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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 ...
Investors are calling foul over Warner Bros. Discovery's loss of its NBA media rights deal. A lawsuit filed this week in New York federal court alleges that shareholders suffered "significant ...
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 has been struggling since the business was formed through a merger in 2022. It is burdened with billions of debt and facing headwinds from the decline of linear media.
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).
Warner Bros. Discovery CEO David Zaslav maintained on the company's earnings call that profitability within its streaming unit will be positive in the second half of the year with "even greater ...
The NBA has reportedly agreed to terms for its next media rights deal — and it looks like Warner Bros. Discovery's TNT Network could lose out.. If true, it will be a gut punch for the legacy ...
Warner Bros. Discovery’s shares sank 19% on Wednesday on disappointing earnings that showed declining ad revenue that it blamed on high interest rates and the Hollywood strikes.. On top of that ...