Warner Bros. and DC Comics filed a motion to dismiss a lawsuit challenging the copyrights to 'Superman' in the U.K. and other countries.

WB Games, the video game publishing arm of Warner Bros. Discovery, is shutting down three of its development studios, including the developer behind Multiversus and a long-standing developer working on an upcoming Wonder Woman game.

Warner Bros. Discovery Inc. is closing three video game studios and halting work on a highly anticipated Wonder Woman title in a bid to boost the profitability of its interactive entertainment business.

Discovery's Harshit Sahni has taken on a new role of Senior Director - Cluster Revenue Head - Factual & Lifestyle, Eurosport, Intl. Business - South Asia. In September, his role had been been expanded to lead ad sales for all factual and lifestyle channels,

Shares of Warner Bros. Discovery Inc. Series A WBD rose 3.46% to $11.07 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.55% to 5,770.20 and the Dow Jones Industrial Average DJIA rising 0.52% to 42,801.72.

Warner Bros. Discovery Inc., the parent of CNN and HBO, reported fourth-quarter sales that missed analysts’ estimates, dragged down by its traditional TV business, though its streaming service is winning new subscribers.

Warner Bros. Discovery reported earnings that fell short of expectations amid challenges in its Networks and Studios segments.