Warner Bros. Discovery (WBD.US) reported a 11% year-on-year decline in Q2 revenue, as streaming growth struggles to offset the downturn in traditional business. The UK approves the Paramount acquisition deal.

According to Zhijun Finance APP, Warner Bros. Discovery (WBD.US) experienced a significant decline in revenue for the second quarter, primarily due to the loss of NBA broadcasting rights and poor box office performance.