U.S. defence company Northrop Grumman expects continued growth in Europe even if the Russian war in Ukraine is halted, as nations aim to replenish weapons stockpiles depleted during the conflict, the ... ...

The EU wants the US to reduce tariffs on the bloc’s exports of weapons below the 15% tariff ceiling agreed for many of its goods https://t.co/qqagkibKor ...

Core Insights - Studios revenue increased by 24% year-over-year, driven by the box-office success of films such as Superman and Weapons [1] Revenue Performance - The significant growth in studios revenue can be attributed to successful film releases, indicating a strong performance in the entertainment sector [1] - The box-office success of key films has played a crucial role in this revenue increase, highlighting the importance of blockbuster releases in driving financial results [1]

Core Insights - Warner Bros. Discovery (WBD) experienced a mixed third quarter, with significant hits in film but declining advertising revenue, reinforcing the rationale for a potential sale or split of its business segments [1][5]. Financial Performance - Consolidated revenue decreased by 16% to $1.4 billion, missing Wall Street expectations, and the company reported a net loss of $148 million. Adjusted earnings rose by 2% to $2.5 billion, with $1.3 billion in restructuring expenses and one-time charges [1]. - Advertising revenue fell by 16% to $1.4 billion, impacted by tough comparisons with the previous year due to the Summer Olympic Games and a decline in domestic pay TV subscribers [3]. Theatrical and Streaming Performance - Theatrical revenue surged by 74%, contributing to a 23% increase in studio revenue to $3.3 billion. Notable film performances included DC's Superman grossing $615 million, Weapons exceeding $267 million, and The Conjuring: Last Rites surpassing $490 million [2]. - HBO Max added 2.3 million subscribers, reaching a total of 128 million, with streaming revenue remaining flat at $2.6 billion and profit increasing by 19% to $345 million [4]. Strategic Moves - WBD announced plans to split its businesses but has also received multiple bids for acquisition, including a recent offer of $23.50 from David Ellison, the new owner of Paramount. The company is exploring offers for both the entire business and its individual segments [5][6]. - The company aims to finalize any potential transactions by year-end; if unsuccessful, it plans to proceed with the split of its studio and streaming operations from linear television by mid-2026 [6].

Baltic and Nordic nations are working together to provide Ukraine with financing to buy US weapons https://t.co/NbH17fYapR ...

Ukraine is negotiating with donors to fund another US weapons shipment, despite some allies hesitating, Zelenskiy said https://t.co/jP7zRaQxRS ...

Box Office Performance - "Weapons" dominated the box office for the second weekend [1] - The report compares "Weapons" to other horror hits [1]

Box Office Performance - "Weapons" dominated the box office for the second weekend [1] - The report compares "Weapons" to other horror hits [1]

‘Weapons’ Has An Audience Score On Par With ‘Get Out,’ ‘Silence Of The Lambs’ https://t.co/JAvopRdHdY https://t.co/JAvopRdHdY ...

Audience Reception - The movie "Weapons" has an audience score comparable to "Get Out" and "Silence Of The Lambs" [1]