FILE PHOTO: The Warner Bros logo is seen during the Cannes Lions International Festival of Creativity in Cannes, France, June 22, 2022. REUTERS/Eric Gaillard
(Reuters) -Warner Bros Discovery posted a quarterly loss on Thursday that missed Wall Street targets due to restructuring of the combined media company, but investor concerns were tempered by news that HBO's fantasy series "House of the Dragon" became the most-watched series premiere in the network's history.
Recession-wary brands have taken the axe to marketing budgets as consumer spending on discretionary products and services dips.
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