Latest news with #Streaming&Studios
USA Today
01-08-2025
- Entertainment
- USA Today
HGTV canceled multiple shows this summer. Here's what we know.
HGTV has come for some of your favorite renovation shows. The Warner Bros. Discovery brand has undergone a cancellation spree in recent weeks, axing a handful of beloved Home & Garden Television (HGTV) home improvement and real estate shows, including the Daytime Emmy-nominated show "Married to Real Estate." Just last month, Warner Bros. Discovery announced it would be splitting into two publicly traded companies, Streaming & Studios and Global Networks. It's not immediately clear which company will air and continue to produce original content for HGTV. "By operating as two distinct and optimized companies in the future, we are empowering these iconic brands with the sharper focus and strategic flexibility they need to compete most effectively in today's evolving media landscape," David Zaslav, President and CEO of Streaming & Studios, said in a statement. HGTV has yet to address the recent cancellations publicly and representatives did not immediately respond to USA TODAY's request for comment on the matter. Here's what we know so far about HGTV cancellations this summer. 'Christina on the Coast' Christina Haack, host of HGTV show "Christina on the Coast," spoke out in a July 19 social media post referencing reports by People and Us Weekly that the show had been canceled. "Summer so far. Basically just eating and laughing," Haack wrote in the caption for her photo dump."Canceled looks good on me…. Only kidding only kidding." According to HGTV, the series followed real estate and flipping expert Christina [Haack] as she helped clients transform their outdated properties into high-end homes in Southern California. Haack's show ran for six seasons, starting in May 2019, on HGTV. 'Married to Real Estate' After a four-season run, hosts of the Daytime Emmy-nominated show "Married to Real Estate" announced in late June that HGTV had decided not to "move forward" with the show. "While the chain of events leading up to this is disheartening, we are deeply grateful," Egypt Sherrod and Mike Jackson shared in a joint statement via social media. "Grateful for four incredible seasons. Grateful for our amazing crew and supportive fans. Grateful that our businesses continue to thrive. And most of all— grateful that we are still very much married to real estate (and to each other)." Egypt Sherrod, a real estate broker and designer, and her husband Mike Jackson helped clients in Atlanta find homes in their dream neighborhoods. "By using their unparalleled real estate expertise, they'll make smart purchases and even smarter renovations while managing their busy family," HGTV wrote of the show. The show made its debut on HGTV in January 2022 and aired a total of 44 episodes. 'Battle on the Beach' Alison Victoria, host of renovation competition show "Battle on the Beach," recently revealed that the show would not be returning for a fifth season on HGTV. Nayak, who co-hosted the show with Ty Pennington and Taniya Nayak, broke the news on her podcast "Pap Smear." Nayak loved working on the show, telling comedian Retta that it was "so fun and funny" but that the editing did not reflect that. "And then all of a sudden, I watch the episode... I'm like, 'well, where'd all that go?' I get it, right, it's a lot of content to try to put into 42 minutes. But where is it? Like, where's the great editing?" Victoria said. "You'll lose a show that way. I truly believe that. And 'Battle on the Beach' did not get picked back up, which is sad, cause it was like adult spring break." Pennington and Nayak have yet to publicly address the cancellation. According to HGTV, "Battle on the Beach" followed three teams of house flippers as they renovate identical beachfront properties for a chance to win $50,000. Ty Pennington, Alison Victoria and Taniya Nayak served as mentors, pitching in to help teams as needed. 'Farmhouse Fixer' Jonathan Knight, co-host of "Farmhouse Fixer," announced in late June that HGTV was not going to renew the show for a fourth season. "A lot of you have been asking about the future of Farmhouse Fixer. I am sad to say HGTV has decided not to move forward with another season," Knight wrote in a June 25 post. "While I'm still processing the reasons that led to their decision, Kristina and I are so grateful for all your support over the past 3 seasons." The New Kids on the Block singer, who hosted the show with interior designer Kristina Crestin, went on to say that television "has been so incredibly fun for us." "We are so proud of what we created together and look forward to sharing what's next for us." The pair restored centuries-old farmhouses across New England together, working to "keep that history alive by breathing new life into the houses," according to HGTV. "Farmhouse Fixer" made its HGTV debut in March 2021, airing 22 episodes. 'Bargain Block' Keith Bynum and Evan Thomas, co-hosts of "Bargain Block," confirmed in June that viewers would not be seeing them on HGTV "for much longer." "Our entire business and lives have been put through the ringer at the hands of a giant corporation, yet we persist lol. Though you may not be seeing us for much longer on HGTV, we're excited that we've built such an amazing base of followers and we're very excited about the future," the couple said in a joint statement. "Everyone always told us TV is a fickle world and they are very right. Tv is full of a lot of great people but it's also full of some of the worst people I've ever encountered," the statement continued. Bynum said he and Thomas have "always tried hard to stick to what we know and what we're good at which is being ourselves." "We love you all and we're very excited to announce what's next soon!" the couple said. Real estate adviser Shea Hicks-Whitfield, who hosted the show alongside the couple, has not formally addressed the cancellation. According to HGTV, the show followed the trio as they worked on their mission to revive Detroit "one block at a time." "Bargain Block," which premiered in April 2021, ran for four seasons on HGTV. "Partners Keith Bynum and Evan Thomas want to be part of restoring the iconic American city of Detroit," HGTV says. "The scrappy visionaries buy run-down and abandoned properties and transform them into affordable, stylish starter homes for first-time homebuyers." 'Izzy Does It' Izzy Battres, host of HGTV show "Izzy Does It," addressed cancellation rumors on June 9, when a fan asked about the show's second season. "It's not the news we wanted to give, but here it is: there will be no Season 2," Battres replied. "Still, we're so grateful for every single person who tuned in, supported us, and made the first season unforgettable." The show, which premiered in early February, followed the "bustling business" that is Battres Construction, Battres' family-owned renovation and design firm, over the course of eight episodes. "After years of renovating million-dollar homes on the California coast, Izzy Battres uses expert cost-saving techniques to bring luxury renovations to homeowners with relatable budgets," HGTV wrote about the show.
Yahoo
10-06-2025
- Business
- Yahoo
Warner Bros. Discovery Formalizes Break-Up Plans
In most break-ups, the questions are, 'Who gets the dog, the air fryer, or the Sonos Sound Bar?' In this one, they're 'Who gets The Sopranos, the American League Wild Card Game and, most importantly, the roughly $38 billion of corporate debt?' On Monday, Warner Bros. Discovery — roughly three years after its corporate marriage — announced the terms of its long-discussed separation, which will create a separate entity that will take on much of the media giant's cable TV portfolio. READ ALSO: Washington Trade Talks With Beijing Drive S&P 500 Toward Record High and Apple Still Won't Ride the AI Hype Train Like the rest of its pre-streaming Hollywood peers, Warner Bros. Discovery finds itself trapped between two eras. On one side, a declining cable empire that, despite existential fears, still generates pretty good cash flow. On the other side, an emergent streaming business that could be a nimble new media enterprise, were it not bogged down by years and years of debt acquired as the legacy media empire transitioned into the future. And, much like Comcast, WBD has decided the best way forward is to split into two separate, independently operated, publicly traded companies. So what will the two new parts of the empire look like? One is the likely-to-be-renamed Streaming & Studios company, which will be led by current WBD CEO David Zaslav. The company will consist of exactly what it sounds like: streamer HBO Max and its 122 million global subscribers, the Warner Bros. film studio, cable crown jewel HBO, and the international versions of TNT Sports, among other bits and pieces. The other will be the also likely-to-be-renamed Global Networks company, to be led by WBD CFO Gunnar Wiedenfels. That company will take control of WBD's various cable brands, including CNN, the US version of TNT Sports, TBS, HGTV and Cartoon Network — and, most importantly, a 'majority' of WBD's debt load. Debt Bet: That debt won't be entirely Global Network's burden; the unit will retain as much as a 20% stake in the Streaming & Studios business, which will help with payments. For reference, in WBD's first-quarter earnings report, the company said its cable-centric 'Global Linear Brands' unit generated nearly $1.8 billion in adjusted EBITDA, compared with its 'Streaming & Studios' unit's $540 million. This post first appeared on The Daily Upside. To receive delivering razor sharp analysis and perspective on all things finance, economics, and markets, subscribe to our free The Daily Upside newsletter.
New Indian Express
09-06-2025
- Business
- New Indian Express
Warner Bros. Discovery to split into two companies, dividing cable, streaming services
NEW YORK: Warner Bros. Discovery will split into two public companies by next year, calving off cable operations from its streaming service as the number of people "cutting the cord" brings with it a sustained upheaval in the entertainment industry. Warner Bros. Discovery said Monday that Streaming & Studios will include Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, as well as their film and television libraries. The Global Networks company will include CNN, TNT Sports in the U.S., and Discovery, top free-to-air channels across Europe, and digital products such as the Discovery+ streaming service and Bleacher Report. Shares jumped more than 7% before the market opened. Warner Bros. Discovery CEO David Zaslav will serve as CEO of Streaming & Studios. Gunnar Wiedenfels, chief financial officer of Warner Bros. Discovery, will serve as CEO of Global Networks. Both will continue in their current roles until the separation. Just days ago Warner Bros. Discovery shareholders voted to reject the 2024 pay packages of some executives, including Zaslav's pay package of more than $51 million. The vote is symbolic, as it is nonbinding. "By operating as two distinct and optimized companies in the future, we are empowering these iconic brands with the sharper focus and strategic flexibility they need to compete most effectively in today's evolving media landscape," Zaslav said in a statement. Warner Bros. Discovery said in December that it was implementing a restructuring plan that would have Warner Bros. Discovery serve as the parent company for two operating divisions, Global Linear Networks and Streaming & Studios. The announcement was taken as a preview of the separation of divisions that was announced Monday.
Yahoo
09-06-2025
- Business
- Yahoo
Warner Bros. Discovery to split into two media companies
-- Warner Bros. Discovery (NASDAQ: NASDAQ:WBD) shares paused trading on Monday pending a significant announcement. The company revealed plans to separate into two leading media corporations. The division will result in two distinct entities: Streaming & Studios, and Global Networks. The separation is intended to boost the potential of each business by focusing on their respective strengths. Streaming & Studios will include Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max. This division aims to expand HBO Max, which is slated to enter new markets by 2026, and reach a minimum of $3 billion in yearly adjusted EBITDA. Global Networks will house global entertainment, sports, and news television networks like CNN and TNT Sports in the U.S., along with digital products such as Discovery+ and Bleacher Report. This segment currently reaches over 1.1 billion unique viewers in 200 countries and territories and is known for its high margins and strong free cash flow conversion. David Zaslav will continue as President and CEO of Streaming & Studios, and Gunnar Wiedenfels will become President and CEO of Global Networks. Both will retain their current roles at WBD until the separation is complete. The restructuring is designed to give each company the strategic flexibility needed to compete in the fast-changing media landscape. The Warner Bros. Discovery Board, led by Samuel A. Di Piazza, Jr., believes this transaction will increase shareholder value and is part of their commitment to realizing the full value of the company's assets. Both companies will be well-funded, with Warner Bros. Discovery having initiated tender offers to enhance its debt portfolio, supported by a $17.5 billion bridge facility from J.P. Morgan. Global Networks will retain up to a 20% stake in Streaming & Studios, which it plans to monetize to improve its balance sheet. The separation is expected to be completed by mid-2026, subject to approval by the Warner Bros. Discovery Board, tax rulings, and market conditions. After the announcement, shares rose over 10%. Related articles Warner Bros. Discovery to split into two media companies AppLovin would be more valuable without its 1P games, Morgan Stanley argues Morgan Stanley downgrades Lululemon on weak US growth outlook Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
LeMonde
09-06-2025
- Business
- LeMonde
Warner Bros. Discovery announces splitting into two companies
Warner Bros. Discovery announced, on Monday, June 9, that it will split into two public companies by next year, carving off its cable operations from its streaming service as the number of people "cutting the cord" brings with it a sustained upheaval in the entertainment industry. The entertainment giant will break itself into two publicly traded companies in "Streaming & Studios" and "Global Networks." Warner Bros. Discovery said that Streaming & Studios will include Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, as well as their film and television libraries. Meanwhile, the Global Networks company will include CNN, TNT Sports in the US, and Discovery, top free-to-air channels across Europe, and digital products such as the Discovery+ streaming service and Bleacher Report. The Warner Bros. Discovery split is expected to be completed by mid-2026, the company said. It still needs final approval from the Warner Bros. Discovery board. In response to the announcement, the company's shares jumped more than 7% before the market opened. Warner Bros. Discovery CEO David Zaslav will serve as CEO of Streaming & Studios. Gunnar Wiedenfels, chief financial officer of Warner Bros. Discovery, will serve as CEO of Global Networks. Both will continue in their current roles until the separation. Advance warning of the split "By operating as two distinct and optimized companies in the future, we are empowering these iconic brands with the sharper focus and strategic flexibility they need to compete most effectively in today's evolving media landscape," Zaslav said in a statement. Warner Bros. Discovery said, in December, that it was implementing a restructuring plan that would have Warner Bros. Discovery serve as the parent company for two operating divisions, Global Linear Networks and Streaming & Studios. The announcement was taken as a preview of the separation of divisions that was announced on Monday. Just days ago, Warner Bros. Discovery shareholders voted to reject the 2024 pay packages of some executives, including Zaslav's pay package of more than $51 million. The vote is symbolic, as it is nonbinding. The cable industry has been under pressure The cable industry has been under assault for years from streaming services like Disney, Netflix, Amazon and HBO Max, as well as internet plans offered by mobile phone companies. Comcast, which is of nearly equal size to Charter, spun off many of its cable television networks in November, as consumers increasingly swap out their cable TV subscriptions for streaming platforms. Last month, Charter Communications offered to acquire Cox Communications, a $34.5 billion merger that would combine two of the top three cable companies in the US. So-called "cord-cutting" has cost the industry millions of customers and left them searching for ways to successfully compete.
