Loss of NBA rights likely crimped Warner Bros. Discovery's ability to attract advertising dollars in the TV industry's most recent 'upfront' market

Warner Bros. Discovery's second-quarter earnings received a boost from its film studios segment following recent periods of underperformance. Film releases from Warner Bros. Motion Pictures included "A Minecraft Movie,

The media and entertainment company posted net income of $1.58 billion, or 63 cents a share, for the second quarter, as revenue edged up to $9.81 billion from $9.71 billion.