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No NBA deal yet for Warner Bros. Discovery, but David Zaslav is 'hopeful'

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No NBA deal yet for Warner Bros. Discovery, but David Zaslav is 'hopeful'

The shot clock is ticking down on Warner Bros. Discovery in its effort to land a new media rights deal for the NBA.

Warner Bros. Discovery Chief Executive David Zaslav said Thursday the company continues negotiating with the league to retain its package of NBA contests, a marquee attraction for its TNT cable channel, but offered no clue on where the discussions would end up.

“We’re hopeful that we’ll be able to reach an agreement that makes sense for both sides,” Zaslav told Wall Street analysts on the company’s first-quarter earnings call. “We have had a lot of time to prepare for this negotiation and we have strategies in place for various potential outcomes.”

Zaslav added that the company has the rights to match offers from other companies. But the executive took no questions about what could be a game-changing deal.

Comcast reportedly has a $2.5-billion offer in with the NBA for a package of games to air on its Peacock streaming service and its broadcast network NBC. Amazon’s Prime Video is said to have a deal for exclusive NBA games as well, adding to the streaming service’s growing portfolio of sports properties.

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With Disney’s package for ESPN and ABC expected to remain in place, the focus has been on whether anything will be left on the table for Warner Bros. Discovery. There has been speculation that the company could end up with fewer games under a new arrangement that takes effect after the 2024-25 season.

Losing the package would bring long-term ramifications for Warner Bros. Discovery’s carriage arrangements with cable and satellite operators, who pay fees to carry its channels. The company would have to negotiate
its next round of deals for TNT and other channels without offering the NBA, at a time when such talks are increasingly contentious.

Despite strong continued growth for its direct-to-consumer streaming business, the first-quarter earnings picture for Warner Bros. Discovery was mixed. The company missed Wall Street’s expectations on revenue, which declined year-to-year by 7% to $9.96 billion. Analysts expected $10.2 billion.

The company posted a net loss of 40 cents a share, compared to 24 cents a year ago.

The direct-to-consumer business added 2 million subscribers in the third quarter. Streaming ad revenue grew 70%.

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Sales for its linear TV networks, which include TNT, CNN and Discovery, fell 8% to $5.13 billion. Soft demand for TV commercials pushed ad revenue down by 11%.

The company’s studio division saw a 13% year-to-year drop in revenue to $2.82 billion. Zaslav cited the delay in the movie pipeline due to last year’s work stoppages by writers and actors. The unit was also hurt by the poor box office performance of “Suicide Squad.”

Zaslav said the company is dedicated to improving the studio’s performance by taking advantage of its existing film franchises such as “Harry Potter.” He said the studio has begun script development on a new “Lord of the Rings” film, produced by Peter Jackson.

Warner Bros. Discovery announced Wednesday that will offer consumers its Max streaming service in a bundle with Disney’s Hulu and Disney+. The package will be available in the U.S. starting this summer and can be purchased through any of the three streaming platforms’ websites.

Zaslav said the new offering will increase retention of subscribers. Pricing has not been disclosed.

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Warner Bros. Discovery’s stock traded slightly higher Thursday morning at $8.02 a share.

Entertainment

After Amazon drops OpenAI movie ‘Artificial,’ film finds new home at Neon

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After Amazon drops OpenAI movie ‘Artificial,’ film finds new home at Neon

A Hollywood portrayal of OpenAI Chief Executive Sam Altman portrayed by actor Andrew Garfield will be released later this year, after Amazon MGM Studios dropped the movie.

“Artificial,” which chronicles Altman‘s 2023 ouster from OpenAI and his reinstatement as CEO, was acquired by Neon, the studio announced Tuesday.

“The acquisition underscores Neon’s commitment to partnering with visionary filmmakers, and bringing ambitious cinema to audiences around the world,” the studio said in a statement. “Artificial will compete in this year’s Oscar race.”

The film has a critical take on artificial intelligence, according to three sources briefed on it who declined to be named. That portrayal caused Amazon to want to distance itself from the film, given the company’s $50 billion investment in OpenAI, two of the sources said.

Amazon declined to comment on the claims. In a statement, the company said it has “the utmost respect and admiration” for the movie’s director Luca Guadagnino. “We believe that ‘Artificial’ will be better served if it were released by a different studio and are working closely with the filmmaking team to find the film a new home,” Amazon said.

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The deal was negotiated by Neon, CAA Media Finance and Amazon. CAA and Amazon declined to comment. A Neon spokesperson did not immediately respond to questions regarding the financial terms of the deal.

Puck News first reported Amazon dropping the movie.

Other studios, including Netflix, A24 and Focus Features, screened “Artificial.” Netflix and Focus passed on the film.

Amazon’s decision to drop the film comes at a time when Hollywood is grappling with the growth of artificial intelligence. Some creatives are concerned that the technology could displace jobs; others worry that their likenesses are being used to train AI models without their permission or compensation.

Meanwhile, many AI companies are eager to work with studios, saying their AI tools can help speed processes and reduce costs.

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To foster more nuanced discussions about artificial intelligence, Google is collaborating with talent management firm Range Media Partners to develop films that present a less dystopian view of the technology.

Amazon passing on the film raises questions about whether tech company-backed studios would be willing to release movies that are critical of innovations in which they have a stake. It could create a chilling effect, said Robert Thompson, director of Syracuse University’s Bleier Center for Television and Popular Culture.

“The chilling effect could not only be on films critical of AI, they could be on films critical of all kinds of things that these companies have their tentacles in,” Thompson said.

Stories about tech company founders can be attractive to audiences, most notably with the 2010 film “The Social Network” about the founding of Facebook. That film earned $225 million worldwide at the box office, according to Paul Dergarabedian, head of marketplace trends at Rentrak. “The Social Network” came out a time when many people were talking about Facebook and had big talent behind it, including director David Fincher, Dergarabedian said.

“Neon is a perfect custodian for this film, and they will shepherd it to the big screen, I think very effectively,” he said. “They’re very filmmaker-centric … I think they found the perfect home with Neon.”

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“Artificial” features major talent, with actor Monica Barbaro portraying former OpenAI Chief Technology Officer Mira Murati, and Ike Barinholtz as Elon Musk. Other actors include Jason Schwartzman and Billie Lourd.

Director Guadagnino has worked on films including “Challengers” and “Call Me By Your Name.”

Staff writer Samantha Masunaga contributed to this report.

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Young Washington (Christian Movie Review) – The Collision

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Young Washington (Christian Movie Review) – The Collision

About the Film 

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On the Surface

For Consideration

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Beneath The Surface

Engage The Film

The Makings of a Leader

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  • Daniel holds a PhD in “Christianity and the Arts” from The Southern Baptist Theological Seminary. He is the author/co-author of multiple books and he speaks in churches and schools across the country on the topics of Christian worldview, apologetics, creative writing, and the Arts.

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’47 Ronin’ director Carl Erik Rinsch sentenced to 30 months in prison for Netflix fraud case

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’47 Ronin’ director Carl Erik Rinsch sentenced to 30 months in prison for Netflix fraud case

Carl Erik Rinsch, the director of the 2013 Keanu Reeves action film “47 Ronin,” will serve more than two years in federal prison for defrauding Netflix of $11 million.

U.S. District Judge Jed S. Rakoff on Monday sentenced 48-year-old Rinsch to 30 months in prison, the U.S. Attorney’s Office, Southern District of New York, announced. Federal prosecutors convicted Rinsch in December of wire fraud, money laundering and other counts. A legal representative for Rinsch did not immediately respond to a request for comment on Tuesday.

Federal prosecutors indicted Rinsch in March 2025, alleging the $11 million went into Rinsch’s personal accounts. The filmmaker “quickly transferred” the money from the Rinsch Co. account, where it had been deposited March 6, 2020, by Netflix, through additional accounts until about $10.5 million wound up weeks later in a personal brokerage account. He lost more than half of that money in less than two months via risky investments in the stock market, the indictment said.

Though Rinsch told the streamer that his sci-fi show “White Horse” was progressing nicely, the filmmaker allegedly moved the remaining money into cryptocurrency and profited from crypto speculation over the next couple of years. The streamer had invested around $44 million in the show. Rinsch was accused of spending around $10 million on five Rolls-Royces, a Ferrari, watches, clothing, luxury bedding and linens, credit card bills, attorneys to sue Netflix for more money, and lawyers to work on his divorce.

He was arrested in West Hollywood and released the same day after agreeing to post a $100,000 bond to guarantee his appearance in a New York federal court.

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Rinsch never finished the Netflix show.

During his sentencing, Rinsch and his legal team told the court his behavior was a result of mental health struggles and medication problems and they are working to address those issues with a new care provider, the Associated Press reported.

“I failed to recognize the danger of the state I was in,” Rinsch said, though his mental issues were not described in court, and his attorneys declined to provide further detail.

Ahead of the sentencing, Reeves — the star of Rinsch’s most notable project to date — penned a letter in May requesting “leniency and mercy as well as justice” in the filmmaker’s sentencing.

In addition to prison time, Rinsch must serve three years of supervised release, forfeit the $11 million and pay $700 in mandatory special assessments, according to Monday’s announcement. U.S. Attorney Jay Clayton said in the announcement: “Today’s sentence sends a deterrent message: fraud will not be tolerated.”

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The Associated Press and former Times assistant editor Christie D’Zurilla contributed to this report.

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