In this article Jaylen Brown, #7 of the Boston Celtics, shoots a three-point basket against the Dallas Mavericks during Game 5 of the 2024 NBA Finals at TD Garden in Boston on June 17, 2024. With National Basketball Association media rights approaching final form, Warner Bros. Discovery is about to make its play. A TNT spokesperson confirmed the receipt of the documents and acknowledged the company is currently reviewing the terms. Warner Bros. Discovery received the contract framework on Wednesday night, a ...

About this content Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The Canberra Times, an ...

Investors in Warner Bros. appear excited about the prospect of the company splitting off its streaming division. These reports sent shares of WBD 6.6% higher on Thursday morning. We are offering up insight into all of the biggest stock market news that traders need to know about on Thursday! Among that is what has shares of NKGen Biotech (NASDAQ:NKGN), Trump Media & Technology Group (NASDAQ:DJT) and Agenus (NASDAQ:AGEN) stock moving today. You can find out more on these matters down below! Warner Bros. (NAS ...

The media giant's market capitalization has fallen by a third to about $20 billion, and its stock has plunged nearly 70% since the company was formed via a merger between Warner Bros. and Discovery in 2022. 4 Warner Bros. DIscovery CEO David Zaslav is reportedly considering strategic options for his company, including a potential split of the TV assets from the streaming service and movie studio. REUTERS This could help its faster-growing streaming service spin off and achieve a higher valuation multiple, b ...

Since the merger between Warner Bros. and Discovery in 2022 — which brought CNN, HBO, TNT, TBS, Food Network and movie studio Warner Bros. under one roof — that company's stock has plunged 67%. WBD faces financial headwinds at its linear business, a soft advertising environment and from last year's Hollywood strikes. It also is on the verge of losing its long-running NBA media rights to Amazon and NBC. That could allow its streaming service and studio assets to grow as a standalone company. The company is a ...

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Investors should also take note of any recent adjustments to analyst estimates for Warner Bros. Discovery. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track ...

Loading... Loading... Warner Bros. Discovery, Inc. WBD is grappling with a significant decline, trading near its 52-week low of $6.94, which it reached on June 20. The stock has plummeted 42.45% over the past year and 38.31% year-todate, highlighting the company's struggle to regain its footing in a fiercely competitive media and entertainment landscape. House Of The Dragon – Can This Fire Up The Stock? As part of a bold promotional campaign, HBO, a Warner Bros. subsidiary, has placed a colossal 270-foot ba ...

"At this transformative time in our industry, Robert is the right leader to assume this new, critical global role, as we continue to grow the Warner Bros. Discovery brand and presence around the world," said Zaslav. "Robert is an insightful and respected leader with experience spanning Fortune 500 companies, the White House, and winning political campaigns. He will be an invaluable part of the team as we create the most captivating stories and content for consumers around the world. I am thrilled to welcome ...

Warner Bros. Discovery (WBD) closed the latest trading day at $7.24, indicating a -0.69% change from the previous session's end. This change lagged the S&P 500's 0.04% loss on the day. At the same time, the Dow lost 0.15%, and the tech-heavy Nasdaq gained 0.12%. Market participants will be closely following the financial results of Warner Bros. Discovery in its upcoming release. The company is predicted to post an EPS of -$0.16, indicating a 68.63% growth compared to the equivalent quarter last year. Meanwh ...

Warner Bros. Discovery on Tuesday announced a 10-year contract with the French Tennis Federation to broadcast the French Open in the U.S. beginning in 2025. The deal reportedly is worth about $65 million per year. WBD, which will be taking over the rights from NBC and Tennis Channel, will broadcast the Grand Slam event on its TNT, TBS, and truTV networks, as well as its Max streaming service. The news comes as WBD's TNT is trying to retain valuable NBA rights it's held since 1989. The company said the deal ...