Warner Bros: quarterly net loss divided by five
saw revenues contract 7% to $10.3 billion, with declines in its studios (-17%) and networks (-9%) divisions largely outweighing 3% growth in the direct-to-consumer division.
Having implemented our strategic plan to reposition the group, we are now on a solid footing with a clear path to growth", says David Zaslav, CEO of the media and entertainment group.
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