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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 with Discovery, Inc. on April 8, 2022.
As a result, AT&T shareholders received 1.7 billion shares of WBD, representing 71% of WBD shares on a fully diluted basis.” AT&T had put in the disclaimer “$43 billion (subject to adjustments ...
On May 17, 2021, three years after the acquisition, AT&T decided to sell its ownership of WarnerMedia in a merger with Discovery, Inc. to form a new publicly traded company, Warner Bros. Discovery. On April 8, 2022, WarnerMedia was divested by AT&T and merged with Discovery, Inc. to form Warner Bros. Discovery (WBD).
These are Warner Bros. Discovery divisions which have been closed or folded into another part of the company. 3net - 3D television channel jointly owned with Sony and IMAX Corporation; operated from 2011 to 2014; 7food network; AT&T SportsNet - shut down on October 21, 2023 [48] [49] AT&T SportsNet Pittsburgh - sold to Fenway Sports Group
Q3 revenue in Warner Bros. Discovery’s direct-to-consumer streaming segment rose 9% to $2.6 billion, and adjusted earnings came in at $289 million, a $178 million increase from the year-prior ...
WBD said it has paid down $9 billion in debt since the merger, including $1.6 billion in the second quarter. The company also announced on Thursday it plans to retire up to more than $2.7 billion ...
In his first earnings report since an April merger created one of the largest media companies in the U.S., on Aug. 4 Warner Bros. Discovery (WBD) CEO David Zaslav announced plans to combine HBO Max...
On the bottom line, WBD reported a 15% decline in adjusted earnings before interest, taxes, depreciation, and amortization to $1.8 billion. Excluding the impairments, WBD reported an operating ...