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Warner Bros. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City.It was formed from WarnerMedia's spin-off by AT&T and merger and with Discovery, Inc. on April 8, 2022.
Warner Bros. Discovery stock, which has been gaining ground in recent weeks after falling to a low of about $6 a share earlier this year, jumped 15.4% on the news to $12.49. Zaslav and his team ...
Warner Bros. Discovery, CNN’s corporate parent, announced Thursday it is establishing a new corporate structure that splits off its cable networks from its growing streaming business.
In June 2024, Rogers Communications announced a licensing agreement with Warner Bros. Discovery (WBD), under which it will hold the rights to the channel brands and programming of WBD's factual and lifestyle television networks (such as Discovery Channel, Animal Planet, Food Network, and HGTV among others).
On Monday, April 11, the highly anticipated $43 billion merger of WarnerMedia and Discovery was set to officially close. WarnerMedia not only owns HBO Max, but also linear network HBO, CNN (as ...
[14] [15] On May 17, 2021, nearly three years after the acquisition, AT&T decided to leave the entertainment business by announcing that it had proposed to sell its ownership of WarnerMedia in a merger with Discovery, Inc. to form a new publicly traded company, Warner Bros. Discovery. The deal closed on April 8, 2022.
Warner Bros. Discovery hopes a split will lead to a better chance of making it whole. The company said Thursday that it would, going forward, “serve as the parent company for two distinct ...
Warner Bros Discovery is betting the Comcast agreement, together with a deal reached this year with cable and broadband provider Charter, will be a template for future negotiations with distributors.