the hollywood studio warner brothers is here this yearfor studio warner brothers is here this year for here this yearfor the indiana jones studio warner brothers is here this year for the indiana jones sequel, it is a combination of high and low, or the content on display. the big question will be if people get to see these films given what is going on in the movie business. it is an inspiring and vibrant event. what inspiring and vibrant event. what should we be _ inspiring and vibrant event. what should we be looking _ inspiring and vibrant event. w�*ué�*ii should we be looking for? am inspiring and vibrant event. “iii"iegt should we be looking for? am i right in saying johnny depp“s new film is one of the opening night movies? that is right, here i am, i got out of bed to put this on to go to a press screening ofjohnny depp“s new film. it is set in the 18th century, he plays the french king louis xv, the film is directed by the franco algerian actor and film—maker, and she plays opposite him. she is a working—class woman who gets herself into the courts, they have a love affair and

but when you look at warner brothers, they're very early in the regenerative process here.ly mangled as far as the management for a lot of years under at&t and warner brothers, a , they h had an awful period of box office this year, you have the harry potter video game that is done extraordinarily well you're getting much more rapid progress at hbo and the new service catching on the 23rd, albeit largely at cost control right now. this company is extremely cash generative, unlike netflix and some other streaming companies really, this is -- you certainly want to have a lot of creativity certainly the animation business has a lot of potential so this is a great risk/reward here i think some really good growth plans in place have been somewhat masked by the very necessary effort to get costs over last year >> yeah. it would explain a couple of reasons there with cash flow, why they're cutting. up 3% today. we'll leave it there thank you all so much today. >>> so remember, berkshire has a 14% stake in paramount last month, warren buffett sounded cautious, saying we'll see what

. >>> plus earnings from warner brothers discovery is set to hit the wires. we also have live coverage from the berkshire hathaway annual meeting. we'll speak to the ceo of berkshire's pilot company and susan decker that's call coming up as the second hour of "squawk box" begins right now. >>> good morning and welcome back to "squawk box" right here on cnbc. i'm andrew ross sorkin along with becky quick who's in omaha, nebraska, with a big weekend ahead, coming to us from the woodstock of capitalism. also joe kernen right here u.s. equity futures may move around because it's jobs friday. we'll get the jobs number at 8:30 a.m. eastern time the dow up 34 points and the nasdaq up 77 points. we'll see where that all lands at 8:30. 10-year note at 3.407. we've been talking about energy and the energy complex we'll show you oil, wti crude will cost you $70.45 becky? >>> thank you, andrew. we've got some earnings headlines for you this morning as well. apple shares higher in the premarket trading after beating quarterly revenue estimates after results for is flagshi

warner brothers and paramount have taken this tact of we're going to make wholesale deals.f disney does that >> let me just throw this out there, alex. what if bob iger says streaming takes a lot of money, it's not worth it netflix has a great product. let's just license to them, we'll make a boat load of money and we won't worry about the losses is that a pipe dream in >> it would have to be a mix of the two. i think the ship has left the dock, if that's the right metaphor again, there's 160 million plus disney subscribers hulu and espn plus exists. there needs to be a transition from traditional cable to something, and streaming is the something. >> could youtube tv be that something? you almost wonder if they move to this model where we're not going to offer you cable product. and youtube becomes the new bundle they can deal with the drama >> sure. but the new version of youtube tv will be a bundle of streaming services so the streaming service would still exist but packaged differently with other streaming services and maybe that's the next leg of growth for streaming.

warner brothers discovery, walt disney are down 10% since the start of the month, warner brothers discoveryr brothers down 8%, amazon is up 13%, but they got a whole different business. >> amazon we're the least of their problems. liz: paramount down 34% and comcast which of course owns universal down 1.25%. what do you need to have happen for the studios to say all right , we're ready. >> we're already making -- they thought we'll be able to shoot what we have in the bank and we're disrupting shooting because of the teamsters. if we get there ahead of them on call they won't cross our line. that's never happened before. liz: i want to quickly touch on ai. that's anthropology issue. you guys are terrified scripts will start to be written by ai. we've already started to see people talk about it. i mean the russeau brothers who did avengers actually said they are excited about the prospects of this. you guys are not. >> no. i think first of all, it's basically plagerism. just taking what we've all written, chopping them into a thousand pieces so it's plagerism but also you'll end up with tv a

but more importantly, perhaps, she used to be an executive at warner brothers. so she's very close connections to hollywood, and i think maybe it's part of her influence that we're seeing not only these big hollywood stars of walk through a carpet here, but them really getting honored with can stop price. and that's gone. german filmmaker vin vendor is presenting to new feature films this year. what are they and those base double his chances of winning? yes, not interested in the i just saw mr. vin vendors, uh earlier the today uh, coming out of the mens toilet at uh, one of the swanky beach resorts. uh that line uh, the ocean here in can and that's kind of significant because one of his films called perfect days is set in a man's toilet in japan and it follows a toilet cleaner who goes through and planes these incredibly swanky, a high end public toilets and in japan now supposedly a metaphysical look at life through the eyes of, of this pilot later on. that's what they'll be has the other film is called. and so i'm, and it's a 3 d documentary now, 2 very diffe

warner brothers discovery president was delivering the commencement address at boston university. when the graduates began yelling over his speech telling him to pay his writers. >> if you want to be successful, you're going to have to figure out how to get along with everyone. that includes difficult people. >> they're telling him to pay his writers. warner brothers is one of the biggest film studios at the writer's guild of america as they try to negotiate a new contract. they've been on strike for three weeks now and the show productions have been affected. releasing a statement to the hollywood reporters, saying i'm immensely supporter of writers and hope the strike is resolved soon and in a way they feel recognizes their value. >>> the graduating class of fullerton college down in orange county features a 12-year-old boy. clovis hung began there at 7 years old and earned five associate degrees. his gpa of over 3.9 is getting just one b grade in his tenure. he said class is no more difficult than the others, but the teacher was uncooperative. he's the youngest grad in the scho

disney is kicking content off of its platform and warner brothers already did that and are trying toovery content. i think what you are seeing 1 all of the legacy media companies are scaling back their envisions. two years ago everybody was chasing netflix and wanted to be netflix. what you are seeing now, and david at warner brothers discovery and now the max service, they are really scaling back their ambitions they want to have a streaming service, but their north star is no longer netflix. they will sell content to netflix. just over in the uk i saw yesterday morning, all the "harry potter" series, and they are dominating netflix in the uk it's not just about licensing to yourself, which was really the story of the last few years, but they are taking a balanced approach i don't want to say giving up, but certainly they are no longer chasing netflix. i think that's whether you are talking warner brothers discovery or whether you are talking disney or paramount. none of these companies are chasing netflix the way they were two to three years ago. it's clearly helping their overall

media stocks getting caught up in the sell-off today as netflix, disney and warner brothers are lowerary consumer spending you'd expect to pinch heading into a possible recession. morgan stanley's media survey shows consumers are continuing to increase the number of active subscriptions they have, and netflix remains number one in streaming despite hiking prices. but it was amazon that saw the biggest nearly increase in usage. for more, let's bring in the head of u.s.stanley. good to see you, ben what jumps out about amazon. >> good to see you thanks for having me on. look, i think the headline for us on the amazon front is probably the impact of sports. thursday night football, as you probably know, made its debut exclusively on prime last fall that seems to us to be probably the biggest driver of the increase i think it is a big debate for investors, particularly as we come back to netflix, whether or not live sports, you know, makes a big difference we did ask consumers, for example, about apple tv plus, which is still kind of a niche service in terms of penetration. how much would

one is that cnn came under new ownership last, year the warner brothers discovery murder.the operation. particularly with a key shareholder who has his ear, that is jon malone, you see him there next to zaslav. malone is a member of warner brothers board and he is a conservative guy, a conservative billionaire republican donor who donated $250,000 to donald trump's inaugural. if you read interviews with malone and track both public statements from zaslav and reporting, it's quite clear that the new ownership has an explicit ideological project. they come out and say it, to make the network more trump and republican friendly. and that ideological project is so strong that they will do that even if, you know, that cost them viewers and revenue, which it seems to have been doing recently. which brings us to their second reason for this town hall, i believe in this network, this business i understand, ratings. it is not a novel observation to say there is a car crash quality to donald trump. i saw it on social media last night. people hate watching. he compels attention in spi

let me play you the ceo of warner brothers.o of warner brothers discovery discussing cnn hosting trump. >> we need to hear both voices. that's what you see. republicans are on the air on cnn, democrats are on the air. all voices should be heard. >> he's the front-runner. he has to be on. >> republicans, democrats, insurrectionists, everybody is on the air. your thoughts, angelo? >> i get a little uncomfortable with the false equivalencies if that's the position they have taken because it's kind of a reflection of the larger posture that cnn has had over the last year or so, which is to basically mollify all of their right wing critics or to attempt to mollify them by validating even the most bad faith attacks on the network from them and shift their focus to try to appeal to them to come back on the channel with all sorts of concessions or gimmes. and i think, yeah, of course he's the republican front-runner. there's newsworthiness around it. it is absurd in some ways. i appreciate that. what i don't appreciate is the circumsta

he's very close with the ceo of warner brothers discovery. he's also an unabashed conservative/libertarian and a large donor to donald trump's 2017 inaugural committee. in november 2021, as he was acquiring cnn, he told cnbc exactly what he would like to see for the cable news network that ted turner started. >> i would like to see cnn evolve back to the kind of journalism that it started with, and actually have journalists which would be unique and refreshing. fox news, i think, in my opinion, has followed an interesting trajectory of trying to have news news. i mean, some actual journalism embedded in a program schedule of all opinions. >> dominion would like to have a word. this right wing libertarian viewpoint that the rest of us must subject ourselves to verbal abuse by the nastiest, cruelest, most hideous voices in this country, donald trump included, has become the backbone of maga. free speech to them means the fascist far right has a god given right to make you listen to them on twitter or on the new cable twitter, whether you want t

shares of warner brothers discovery and paramount taking a hit, while comcast and netflix finishing ahead> much of the commentary is around the subscriber growth not really being there, but if you look at other operating metrics, their free cash flow, they are in good shape. as an investor, i love hearing discussion about returning to profitability. everybody is realizing that the economics of streaming are rough, and they're particularly rough for disney, to the extent that they can find synergies with hulu, i think that's a positive for them, and it's helped them decide if they're going to maintain that stake in that >> not a great quarter, that goes without saying. >> and last quarter, we talked about when the stock went from 103 to 122ish in the -- we said, you can't cost-cut your way to prosperity, and the stock was probably too high at that point. that proved to be correct. tom rogers, stud, by the way, talked about similar at the time now, it's at interesting levels. here's the problem analysts still are offsides in terms of their price target. the average price target out there is

warner brothers studio is a prominent part of burbank's economy.s enough for the mayor to support the strike while preparing for a downturn. we're looking at a cost saving measures we're looking at how we can support people in the short term, so that fewer people are affected and that the smaller businesses in the area supported if there was any victory in the first full week of the strike. it came at a small street off cold water. canyon writers. pickets may have shut down a location. shoot. we have seen trucks come. we have seen trucks turn away trucks. no production by the afternoon crew members were sent home. that was susan hiroshima reporting. the strike is also expected to take a on the economy in southern california. various estimates say the 2007 strike cost 2 to $3 billion in the local economy. barrier weather our next system coming onboard right now. more clouds and even some scattered rain showers for this evening. but what about your weekend? we'll have the update coming up after the break. tonight at seven over on ktvu, plus a new out

empieza hoy dÍa mismo francisco cuevas, buenas tardes >>> estamos afuera de los estudios de la warner brothernos, series novelas incluyendo streaming dijeron en un comunicado que el comitÉ de negociaciÓn comenzÓ este proceso con la intenciones de llegar a un acuerdo justa la respuesta de los estudios a nuestras propuestas han sido totalmente insuficientes dado la crisis que enfrentan los guionistas incluye netflix, universal, las respondiÓ diciendo permanecen unido en su para alcanzar un acuerdo beneficioso para escritores muchos dependen de las operaciones diarias de estos estudios desde construcciÓn limpieza y otros servicios esta es la primera huelga de este sindicato desde el 2017 la Última durÓ 100 dÍas y el impacto econÓmico fue de 2.000 millones de dÓlares esta huelga podrÍa afectar a unas 20.000 personas en total y unas 600 producciones en este momento que se estaban filmando, un duro golpe >>> estados unidos podrÍa dejar de pagar sus obligaciones financiera en a opinas un mes el 1 de junio segÚn el aviso lanzado al congreso por la secretaria tel congreso si los legisladores no suspen

so, overall, wouldn't say a bad quarter for warner brothers.focus you on the fact that driirect-to-consue is going to be profitable sooner than people anticipated. that said, there's concern that they can generate the free cash flow they say they're going to this year, because so much is a back half story. they may be neutral in the first half, which means they've got to earn an you feel lot or generate a lot of free cash flow in the second half of the year to hit their targets, to continue to reduc reduce leverage, which is five times right now. remember, $30 billion market value, but $50 billion in debt enterprise, still pretty significant. >> it's down it's down. >> but jim, that seems to be the key question zaslav has made it all about free cash flow and getting synergies to come through, and the question becomes, h rare yo going to get there take a listen to what he had to say to andrew and joe this morning on "squawk box." >> our focus has been, if we have some of the greatest ip in the world and we're a global diversified company, we nee

the world, it showcases international cinema but also commercial cinema, the holyrood studio warner brothers on display, will people get to see them given the movie business going on but it is an inspiring and vibrant event. what inspiring and vibrant event. what should be looking _ inspiring and vibrant event. what should be looking for? _ inspiring and vibrant event. what should be looking for? the new johnny depp film is one of the opening—night movies. johnny depp film is one of the opening-night movies.- johnny depp film is one of the opening-night movies. that's right, he die arminen _ opening-night movies. that's right, he die arminen my _ opening-night movies. that's right, he die arminen my dinner - opening-night movies. that's right, he die arminen my dinnerjacket, . opening-night movies. that's right, he die arminen my dinnerjacket, i | he die arminen my dinnerjacket, i got out of bed this morning to put this on for a press screening. he plays the french king louis 15th, the film is directed by a france algeria director who plays opposite him, she is a working—class woman who gets

let's start on warner's brothers. the big criticism of all of these streaming enterprises have been they lose money other than netflix. the ceo of warner bros. discovery really doing everything he can to turn max into a profitable service. they're cutting because in a lot of ways. they have laid off people and that seems like positive news. the problem is linear cable network start declining really quickly. investors are still uncertain on whether the growth of the profits on streaming are ever really going to replace what was a lucrative business model. ed: in 24 hour span you had paramount post that loss been warner bros. post be profit. what can we discern about the competitive nature of the two when it comes to streaming? >> it may depend on where they are in their investment cycle. paramount said this year is going to be is a year of peak investment. it was not long ago where paramount was still bragging about how much it was spending because he thought that was what wall street wanted to hear. had investor day in

it comes to advertising, we want to see what that looks like we did not get good news out of warner brothersinues with disney looking at the subscribers, last quarter they had a loss on the international side, even though domestic grew. we want to see that. the writers strike is important. disney has a good catalog. even if there's a writers strike that goes on for a while, they can have their viewers there i'll watch "mulan" again if there's nothing else to watch. then the cost cutting as well, this is key for a few different areas. one, the dividends if they're still in that cost-cutting mode, let's see how much progress they made with the job cuts and restructuring are they going to bring that dividend back? it was thought 2023 might be the year we see that i want to hear what they have to say about that what does that mean in regards to hulu as well? options trading is telling me there could be extreme volatility here, like a 7% move. we'll be watching all that. >> that's a pretty good wish list are your expectations high or low you're going to get the answers you want >> i'm not sure we

but a warner brother source tells the post "the deal unfortunately did not result in any produced shows to golf, english with a big hole in one and the charles schwab challenge yesterday and check this out. >> english, here from yesterday. successful here. rachel: english in second on the leader board just behind harry hall. those are your headlines. will, back to you. will: thank you, rachel. bias in the bureau, fbi whistle blower joined us to warn us about the department's use of power and it's only getting worse. watch. after 9/11 and the national security branch grown exponentially and it's involved into a domestic intelligence agency and the law enforcement capability and that's what i expressed in the hearing. that's a problem because the name of law enforcement investigations are linear and they have a start and end and nature of intelligence operations are circular. they gain more intelligence to gain more intelligence and they never end. will: everyone's eyes sort of opened about the deformation of fbi. transformation of the fbi and the law enforcement intelligence agency. >> y

warner brothers and cnn share the same parent company.une part two will premiere in theaters on november 3. >>> and police officers are trained to help people in need. but when a frantic driver approached a deputy sunday in a panic, it wasn't the average day on the job. >> are you pregnant? she is ready to go, she's ready to go. >> she's coming! sfwh she's coming. she's coming, she's coming. >> there we go, i got a baby. >> don't pull. i got her. >> there you go! i told you i didn't want to deliver a baby! oh, pretty little girl. >> that is a beautiful sound. that is a beautiful sound, mama. that is a beautiful sound. look at your baby, look at your pretty little girl! >>> the deputy helped deliver the baby in the front seat of her car on the side of the highway. and it turns out both mom and officer are kind of old hats at this. this was her sixth baby and third time that the deputy helped welcome a new life into the world. does it here. "early start" is next. may the fourth be with you. my most important kitchen tool? my brain. so i cho

warner brothers part of our parent company say that it will feature original stars and welcome wednesdays star. it is set for release in september of next year. and saving the best stories for last -- ♪ >> this is what i imagine you listen to. >> pretty amazing. always reinventing herself. >> and today marks first day of beyonce's world tour in support of her seventh album. and it will continue around europe which is mostly sold out and then back to the u.s. >> and forbes reports that beyonce could make more than $2 billion from the tour in ticket sales alone. that is more than the projected earnings from taylor swift's eras tour that has been in the u.s. only so far and could earn swift more than $1.6 billion. >> i think that we're in the wrong industry. we should be doing live tours. which do you think we'd earn as much as beyonce? i have the fashion but i worry about your dancing. >> i also worry about your dancing. but i have been a rapper. >> we'll have to bring that back to the show. it is on youtube? >> no, it is pre-youtube thank goodness. >> we'll find a wave getting it on here.

factor in the growth of streaming with studios of giving amazon, netflix and cnn's parent company warner brothersitors maintain there are more projects for writers than ever before. the last strike was 2007 and it lasted 100 days. >>> britain is just a few days away from the coronation of king charles. we'll note the differences to expect compared to his mother's coronation. ♪ supporting 6 key indicators of b brain health. to help p keep me sharp. neuriva: think bigger. my active psoriatic arthritis can make me feel likee i'm losing my rhythm. with skyrizi to treat my skin and joints, i'm getting into my groove. ♪(uplifti music)♪ along with significantly clearer skin. skyrizi helps me move with less joint pain, stiffness, swelli, and fatigue. and is just 4 doses a year, after 2 starter doses. skyrizi attaches to and reduces a source of excess inflammation that can lead to skin and joint symptoms. with skyrizi 90% clearer skin and less joint pain are possible. serious allergic reactions and an increased risk of infections or a lower ability to fight them may occur. tell your doctor if you have an

and it's sending warner, brothers, fox and disney shares all plummeting even further today. bullish. 41% are hold we are watching out for the earnings tomorrow morning. >> julia boorstin with the latest on paramount and streaming overall. >>> we're watching the macro bond yields. shorter maturities rick santelli in chicago with the markets? >> now mid the long maturities are higher in yield on the session. the let's start with 2-year notes on top of the kbw index. there's the chart. we can see what's driving the short duration into higher prices and it's been a bank to a normal more trade and poil si. now look at how this has been affected in 2-year note yield. we've seen minus 35 to minus 5 it may be the least inverted when it's only 37. thes would have been done. five 1/4 is nervousness in another mogul in the treasury complex, the debt issue. the highest yield close, what has that done? whoop for yourself at the close, back to you. >> rick santelli, thank you for that. >>> ahead on "power lunch," the dow down 300 points. declined -- >> we've still got an hour and a half o

more earnings out this morning, cigna and warner brothers discovery coming out this morning in the morningnd then after the bell tonight we've got another host of earnings coming out. european markets this morning look like this, let's take a look at the eurozone. with the ft 100 higher by 29, cac quarante up 29, dax higher by 130. tomorrow will mark the official coronation of king charles the third of. iin asia, fractional moves. we will see fractional moves both directions. and then back in washington, on the biden laptop letter, former intelligence officials john brennan and james clapper will testify in front of a house panel he'll this month on why they the signed the letter suggesting the laptop was russian disinformation when they knew better as the white house still is refusing to answer any questions about the whistleblower who says joe biden sold out to foreign nationals. house oversight committee chairman james comer is here live in the 8:00 a.m. hour with the latest on those investigations. joining the conversation all morning long this morning, fox business' cheryl casone, new

information and certainly during the writing process, so much of it resembled to us one of those old warner brothers movies from the 1940s that were made about world war two. you know, there's a contemporary movies had the, you know, you had played by frank mchugh and alan hale and george tobias and some of the others that all character actors a ragtag outfit waiting somebody like pat o'brien or randolph to come along and whip them into shape. that's basically what the big part of the story is about. the the first ranger battalion was known as rangers, and it got a lot of attention. so and for participating in combat in africa, in italy, the second ranger battalion was sort of like almost an afterthought, a footnote. it was a bunch of let's get a couple bunch of people together and put them in a camp in tennessee and see what happens. and not much happened until. bob made a reference to james earl rutter, big jim. he was a texas man who took over the battalion and whipped him into shape. he was that pat o'brien. he was that randolph scott and. the battalion finally was in good enough shape that they

companies like netflix, amazon, apple, disney, nbc universal, paramount, and cnn's parent company warner brothersrrently in production with rioters, that will stop. >> the last time rightist went on strike in 2000 and, seven they left for 100 days, leading to delays in production for months. some of the late night shows of the first to go into rerun, because they're more dependent on rioters. the shows written the same day there. >> i'm actually in the right are skilled as well, so yes, i could not do the show without them. >> daytime shows, so progress, and other popular programs will soon follow. >> it is saturday night live. >> nbc announcing that saturday night live will air repeats until further notice. what are they fighting over? one sticking point is money. many rioters say, because streaming has changed the industry so much, they are making less than they were a decade ago. >> unfortunately, we have a situation where too many, rioters certainly the i know, my contemporaries, guys in their 50s, women and 50s, they all of a sudden, even though this is supposed to be peak television, they a

information and certainly during the writing process, so much of it resembled to us one of those old warner brothers movies from the 1940s that were made about world war two. you know, there's a contemporary movies had the, you know, you had played by frank mchugh and alan hale and george tobias and some of the others that all character actors a ragtag outfit waiting somebody like pat o'brien or randolph to come along and whip them into shape. that's basically what the big part of the story is about. the the first ranger battalion was known as rangers, and it got a lot of attention. so and for participating in combat in africa, in italy, the second ranger battalion was sort of like almost an afterthought, a footnote. it was a bunch of let's get a couple bunch of people together and put them in a camp in tennessee and see what happens. and not much happened until. bob made a reference to james earl rutter, big jim. he was a texas man who took over the battalion and whipped him into shape. he was that pat o'brien. he was that randolph scott and. the battalion finally was in good enough shape that they

liz: and you've got deals for promotion with oatly, warner brothers. why streamers? 35 stores, 7 alone in manhattan that are all great locations. you have you have the ability, you know, to -- we have the ability to use our window as kind of like a billboard, use our brand as a partnership tool, and that's not only driving in new traffic, but it's also good for the brands we work with. and is so we're able to do some really unique partnerships with 16 handles. it's a lot of fun. it brings in new customers, and it's great marketing. liz: are you worried you won't be able to make it through this difficult time, at least some of your franchisees? >> no, quite the opposite. we're opening a new store in naples, or or florida, just next week, headed there next. overall, yes, the rates are up, of course. when i acquired franchise or i took a small sba 7a loan which is one of the federal programs and the interest rates on those are variable. so it's like, yes, interest rates are up and it hurts, but as long as you're able to increase cash flow and revenue, you're able to mat

brilliant four-season run on hbo, with its highest rated episode since the show's debut according to warner brothersre unfamiliar with "succession," it's an incredibly engrossing look at the battle between three siblings to succeed their larger than life father as the head of a conglomerate. it's a tragedy on an epic scale that feels so personal. it's also at times very funny. it's won a number of emmy awards, including for its acting, which includes my next guest, jeremy strong, who plays kendall roy. he joins us for his first television interview. there are many, many spoilers ahead about what happens in the finale. so are you glad it's over? because from everything i've read about you and heard you say, you are very deeply -- you embodied the character. you're intensely into your character. are you glad you're no longer kendall? >> yeah. look, i think it was -- it's been the role of a lifetime. it's been an immeasurable gift to get to sort of, you know, run the gauntlet with this character. it was heavy. i feel a responsibility to serve the writing and embody what the writers are asking the chara

brilliant four season run on hbo with its highest rated episode since the show's debut, according to warner brothersamiliar with succession it's an incredibly engrossing look at the battle between three siblings to succeed their larger than life fathers conglomerate. it's a tragedy that also feels deeply personal because the writing an acting associate wrong. it's also times very funny. it's won a number of emmy awards including for it's acting, which includes my next guest jeremy strong who plays kendall roy. he joins us tonight for his first television interview since the finale. we warn you there are many spoilers ahead about what happens in the finale. >> are you glad it's over? from everything i've read about you and heard you say, you are very deeply, you embodied the character. you are intensely into your character. are you glad you are no longer kendall? >> i think it was it's been the role of a lifetime, it's been in a measurable gift to get to sort of run the gauntlet with this character. there was heavy, i feel responsibility to serve the writing and embody what the writers are asking the

against some of the biggest names in the business, amazon, net flicks, paramount, universal, warner brothersme is the vice president of the writers guild of america east and a former writer on "law & order sbu." good to be with you. the last strike in 2007 lasted 100 days and cost about $2.1 billion to the california economy. at that time streaming was a new technology. now it is quite a big part of the negotiations. tell me why. >> streaming has changed everything in our industry. it used to be television and screen writers write for broadcast networks and movies that you see and theaters. today many of our writers are working for streaming shows. unlike broadcast network shows they might air ten, maybe even eight, maybe six episodes per season. and that greatly affects our compensation because when you are working for say a "law & order" that has 22 to 24 episodes per season you are working for 40 weeks out of the year or more on that show, whereas the streaming era introduced something called mini rooms which is a studio concept that allows workers to be hired, writers to be hired for may

names like netflix, paramount, and warner brothers discovery, which is cnn's parent company.e picketers in new york. what are they telling you about these sticking points, vanessa? >> reporter: we are on the picket line here in new york city outside of peacock. and people have been out here for several hours now. i'm going to step out of the way to get you some visuals here as i walk you through these sticks points. the first is the number of writers in the writer's room. second, we're hearing that the writers want longer employment contracts with television shows and films. it's also about regulation around artificial intelligence. something that has been up ending jobs. and also it's key to know about residuals around streaming. that is a key issue that we are hearing on the picket line. you're probably seeing a little bit of that messaging on the signs here. i want to bring in judy tate. she was on the picket line in 2007 during the last writer's strike. what brings you out here today, 15 years later? >> i think that in 2007 and '08, we were striking so that the very indus

warner brothers.tractive growth market and they've got an overweight rating and the company disclosed a big ai bet back in 2020, and julia, they've already been using it to file a bunch more lawsuit which is seems like the normal use of ai in america julia boorstin, i should add, what are the results >> i think this quarter for warner music group is the top and bottom line results are expected to be in line with where they were last year, and what's more important here is what we learned from the company about its digital revenue and its subscription revenue in particular are they seeing meaningful increase in growth in that subscription revenue growth and so much of the industry has shifted such as apple music and spotify. the second key thing we're looking for here is the update on the music subscription market there's talk about weakness in the ad market and the question is what are they seeing there? are they seeing the ad market stabilizing which is the term that marki zuckerberg used this is a c

this on the eve of warner brothers-discovery's rebrand of its former hbo max streaming service, now knownply as max, and it is chock full of those passionate human stories writers have created. as streaming disrupts the way we consume entertainment and how those who create it get paid, let's bring in the founder and launched cbs all access which eventually became paramount+, and he is now the ceo of streaming technology company bright cove. very passion that it time for writers and for the substance that holds up streaming. what do you make of all that you're seeing? >> first of all, thanks for having me on, liz. i really appreciate it. the writers' strike is a unique moment here in time. they happen to have timed it what i think is probably the wrong time for the writers to be striking as large media companies that are now, you know, evolving their streaming services, they're running into cost pressure, and that cost pressure being put on those streaming services means they don't want as much content to the right now, need as much content right now as they're trying to save money. so i i

also, warner brothers, discovery recently announced a similar plan. going to be urging their streaming service, hbo, max, with their discovery plus service. and the new service is going be called max. >> don't forget other day. and if you're having heart attack right now, go what i got to get. a lot of people look at issues, flowers and they are warning the better business bureau saying the scammers out there and you need to watch where you buy those flowers from a when you go online. >> they say make sure that it's a reputable business because the bbb says in some cases. >> it's a fake scam. they'll take your money. they don't send the flowers or they even changed her contact information afterwards so that there's no way for you to get a hold of them and get your money back. so if you are buying flowers best to buy from that you've used before legitimate with a street address and if a deal seems too good to be true, it usually is. >> we're going take a break 8.42 is the time. and coming up in the next hour of the kron, 4 morning news. a pretty nice c

the future of cnn within warner brothers discovery is tenuous at best.ossibly of the company that owns this network and the company that owns that network that puts cnn, i think, in a very tenuous spot. then you have a broader problem which is there isn't a center anymore, and if cnn is trying occupy the center, they're going to be broadcasting to a very small number of people and i think kind of misunderstand where we are as a country and how media works in 2023. >> all shrewd comments. trump held liable for defamation this week, fox paying out over 700 m, ousting tucker. they have another case that could be up to $2 billion. i have more on that later in the program. within that accountability moment -- i don't want to overstate this, but some of what they did last night on cnn is the kind of thing that was put forward as evidence of defamation in fox news' losing case. in other words, you have to forget the brands. imagine a blind taste test. some of this was exactly that. you knew it was going to happen. you knew you were on notice. you did it in a wa

warner brothers, discovery recently announced a similar plan to merge streaming service hbo max, withng just max. so the landscape for streaming platforms, this little ball thing. >> 6.26, a mother's days just couple days away. so maybe you're scrambling now to try to get that last minute gift flowers. well, be where scammers are always on the prowl and one of the most common gifts to buy is flowers. so now the better business bureau is out with a warning saying be ware of online scams because sometimes they take your money. they don't send the or they show up damaged to make matters worse. the scam artists then change their contact information so you can get a hold of them to even get your money back. so if you are going to be buying flowers, it is best to buy them from a legitimate story that, you know, with a street address. this is according to bbb. and remember if a deal seems too good to be true, usually is. 6.26. and coming up next, researchers are investigating the cause of death of 2 2ray whales washing up dead in the north bay. >> 6.29 right now. and we're it's like watching

took netflix a long time we started to hear from warner brothers discovery they are maybe going to be there -- i started nibbling on that, just to be clear, so -- i don't love disney, i don't like what's going on, but they're a different company. they are a company with great assets and a lot of levers to pull in this whole espn dynamic is something, if anything, it's only a positive catalyst we know linear tv is dead, and that's been well priced. >> v. >>> coming up, earnings action on deck. shares of ross stores on the move after reporting results the numbers next. >>> and speaking of retail, walmart out with an earnings beat, but flagging a major issue facing consumers what you need to know, when "fast money" returns (fabric rip) ooh. - wait, wh- wh- what was that? - huh? what, that? no, don't worry about that. here we go. - asking the right question can greatly impact your future. - are, are you qualified to do this? - what? - especially when it comes to your finances. - yeehaw! - do you have a question? - are you a certified financial planner™? - yes. i'm a cfp® professional. - c

companies like netflix, amazon, apple, disney, nbc universal, paramount and cnn's parent company warner brotherst on films currently in production with writers, that's going to stap. >> reporter: the last time the writers went on strike in 2007 they left for 100 days leading to delays in production for months. some of the late night shows are the first to go into reruns because they're more dependent on writers, the shows written the same day they air. >> i'm actually in the writers guild as well, so, yeah, i couldn't do the show without them. >> reporter: daytime shows, soap operas and other popular programs will soon follow. >> it's "saturday night live." >> reporter: nbc announcing "saturday night live" will air repeats until further notice. what are they fighting over? one sticking point is money. many writers say because streaming has changed the industry so much, they're making less than they were a decade ago. >> unfortunately, we have a situation where too many writers certainly that i know, my contemporary, guys in their 50s, women in their 50s who all of a sudden even though this is su

i look at, like, a warner brothers discovery, which has been so destroyed, but if you actually look at the numbers they just posted, and they said they're going to be profitable a year in advance. a lot of analysts have upgraded this stock and if you look at a free cash yield, it's pretty exciting. so, i say a lot of these co company -- especially the media-focused part of their businesses have been priced down streami ing we know loses money. i think we've written streaming down to nothing. and i think it's getting kind of interesting here >> karen >> i -- have we written it down to nothing >> feels like it >> i doubt know. if that's the case, then yes, maybe it's one of your things, you know, most attractive when they go from terrible, which seems to be right now in the streaming space, to just bad, if there is some improvement. >> and to steve's point, sorry, because i mean, steve was talking about -- the parks business and seemingly studio in a different world where studio are kind of clicking away here, and so, the streaming business is -- is, to me, almost been priced to nothing

. >> drivers passing by warner brothers studios in burbank, honking in support of the striking writers. many prepared for a long battle. yes, the skilled is prepared for as long as it takes. labor talks for the writers guild of america's 11,000 workers are at a standstill. the strike now in its second week and demands the wga pushing for higher residuals for streaming shows and guaranteed staffing levels on tv shows. what's happened to us is the same thing that happens to many other industries, which is let greed take over and they don't care about the workers or our ability to make a living. and so we have to stand up for ourselves and for everyone in entertainment because this isn't something that's happening suggest riders were just the first to the battlefield. the union told its membership. the strike is having an impact halting hundreds of productions from la to new york. >> crossing a picket line back in 2007. the last writers strike lasted 100 days and cost the local economy. some 2 billion dollars. some analysts are predicting this strike could go as long and have deep economi

suddenly you see prince videos from warner brothers do the same thing. ♪ tonight ♪ ♪ we're gonna partyople -- he had a real underground cult following and he was a very sexy, hot performer. ♪ the sweat of your body covers me ♪ ♪ can you my darling can you picture this ♪ >> prince loved the idea that he was taking his punk funk music and turning it on to a white audience, and that wouldn't have happened if not for mtv. ♪ this is what it sounds like when doves cry ♪ >> when i was younger, i always said that one day i was going to play all kinds of music and not be judged for the color of my skin but the quality of my work. ♪ purple rain ♪ >> prince had a great androgyny. he blurred the gender line. he sings, he writes, he plays. every time i see him it's just like, really? okay, i quit. ♪ >> when he plays guitar, it's just part of his body in a way that i've never really seen before. and it's not contrived. it's just -- it's just happening. >> what was his music? was it r&b? his music was just straight down the middle mainstream, grab you by the throat and balls, pop. ♪ ♪ we go down to t