Paramount's Streaming Triumph and Warner Bros Discovery's TV Setback Highlight Entertainment News

A roundup of current entertainment news includes Paramount's streaming unit's strong performance despite a TV asset writedown, Warner Bros Discovery's significant financial loss, Travis Scott's arrest in Paris, and Taylor Swift's cancelled concerts in Austria due to a foiled attack. Other highlights include Disney's success at the box office and Banksy's mysterious new street art in London.

Today's entertainment news roundup features Paramount Global's streamlining success, Warner Bros Discovery's financial woes, and much more. Paramount Global's shares soared premarket by 6% on Friday due to robust growth in their streaming segment. Despite a TV unit writedown, the company's streaming services like Paramount+ and PlutoTV posted their first quarterly profit in three years.

In stark contrast, Warner Bros Discovery's shares plummeted over 11% on Thursday following a $9.1 billion writedown of their TV assets and a disappointing $10 billion net loss for Q2. This raise questions about the future of their broadcasting business, despite an uptick in streaming subscribers.

Adding a note of controversy, rapper Travis Scott was detained in Paris for alleged violence against a security guard at the Georges V hotel. Meanwhile, Taylor Swift's dedicated fans were left disheartened after planned attacks led to the cancellation of her Vienna concerts, impacting insurers significantly.

(With inputs from agencies.)