KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
Warner Bros Discovery plans to lay off around 10% of employees in its motion picture division as part of a major restructuring ahead of the company’s split into two separate entities, according to a source familiar with the matter.
Details:
Cuts will affect marketing, distribution, production, and other units.
The exact number of employees impacted has not been disclosed.
The decision follows a review of the film group’s operations earlier this year.
Company Restructure:
Warner Bros Discovery will split into two publicly traded companies:
Warner Bros: Will include the film group and HBO Max.
Discovery Global: Will include CNN, TNT, and Discovery+.
Business Context:
The restructuring aims to shift from a U.S.-centric to a fully global model to compete in the streaming era.
Warner Bros experienced box office disappointments in 2024 with titles like Joker: Folie A Deux and Furiosa, but rebounded in 2025 with hits including A Minecraft Movie, Sinners, and Superman.
Summary: Warner Bros Discovery is making deep cuts to its film division as part of a global restructuring strategy before splitting the company, aiming to adapt to the evolving streaming and entertainment landscape.
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