Current Entertainment News Briefs: Decline in Cable TV and Alain Delon's Passing

S&P has lowered its outlook on Warner Bros Discovery citing declines in its cable TV business, which faces competition from streaming services. Also, renowned French actor Alain Delon has died at the age of 88, having been in poor health since suffering a stroke in 2019.

Following is a summary of current entertainment news briefs.

S&P Global Ratings revised its outlook on Warner Bros Discovery from 'stable' to 'negative,' highlighting the financial strain caused by a decline in the media company's cable TV segment. The potential loss of NBA broadcast rights further complicates the scenario. Half of Warner Bros Discovery's revenue is sourced from its cable TV business, which is witnessing a significant downturn due to reduced advertising revenue and a consumer shift towards streaming services.

In other news, legendary French actor Alain Delon passed away at the age of 88. Known for his roles as complex characters such as murderers, hoodlums, and hitmen, Delon's death marks the end of an era in film history. He had been living in seclusion at his estate in Douchy, France, since suffering a stroke in 2019.

(With inputs from agencies.)