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Warner Bros. Discovery Takes $9.1 Billion Balance Sheet Hit for Massive Drop in TV Network Values

Warner Bros. Discovery reported its second-quarter 2024 earnings Wednesday, which included a $9.1 billion charge related to the devaluation of the company’s TV networks. The $9.1 billion goodwill impairment charge, which is a non-cash, pre-tax figure, comes after an asset…

Warner Bros. Discovery Takes $9.1 Billion Balance Sheet Hit for Massive Drop in TV Network Values Read More »

British Director, Writer & Actor Bodies Urge Big Tech Firms To Stop Using Their Work In Generative AI Training

Bodies representing the UK’s directors, writers and actors have written to big tech firms challenging them for using their work to train generative AI models. The Creators Rights Alliance (CRA) has today penned the letter, citing the need to “safeguard…

British Director, Writer & Actor Bodies Urge Big Tech Firms To Stop Using Their Work In Generative AI Training Read More »

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