'Ninja Turtles' vs. 'Barbenheimer,' Layoffs at HBO and Warner Bros. Discovery's Earnings Challenge

The Paramount animated film has a path to box-office success [teenage-mutant-ninja-turtles-mutant-mayhem]( [‘Ninja Turtles’ Could Thrive at Box Office Despite ‘Barbenheimer’ Bonanza]( By Jeremy Fuster If there’s any late summer film that might be able to find a foothold at the box office amidst the “Barbenheimer” phenomenon, it’s “Teenage Mutant Ninja Turtles: Mutant Mayhem,” a film that marks the beginning of a greater investment in theatrical animation for Paramount Pictures. Made on a reported $70 million budget and with Seth Rogen attached as a writer-producer, “Ninja Turtles: Mutant Mayhem” marks the start of a new incarnation of the quartet of pizza-loving reptile warriors who have been reinvented in various films, comics and TV series since Peter Laird and Kevin Eastman first imagined them for a 1984 one-off comic spoofing Marvel heroes like Daredevil and the X-Men. [Read More]( --------------------------------------------------------------- [HBO chief Casey Bloys speaks at a 2020 WarnerMedia investor presentation.]( [More Layoffs Underway at HBO | Exclusive]( By Loree Seitz Layoffs are underway at HBO’s public relations department, TheWrap has learned. The Warner Bros. Discovery brand is facing new cuts to its communications and PR teams, with several veteran staffers and execs impacted by the cost-cutting measures, according to two knowledgeable insiders. Layoffs among the legal and production division also landed earlier this week, an insider with knowledge of HBO told TheWrap. [Read More]( --------------------------------------------------------------- [zaslav-barbie]( [Why ‘Barbie’ May Not Be Enough to Put Warner Bros. Discovery Back in the Pink]( By Lucas Manfredi In Warner Bros.’ summer hit “Barbie,” Ryan Gosling’s Ken has a breakthrough when he realizes he can find meaning without the titular doll played by Margot Robbie. Warner Bros. Discovery CEO David Zaslav will have to do the same on Thursday, demonstrating to Wall Street that there is more to the company’s growth story beyond the film’s recent success. “Barbie” is an undeniable hit, on pace to reach $1 billion in global box office by Sunday. But it’s unlikely to do more than balance out some recent superhero flops. And Warner Bros. Discovery still has a heavy debt load that it’s struggling to shed, which is where analysts will likely focus their questioning on the company’s second-quarter earnings call. [Read More]( --------------------------------------------------------------- [tania missad warner bros discovery research exit restructuring]( [WBD Research Head Tania Missad to Exit | Exclusive]( [e! news]( [E! News Hit With Major Digital Layoffs | Exclusive]( [Cher (Photo Credit: Getty Collection)]( [Cher Picks Irving Azoff’s Iconic Artists for Catalog Rights]( [vince mcmahon wwe]( [WWE’s Vince McMahon Proclaims Innocence After Federal Raid Revealed]( --------------------------------------------------------------- [Wrap Pro logo] Discover why entertainment executives and professionals rely on the WrapPRO platform daily for exclusive coverage, analysis, deeper reporting, and access to VIP events & screenings throughout the year. [Subscribe Today]( --------------------------------------------------------------- [Facebook]( [Twitter]( [Instagram]( [YouTube]( TheWrap | 2034 Armacost Ave Los Angeles, CA 90025 [Preferences]( | [Unsubscribe](