NEW YORK, Jan. 6, 2025 /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=120446&from=4CLASS PERIOD: Febru ...

Class Action Lawsuit Details - Rosen Law Firm reminds purchasers of Warner Bros Discovery Inc (WBD) securities between February 23 2024 and August 7 2024 of the January 24 2025 lead plaintiff deadline [1] - Purchasers during the Class Period may be entitled to compensation without out of pocket fees through a contingency fee arrangement [1] - A class action lawsuit has been filed and investors must move the Court by January 24 2025 to serve as lead plaintiff [2] Rosen Law Firm Credentials - Rosen Law Firm represents global investors in securities class actions and shareholder derivative litigation [3] - The firm achieved the largest ever securities class action settlement against a Chinese company and ranked No 1 by ISS Securities Class Action Services in 2017 [3] - Rosen Law Firm has been in the top 4 annually since 2013 recovering hundreds of millions for investors including over $438 million in 2019 [3] Allegations Against Warner Bros Discovery - Defendants allegedly made false or misleading statements and failed to disclose material information during the Class Period [4] - WBD's sports rights negotiations with the NBA were causing significant business and goodwill reevaluation [4] - WBD's Networks segment goodwill deteriorated due to market capitalization vs book value differences US advertising market softness and affiliate and sports rights renewal uncertainties [4] - These factors increased the likelihood of billions in goodwill impairment charges and overstated WBD's business and financial prospects [4] - Investors allegedly suffered damages when the true details entered the market [4]

Warner Bros. Discovery Inc. NASDAQ: WBD is a major entertainment and media company that owns high-profile entertainment brands and IPs. The consumer discretionary sector Goliath was formed through a merger of the AT&T Inc. NYSE: T spin-off of WarnerMedia and Discovery Inc. in April 2022. For the telecom giant AT&T, it was a way to offload $43 billion in debt and receive $40.4 billion in cash on the deal to refocus on its core telecommunications business. Discovery was able to massively scale up its content ...

NEW YORK, Dec. 26, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Warner Bros. Discovery, Inc. (NASDAQ: WBD) between February 23, 2024 and August 7, 2024, both dates inclusive (the “Class Period”), of the important January 24, 2025 lead plaintiff deadline. SO WHAT: If you purchased WBD securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrang ...

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].

NEW YORK, Dec. 18, 2024 (GLOBE NEWSWIRE) -- 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=117006&from=3 CLASS PERI ...

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].