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 ...

NEW YORK, Dec. 19, 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=117264&from=4CLASS PERIOD: Febr ...

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 ...

Warner Bros. Discovery (WBD) shares have soared 19.9% in a month, outperforming the Zacks Consumer Discretionary sector’s return of 4% and the Zacks Broadcast Radio and Television industry’s return of 8.5%.WBD shares’ rise can be attributed to its growing subscriber base from Max and strong content, while challenges in linear TV and studio performance pose headwinds.Expanding Partner Base Aids WBD’s ProspectsWarner Bros. Discovery is positioning itself for long-term growth through strategic partnerships, in ...

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 ...

NEW YORK, Dec. 16, 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=116383&from=4 CLASS PERIOD: Feb ...

(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. ...

Company Restructuring - Warner Bros Discovery is restructuring into two operating divisions: one focusing on legacy cable TV and the other on streaming and studios [1] - The streaming and studios unit will include Max, Discovery+, HBO, and Warner Bros studios, while the legacy cable unit will include networks like CNN, TNT, TBS, Food Network, and HGTV [2][3] - The new structure aims to better align the organization and enhance flexibility for future strategic opportunities in the evolving media landscape [4] - The restructuring is expected to be completed by mid-2025 [4] Streaming and Growth Strategy - Streaming services HBO and Discovery+ are central to the company's growth strategy [8] - The company currently has approximately 110 million global subscribers for its streaming services [9] - The restructuring separates the struggling cable business from the streaming and studios businesses to better compete with entertainment giants like Disney, Netflix, Apple, and Amazon [3][4] Cable TV Challenges - The cable TV unit has struggled as consumers shift from cable plans to streaming and advertisers move spending to digital platforms [10] - Earlier this year, the company took a $9.1 billion write-down on the value of its cable networks [10] - Despite challenges, the cable network unit remains the largest revenue generator, posting $15.4 billion in revenue in the first nine months of this year, down 3% year-over-year [12] Industry Trends and Strategic Opportunities - Media companies with cable TV businesses are exploring ways to manage declining divisions while focusing on growth areas [5] - The restructuring could position the company for future strategic opportunities, including potential mergers or acquisitions [1][11] - The company previously explored combining with Paramount Global, but Paramount opted to merge with Skydance Media instead, with the deal expected to close in the first half of 2025 [13] Market Speculation - Since the 2022 merger of Warner Media and Discovery, there has been speculation that the company could become an acquisition target or merge with another firm [12]