The process of adapting Erik Larson’s acclaimed non-fiction book, ‘The Devil in the White City’, for the screen has been nothing short of tumultuous. From its inception before Leonardo DiCaprio obtained the film rights in 2010 to the latest updates shared by producer Stacey Sher, the project has undergone numerous transformations and setbacks. From Paramount
Warner Bros. Discovery recently announced a staggering non-cash impairment charge of $9.1 billion at its networks division due to the uncertain future of its linear television business. This massive write-down was necessary to adjust the book value of its assets in the face of declining advertising revenues and sports rights renewals, especially with the NBA
In recent years, Disney’s media business has undergone a significant transformation. Previously, the narrative surrounding Disney’s financial performance was dominated by concerns about streaming losses, declining traditional pay TV revenues, and a string of box office failures. This led to a stagnation in the company’s share price, with shares falling approximately 24% in the past