discovery)
Last summer, Zaslav announced plans to split the company in two halves.
Zaslav would run Warner Bros., which would consist of the Burbank studios, HBO and the HBO Max streaming service. Longtime lieutenant Gunnar Wiedenfels would helm Discovery Global, made up of the firm’s international businesses and basic cable channels, which face an uncertain future in the streaming era.
Those who know Zaslav believe he’s working to stave off the Ellison takeover, in part, because he wants the chance to bring the company back to its glory, which would ultimately make it more valuable for its investors and prospective buyers.
For Warner management, that’s part of the rub. The Ellisons showed up just as the company was displaying signs of a turnaround, including a hot streak by Warner Bros. that includes “A Minecraft Movie,” Ryan Coogler’s “Sinners,” James Gunn’s “Superman,” Formula One adventure “F1: The Movie,” and horror flick “Weapons.”
Larry, from left, Megan and David Ellison attend the premiere of Paramount Pictures’ “Terminator Genisys” at Dolby Theatre on June 28, 2015.
(Lester Cohen / WireImage)
Ellison’s bidding was designed to thwart Warner’s planned corporate breakup.
For now, analysts said, Zaslav and the Warner board’s current strategy is solid because they have effectively driven up the stock price, which has doubled to $21 a share since the Ellison’s interest became known in mid-September.
“They are doing the right thing,” Hardart said. “In any sale, you try to beat the bushes and get as many people interested. But at some point the board is going to have to make a decision.”
Added one investor: “They’ve gotten Paramount-Skydance to bid against itself, and that only goes so far.”
Analysts expect Philadelphia giant Comcast, owner of NBCUniversal, and potentially Netflix, Apple or Amazon to take a look at the company’s studio, library and streaming assets.
But many see the Ellison’s Skydance as having the edge.
Paramount, in its recent letter to the Warner board, argued that it was the best and most logical buyer.
“What Skydance offers WBD, in many ways, is what it offered Paramount: The ability to be aggressive and push all aspects of the business in a way that most people or companies that have less capital just can’t do,” Miller said. “They are deploying real capital, and they are being the most aggressive folks in the industry right now.”
Kimberly Hébert Gregory, who was best known as the brash principal in HBO’s “Vice Principals,” has died. She was 52.
A cause of death was not immediately reported.
Gregory’s former husband, Chester Gregory, confirmed her death in an Instagram post.
“You Were Brilliance Embodied, A Black Woman Whose Mind Lit Every Room, Whose Presence Carried Both Fire And Grace,” he wrote. “So Much More Than Ex-Wife, You Were My Friend. Our Son, The Song We Wrote Together, Is The Living Echo Of Your Light.”
Walton Goggins, the “White Lotus” breakout who co-starred with Gregory in “Vice Principals,” the HBO series which premiered in 2016 and lasted for two seasons, was among several performers who paid tribute on social media.
“We lost one of the best yesterday… one of the best I’ve ever worked with,” Goggins wrote in his Instagram post. “I had the honor… the good fortune of getting to know, getting to spend months working with this Queen on Vice Principals.”
Others who remembered Gregory included Kym Whitley, Leslie Odom Jr. and Jason Ritter
Gregory’s character on “Vice Principals,” Dr. Belinda Brown, butted heads with rival high school vice principals Neal Gamby (show co-creator Danny McBride) and Lee Russell (Goggins).
In his review of “Vice Principals,” Los Angeles Times’ Robert Lloyd wrote, “[Gregory’s] character is an invitation to political incorrectness — when told she graduated from Berkeley, Neal responds, ‘I’m pretty affirmative how she got in’ — but that attitude is more a side dish here than an entree; despite their conniving, these characters are lunkheads at worst.”
Her other credits included TV’s “The Chi” and “All Rise.”
In “Task,” premiering Sunday on HBO, Brad Ingelsby, creator of the 2021 miniseries “Mare of Easttown,” which introduced the wider world to Wawa and the Delco accent, returns with another tale of crime and family in the rural-suburban wilds west of Philadelphia. Where women were at the center of “Mare,” men are the subject here — a cop and a criminal, symmetrically arranged — messed-up middle-aged single fathers who care about their kids.
Both have been loaded with tragedy. Robbie (Tom Pelphrey), whose wife took off a year before, has a much-missed dead brother in whose house he’s living with his two kids and young adult niece (Emilia Jones as Maeve, a secret hero); he’s a garbage collector with a sideline in robbing drug houses, which he identifies through their trash. This routine has been successful enough that he and his partner, fellow trashman Cliff (Raúl Castillo), have drawn the attention of the authorities.
FBI agent Tom (Mark Ruffalo) has a dead wife (Mireille Enos, seen briefly in flashback), a son in jail he can’t bring himself to visit and a semi-estranged adult daughter (Phoebe Fox); on leave from field work, he’s been manning the agency table at job fairs. That changes when his boss (Martha Plimpton), much to his displeasure, calls him back as a substitute to lead a task force into the drug house robberies, already assembled by his predecessor from other branches of law enforcement. There’s Lizzie (Alison Oliver), young and distractable; Aleah (Thuso Mbedu), terse and focused; and Anthony (Fabien Frankel), loose and Italian.
It’s clear from the guns that both sides pack, and the fact that Robbie has been stealing from criminals — notably a drug-dealing motorcycle gang, the Dark Hearts, which has its own explosive internal business — that something is going to go fatally wrong sooner or later. (If that’s a spoiler, you are blessed with a special brand of naivete.) The bikers, who are not at all nice, though painted with some recognizably human qualities — represented primarily by Jamie McShane as Perry and Sam Keeley as Jayson — are the usual screen collection of exclusively good-looking men and women, though to be fair, this is true of Tom’s team too — Tom perhaps excepted. (Ruffalo put on weight for the role, and wants you to notice.)
In “Task,” Robbie (Tom Pelphrey) is a single father who steals from other criminals.
(Peter Kramer / HBO)
Indeed, the predominant experience of watching “Task” is waiting for the next terrible thing to happen, which may be called suspense or dramatic tension, but in the event makes for an often depressing watch, especially since the safety (physical, psychological) of young children is involved. (That can feel a little cheap, dramaturgically, like endangering a kitten, but it works.) One is grateful for anything relatively ordinary — Lizzie and Anthony dancing in a bar, Tom’s younger daughter, Emily (Silvia Dionicio) connecting with a co-worker at the custard ice stand. (Another item for the regional reference bucket.)
In the compare-and-contrast structure of the series, we learn that Robbie, though he is a fount of bad decisions, is the more optimistic, proactive of the two characters — he has a dream, in the form of a brochure, regarding a Canadian island, where he would like to spirit his family away. (He’s doing the crime to afford it.) He’s interested enough in finding “a life companion” to open a dating app. Tom, who had been a priest for eight years before losing the spirit and joining the FBI, still in mourning for his wife, drinks too much, is packing a paunch and can’t connect with Emily, the only family member left in the house.
Both have connections to nature. Tom, who grows vegetables, is a birdwatcher; Robbie keeps chickens. Both are essentially tenderhearted, which is perhaps not the most practical quality for their professions, but necessary for the story — we need to like them. They’re like one and a half sides of the same coin.
In among the criminal antics and police work is a lot of talk about life and death and God, guilt and forgiveness. Ingelsby thinks big. The title to one episode, “Out Beyond Ideas of Wrongdoing and Rightdoing There Is a River,” paraphrases the 13th century Persian poet Rumi, and water is a motif — diving into it, swimming in it, hanging around by it. Birds, too, which show up in random shots and, like the lakes and rivers, function as a sort of psychic relief for the viewer and metaphors for the story. When Tom, speaking to Robbie, identifies a certain bird as a “vagrant … a bird that strayed outside its normal range, strayed so far that it’s forgotten how to find its way home,” that is not really about birds. The writing can be a little on the nose, but better a violent story with ideas than one with none.
For all my reservations when it comes to this sort of drama, it’s very well made and very well acted, and, where many crime stories settle for sensational nihilism, “Task” does want to leave you feeling … pretty good. Not horrible. Hopeful. I trust that hasn’t spoiled it for you.
In an age of changing media consumption (and work-from-home) habits, the phrase “watercooler television” may be something of an anachronism. But as anyone following shows like “The White Lotus” can tell you, discussing, dissecting and debating hit series never goes out of style.
And of all networks, HBO knows how best to capitalize on such buzzed-about moments: The network’s “Inside the Episode” programs have long offered viewers the chance to process shocking plot twists and jaw-dropping deaths. That’s where viewers of Season 3 got to hear creator Mike White break down everything from Saxon and Lochlan’s drunken exploits to Chelsea and Rick’s doomed ending.
“Shows like this are the new watercooler moment,” says Emmy nominee Natalia Echeverria, a creative director at HBO and an executive producer of “The White Lotus: Unpacking The Episode.” “We try to anticipate what beats from the episode people will be talking about and then we dive in, giving audiences an inside peek only we can provide.”
Owing a debt to post-episode talk shows like “The Talking Dead” and podcasts like “Private Joke: The Official How I Met Your Mother Podcast” and “The Good Place: The Podcast,” such companion series, now commonplace across platforms, have risen in popularity in the last decade. This year, in fact, they make up the entirety of the short form nonfiction or reality series Emmy category.
Projects like “Making of: The Last of Us” and “Adolescence: The Making of Adolescence” (also nominated) necessarily straddle the line between creative and marketing. They’re meant to bridge the gap between a show and its fandom. But, in borrowing the familiar format of making-of documentaries, DVD bonus featurettes, even episodic reviews or recaps, they insist on a vision of television as an art worthy of discussion and dissection.
“I think of these pieces like the movie theater parking lot after a film,” says Badger Denehy, an Emmy-nominated executive producer of “Making of: The Last Of Us” and an HBO creative director. “They remind me of that moment when you turn to your friend and dive into all the biggest moments you just watched. It’s my favorite type of project because we get to create something for fans as huge fans of the programming ourselves.”
For Shannon Ryan, president of marketing for Disney Entertainment Television and an Emmy nominee for “Only Murders in the Building: Unlocking the Mystery,” the decision to produce the show was driven by a desire to better serve fans of the hit Hulu comedy.
“These short-form series offer fans a peek behind the curtain to hear directly from the talented people that bring the show to life,” she says. “And for our creators, this is a meaningful way to share more with the fans, give insight into their work, share some entertaining — and often hilarious — behind-the-scenes stories, and also spotlight some of the critical crew members that make every episode of the show so special.”
To “The Last of Us” viewers, there was likely no bigger moment this season than “Through the Valley,” the jaw-dropping second episode. Fans looking for insights on how that action-packed tragic set piece was orchestrated had to look no further than “Inside Episode 2,” where director Mark Mylod, co-creator Craig Mazin and star Pedro Pascal spoke about shooting Joel’s untimely and quite gruesome death.
Boasting more than 710,000 views on YouTube alone, that featurette showcased both the artistry behind such a high-octane hour of television (with talk of prosthetics and wintry shooting conditions) and candid reflections from cast members about the emotional fallout the episode would undoubtedly create.
The history of this Emmy category alone tracks the increased investment from streamers and networks in this kind of programming. Past nominees have included behind-the-scenes series tied to everything from “30 Rock” and “American Horror Story” to “RuPaul’s Drag Race” and “Pose.” And the last two winners (“Succession: Controlling the Narrative” and “Shōgun — The Making of Shōgun”) prove that the industry is similarly invested in (and impressed with) them, in turn.
John Wilhelmy, Emmy-nominated creative director of “Hacks: Bit by Bit,” notes that short-form projects now must be produced so they can exist across different platforms. “Certain stories within the conversation lend themselves well to TikTok and [Instagram] Reels, so we’ll pick those out and optimize them editorially,” he says. “They’re often funny outtakes or quick stories that we’ll post on those platforms alongside the full-length episodes hitting HBO Max and YouTube.”
In an era where fan-driven episode recaps, YouTube reaction videos and TikTok explainers contribute greatly to a show’s success in an increasingly fractured media ecosystem, these projects suggest a way to positively harness that engagement in a way that still puts TV creators front and center.
Echeverria puts it more simply: “Fan-made content has a huge place, but there’s nothing like seeing how the sauce is made from the chefs themselves.”
Warner Bros. Discovery on Monday unveiled the names of the proposed separate entities, post-breakup: Warner Bros. and Discovery Global.
When the corporate spin-off is complete some time next year, the venerable Burbank film and television studio properties, HBO, HBO Max streaming service and gaming properties will be part of a slimmed-down iteration called Warner Bros.
The cable networks, including TNT, CNN, HGTV and Animal Planet, and sports app Bleacher Report, will make up Discovery Global.
“We will proudly continue the more than century-long legacy of Warner Bros. through our commitment to bringing culture-defining stories, characters and entertainment to audiences around the world,” Warner Bros. Discovery Chief Executive David Zaslav said in a statement.
Zaslav, the longtime Discovery executive, is jumping to the Warner Bros. side, while his lieutenant, Chief Financial Officer Gunnar Wiedenfels, will lead Discovery Global.
The proposed corporate split is a recognition that the merger that created Warner Bros. Discovery three years ago was a misfire that eroded the value of some of the industry’s most premium brands. Zaslav championed the merger as a way to roll up several companies into one.
At the time, WarnerMedia — with its studios, HBO and Turner networks — was owned by AT&T, which was desperate to exit Hollywood after losing billions of dollars on acquisitions.
But Wall Street quickly soured on the consolidation that married nearly two dozen basic cable channels, including HGTV and Food Network, with the prestige properties of HBO and the Warner Bros. studios in Burbank.
AT&T’s sale to Discovery left Zaslav’s company struggling to tame more than $40 billion in debt. Investors also have a dim view of cable channels as the shift to streaming prompted a huge migration of viewers.
Senior executives joining Zaslav at Warner Bros. include: HBO Chairman Casey Bloys; Warner Bros. TV Group Chairman Channing Dungey; the film co-chairs Pam Abdy and Mike De Luca; DC Studios leaders James Gunn and Peter Safran, Streaming and Gaming Chief Executive JB Perrette; Chief Operating Officer Bruce Campbell and Chief Communications Officer Robert Gibbs.
Discovery Global will include CNN Chairman Mark Thompson; TNT Sports Chairman Luis Silberwasser; international operations head Gerhard Zeiler; U.S. Ad Sales President Ryan Gould; and Chief Development Officer Anil Jhingan.
“As we prepare for the launch of Discovery Global, our enthusiasm for the opportunities ahead only grows thanks to our leading portfolio of beloved brands and programming, our worldwide footprint for adults, kids, and families, and now the experienced and talented leadership team,” Wiedenfels said.
Warner Bros. has started a search for a CFO as well as a chief people officer. Wiedenfels plans to hire a top communications and public affairs officer.
Billy Joel reassured fans about his health on Monday.
The 76-year-old musician had previously canceled all of his scheduled concerts after announcing in May that he was diagnosed with normal pressure hydrocephalus (NPH). NPH occurs when excess cerebrospinal fluid accumulates in the brain’s ventricles, with patients experiencing cognitive decline, difficulty walking and urinary incontinence, according to the Alzheimer’s Assn.
Joel’s recent concert performances worsened his symptoms, leading to hearing, vision and balance problems, he shared in a May 23 statement. While on Bill Maher’s podcast, “Club Random,” the “Piano Man” crooner said he often feels like he’s on a boat, but otherwise, he’s doing just fine.
“I feel good,” Joel said, seated at a piano. “They keep referring to what I have as a brain disorder so it sounds a lot worse than what I’m feeling.”
Joel noted that the condition is idiopathic, meaning no one knows the cause.
“I thought it must be from drinking,” he said, adding that he doesn’t drink anymore. “I used to, like a fish.”
Joel finished his decade-long residency at Madison Square Garden in July 2024 after 104 monthly shows at the venue. His now-canceled tour included dates across the U.S. and performances with Stevie Nicks, Rod Stewart and Sting.
The first installment of Joel’s documentary, “Billy Joel: And So It Goes,” premiered Friday on HBO. The two-part series takes a deep dive into the pianist’s journey from a bullied kid in Long Island to a legendary hitmaker, and features appearances from Paul McCartney, Bruce Springsteen, Pink and Sting.
Part 1 “is notable in how it reframes the narrative around his relationship with his former wife and manager Elizabeth Weber, explaining how she was instrumental in guiding his career and helping him become a superstar — and how songs like ‘Big Shot’ and ‘Stiletto’ were inspired by the rocky times in their marriage,” wrote Times television editor Maira Garcia. “It’s a compelling and nuanced portrait of an imperfect person who created timeless music and whose influence continues to reverberate.”
Part 2 of “And So It Goes” premieres Friday on HBO and HBO Max.
The countdown is almost over: The 2025 Emmy nominations will be announced this morning.
Harvey Guillén, the actor who played the sole human roommate in a vampire household on FX’s “What We Do in the Shadows” for six seasons, and Netflix’s “Running Point” star and real-life knowledgeable sports fan Brenda Song will be on hand to make the announcement live from the Television Academy’s Wolf Theatre along with academy chair Cris Abrego. The nominations will be streamed live starting at 8:30 a.m. PT on the Television Academy website and social media channels.
As a teaser, the nominations for talk series and reality competition program were announced at 4:47 a.m. PT live on “CBS Mornings.”
The 77th Emmy Awards will be held on Sept. 14 at 5 p.m. The live telecast will air on CBS and stream on Paramount+. The Creative Arts Emmy Awards, which honors the artistic and technical achievements as well as some performance categories, will be held on Sept. 6 and 7, then edited to air Sept. 13 on FXX.
Talk series
“The Daily Show” “Jimmy Kimmel Live!” “The Late Show With Stephen Colbert”
Reality competition program
“The Amazing Race” “RuPaul’s Drag Race” “Survivor” “Top Chef” “The Traitors”
File this as prett-ay, prett-ay, prett-ay good news: Larry David is returning to TV with a new six-episode sketch comedy about American history, produced the Obamas’ by Higher Ground.
He will be writing the HBO series alongside Jeff Schaffer, who was a showrunner, executive producer and director on “Curb Your Enthusiasm.” David will star in the series, which will feature some actors from “Curb” as well as noteworthy guest stars.
Schaffer and David will both executive produce, with Schaffer taking the lead on directing. Barack and Michelle Obama will be executive producing the limited series for their banner Higher Ground Productions alongside Vinnie Malhotra and Ethan Lewis.
HBO’s official logline reads, “President and Mrs. Obama wanted to honor America’s 250th anniversary and celebrate the unique history of our nation on this special occasion.
…But then Larry David called.”
“Once ‘Curb’ ended, I celebrated with a three-day foam party,” David said in a press release. “After a violent allergic reaction to the suds, I yearned to return to my simple life as a beekeeper, harvesting organic honey from the wildflowers in my meadow. Alas, one day my bees mysteriously vanished. And so, it is with a heavy heart that I return to television, hoping to ease the loss of my beloved hive.”
Obama added, “I’ve sat across the table from some of the world’s most difficult leaders and wrestled with some of our most intractable problems. Nothing has prepared me for working with Larry David.”
The beloved and critically acclaimed “Curb Your Enthusiasm” aired for a total of 12 seasons from 2000 to 2024.
“The characters Larry is playing didn’t change history. In fact, they were largely ignored by history. And that’s a good thing,” Schaffer said.
David and Schaffer have also worked together on “Seinfeld” and the TV movie “Clear History,” which starred David. Schaffer is also known for his work as the co-creator of “The League” and “Dave” at FX. And David is no stranger to sketch TV comedy — he was a writer and performer on ABC’s early ‘80s late-night series “Fridays.”
Warner Bros. Discovery renamed its streaming service HBO Max on Wednesday, formally reversing its decision from two years ago to dump the prestigious HBO brand in a bid to make the service more appealing to a mainstream, meat-and-potatoes crowd.
The gambit to chase Netflix with a service called Max didn’t work. Warner Bros. Discovery’s leaders eventually recognized the tremendous value in the HBO name, and sheepishly brought it back for an encore.
“The good news is I have a drawer full of stationary from the last time around,” HBO Chairman Casey Bloys said in May, making light of Warner Bros. Discovery’s about-face during the company’s annual programming upfront presentation to advertisers at Madison Square Garden in New York.
The move marks the fifth name for the service in 15 years.
HBO’s first digital offering, introduced in 2010, was called HBO Go. Eventually the company added an HBO Now app. Then, in 2020, when the company launched its comprehensive streaming service with Warner Bros. movies and television shows, executives decided the HBO Max name would play to the company’s strengths while beckoning customers with a souped-up product and moniker to match.
That lasted until Chief Executive David Zaslav stepped in. The company truncated the name to Max because Zaslav and other executives felt the need to create some distance from HBO’s signature shows to make room for the nonscripted fare of Discovery’s channels, including HGTV and Food Network.
Now it’s back to HBO Max.
The company has said the shift was a response to audiences’ desire for quality over quantity.
“No consumer today is saying they want more content, but most consumers are saying they want better content,” the company said in May.
The change also represents a recognition that Warner Bros. Discovery, a medium-sized media company with a huge debt burden, couldn’t compete with Netflix, which tries to offer something for everyone.
And while some of the Max-branded shows, including “The Pitt,” are critically acclaimed, it was the HBO fare, including “The White Lotus,” that has been the most consistent draw for subscribers.
HBO built its legacy as a premium cable channel that required an additional fee on the monthly cable bill. Such groundbreaking series as “The Sopranos,” “Game of Thrones” and “Sex and the City” put the channel at the vanguard of prestige programming.
Most subscribers who currently have Max won’t need to download a new app, company insiders said.
An app update will eventually change the blue Max logo to a black HBO Max one.
Staff writer Stephen Battaglio contributed to this report.
Druckmann, the co-creator of the hit HBO series and writer of the game on which it is based, announced Wednesday that he would be stepping away from the show ahead of its third season. Season 2 of “The Last of Us” concluded in May.
“I’ve made the difficult decision to step away from my creative involvement in The Last of Us on HBO,” Druckmann said in a statement posted on Naughty Dog’s Instagram account. “With work completed on season 2 and before any meaningful work starts on season 3, now is the right time for me to transition my complete focus to Naughty Dog and its future projects, including writing and directing our exciting next game, Intergalactic: The Heretic Prophet, along with my responsibilities as Studio Head and Head of Creative.
“Co-creating the show has been a career highlight,” the statement continued. “It’s been an honor to work alongside Craig Mazin to executive produce, direct and write on the last two seasons. I’m deeply thankful for the thoughtful approach and dedication the talented cast and crew took to adapting The Last of Us Part I and the continued adaptation of The Last of Us Part II.”
Druckmann was a key creative behind the acclaimed 2013 video game “The Last of Us.” The story of a man and a girl crossing a postapocalyptic landscape had been something on his mind for years before he joined the video game studio Naughty Dog, which he now leads. Set in a world ravaged by a fungal pandemic that turns human hosts into zombie-like creatures, “The Last of Us” showed that a big-budget violent action shooter could be a canvas for complex themes and storylines.
The television series, which premiered in 2023, was co-created by Druckmann and Mazin, an Emmy Award winner for HBO’s limited series “Chernobyl.” Starring Pedro Pascal and Bella Ramsey as Joel and Ellie, respectively, the first season was embraced by critics and audiences alike and went on to win eight Emmys (out of 24 total nominations). The show’s second season, which adapts the story from the follow-up 2020 video game, “The Last of Us Part II,” aired earlier this year. “The Last of Us” Season 3 will continue the story from “Part II,” from the perspective of Kaitlyn Dever’s Abby.
Naughty Dog’s next game, “Intergalactic: The Heretic Prophet,” in development now for the PlayStation 5, will star Tati Gabrielle (who portrayed Nora in “The Last of Us” Season 2) as Jordan A. Mun, an interplanetary bounty hunter stranded on a mysterious remote planet. Most of its details — including a release date — have yet to be revealed.
The Ankler first reported the news of Druckmann’s exit.
