Warner Bros. Discovery continues to lose money despite success of ‘The Last of Us’ and ‘Hogwarts Legacy’

Warner Bros. Discovery (WBD) reported underwhelming Q4 results yesterday, revealing a net loss of another $2.1 billion, including $217 million from its streaming division. This is despite the company touting the success of its new original series “The Last of Us,” which averaged over 15 million viewers, and the recently launched video game Hogwarts Legacy,…

Amazon joins India-backed e-commerce initiative that’s seeking to challenge the retail giant

Amazon is joining the Indian government-backed e-commerce initiative that seeks to “democratize” online shopping in the South Asian market and amusingly challenge the very dominance of companies such as the American retail group. In a statement on Friday, Amazon said it will integrate its logistics network and SmartCommerce, its platform to digitize neighborhood stores, to…