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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.
Warner Bros. Discovery. Warner Bros. Discovery is an American multinational mass media and entertainment conglomerate based in New York City. The company works in the following areas: film, television, cable networks and publishing operations. The following is a list of major assets that are owned by Warner Bros. Discovery.
The telecom giant revealed it will issue a special dividend to shareholders on April 5 when they can decide whether to own just AT&T, the soon-to-be Warner Bros. Discovery, or both.
Warner Bros. Discovery's stock rose more than 10% to $7.66 a share in Thursday trading. The two companies also were eager to reach an early agreement and avoid further turmoil in the pay-TV industry.
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.
David Zaslav, president and CEO of Warner Bros. Discovery, sold just over $30 million worth of his stock holdings in the media conglomerate — the first time he’s cashed in shares of the media ...