Current Buzz in Entertainment: Disney's Predictions, Warner Bros Woes, and More

A round-up of recent entertainment news highlights Walt Disney's forecast of reduced theme park revenue, Taylor Swift concert cancellation due to a foiled terror plot, Warner Bros Discovery's massive write-down of TV assets, Amazon Prime Video's ambitions, and artist Banksy's intriguing new murals in London.

Walt Disney Co. has predicted a 'moderation in demand' for its theme park business in the coming quarters, citing a potential decline in operating income in the fiscal fourth quarter. This forecast comes despite the success of Pixar's 'Inside Out 2' and strong performance in the television segment, contributing to a 1.1% drop in the company's stock on Wednesday.

Austrian authorities reported that a teenager with North Macedonian roots, inspired by ISIS, planned a suicide attack at a Taylor Swift concert in Vienna. The 19-year-old suspect has confessed to plans that could have resulted in a major 'bloodbath,' causing the cancellation of Swift's scheduled shows, leaving fans heartbroken.

Warner Bros Discovery shares took a nosedive, dropping over 11% after disclosing a $9.1 billion write-down of its TV assets. The media giant recorded a $10 billion net loss for the second quarter, raising concerns about its broadcasting future despite notable growth in streaming subscribers.

(With inputs from agencies.)