NEW YORK, Dec. 26, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Warner Bros. Discovery, Inc. (NASDAQ: WBD).Shareholders who purchased shares of WBD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/warner-bros-discovery-loss-submission-form/?id=118143&from=4CLASS PERIOD: Febr ...

NEW YORK, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Warner Bros. Discovery, Inc. ("Warner Bros. Discovery" or the "Company") (NASDAQ: WBD) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Warner Bros. Discovery investors who were adversely affected by alleged securities fraud between February 23, 2024 and August 7, 2024. Follow the link below to get more information and be contacted by a member of our team: https://z ...

(Photo by Celal Gunes/Anadolu Agency via Getty Images)Anadolu Agency via Getty ImagesDeal OverviewOn December 12, 2024, Warner Bros. Discovery Inc. (NASDAQ: WBD, $10.63, Market capitalization: $26.1 billion), a global media and entertainment company, announced that its Board of Directors authorized the Company to implement a new corporate structure designed to enhance its strategic flexibility and create potential opportunities to unlock additional shareholder value (for more information, visit spinoffresea ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Warner Bros. Discovery, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's financial health and goodwill [1][2]. Group 1: Allegations and Financial Impact - The complaint alleges that during the class period from February 23, 2024, to August 7, 2024, Warner Bros. Discovery (WBD) made materially false and misleading statements [2]. - It is claimed that WBD's negotiations for sports rights with the NBA were likely to cause a significant reevaluation of its business and goodwill [2]. - The goodwill in WBD's Networks segment is reported to have significantly deteriorated due to the disparity between its market capitalization and book value, along with ongoing softness in certain U.S. advertising markets [2]. - The allegations suggest that WBD may incur billions of dollars in goodwill impairment charges as a result of these issues [2]. - Consequently, the defendants are accused of overstating WBD's overall business and financial prospects, leading to materially false and misleading public statements [2]. Group 2: Class Action Details - The deadline for shareholders to register for the class action is January 24, 2025, and there is no cost or obligation to participate [3]. - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case [3]. - The Gross Law Firm emphasizes its commitment to protecting investors' rights and ensuring responsible business practices [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Warner Bros. Discovery, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's financial health and goodwill [1][3]. Group 1: Allegations - The complaint alleges that during the class period from February 23, 2024, to August 7, 2024, Warner Bros. Discovery (WBD) made materially false and misleading statements [3]. - It is claimed that WBD's negotiations for sports rights with the NBA were likely to cause a significant reevaluation of its business and goodwill [3]. - The goodwill in WBD's Networks segment is said to have significantly deteriorated due to the disparity between its market capitalization and book value, along with ongoing softness in U.S. advertising markets and uncertainties regarding affiliate and sports rights renewals [3]. - The allegations suggest that these factors increased the likelihood of WBD incurring billions of dollars in goodwill impairment charges [3]. - Consequently, it is asserted that the defendants overstated WBD's overall business and financial prospects, making public statements materially false and misleading [3]. Group 2: Next Steps for Shareholders - Shareholders who purchased WBD shares during the specified class period are encouraged to register for the class action, with a deadline set for January 24, 2025 [4]. - Upon registration, shareholders will be enrolled in a portfolio monitoring system to receive updates on the case's status [4]. - There is no cost or obligation for shareholders to participate in this case [4].

Core Viewpoint - Warner Bros. Discovery (WBD) has experienced a significant increase in share price, driven by a growing subscriber base and strong content offerings, despite facing challenges in linear TV and studio performance [1][5]. Group 1: Subscriber Growth and Content Strategy - WBD's Direct-to-Consumer (D2C) segment, particularly the Max streaming platform, has shown impressive performance, contributing to long-term growth through strategic partnerships and original content [2]. - The partnership with Disney's Hulu has enhanced Max's market position and subscriber acquisition, with Max now available in 65 markets and boasting 110 million global subscribers [3]. - Popular titles such as House of the Dragon, The Penguin, and Dune: Prophecy are attracting a broad audience, while localized content offerings in international markets are enhancing global appeal [4]. Group 2: Financial Performance and Estimates - The Zacks Consensus Estimate for WBD's fourth-quarter 2024 revenues is $10.52 billion, reflecting a year-over-year growth of 2.31%, with earnings estimated at 7 cents per share [6]. - For the full year 2024, revenue estimates stand at $39.76 billion, indicating a year-over-year decline of 3.79%, with a projected loss of $4.37 per share [7]. Group 3: Challenges and Market Competition - WBD's linear television business is facing challenges due to a shift towards digital and on-demand content, impacting its performance in the United States [5]. - The company is also experiencing inconsistent performance in its Studios business, with underperforming films contributing to market pressures from competitors like Netflix and Amazon [5].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Warner Bros. Discovery To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $100,000 in Warner Bros. Discovery between February 23, 2024 and August 7, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Dec. 17, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Warner Bros. Discovery, Inc. ("Warner Bros." or the "Company") (NASDAQ: WBD) investors of a class action representing investors that bought securities between February 23, 2024 and August 7, 2024, inclusive (the "Class Period"). Warner Bros. investors have until January 24, 2025 to file a lead plaintiff motion. Investors are encouraged to conta ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Warner Bros. Discovery, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's financial health and goodwill [1][2]. Group 1: Allegations and Financial Impact - The complaint alleges that during the class period from February 23, 2024, to August 7, 2024, WBD's negotiations for sports rights with the NBA were likely to cause a significant reevaluation of its business and goodwill [2]. - It is claimed that WBD's goodwill in its Networks segment has significantly deteriorated due to the disparity between its market capitalization and book value, ongoing softness in certain U.S. advertising markets, and uncertainties regarding affiliate and sports rights renewals [2]. - The allegations suggest that these factors have increased the likelihood of WBD incurring billions of dollars in goodwill impairment charges, leading to an overstatement of the company's overall business and financial prospects [2]. Group 2: Class Action Participation - Shareholders who purchased WBD shares during the specified class period are encouraged to register for the class action, with a deadline for lead plaintiff applications set for January 24, 2025 [3]. - Once registered, shareholders will be enrolled in a portfolio monitoring system to receive updates on the case's progress [3]. - Participation in the case incurs no cost or obligation for the shareholders [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit, fraud, and illegal business practices [4]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who have suffered losses due to misleading statements or omissions that inflated stock prices [4].

(Photo by Aleksander Kalka/NurPhoto via Getty Images)NurPhoto via Getty ImagesWarner Bros. Discovery announced a reorganization this morning that separates its limping but still lucrative cable networks from its streaming and other operations, clearing the way for additional dealmaking in the months ahead.“The new corporate structure will also increase optionality to pursue further value creation opportunities for both divisions in an evolving media landscape,” said the company’s release detailing the move. ...