A shareholder has sued Warner Bros. Discovery, the soon-to-be former home of the NBA, for violating securities law by misleading investors on the impact of losing its long-standing rights deal with the league. Richard Collura filed the suit in New York federal court seeking class action status on behalf of shareholders who purchased WBD stock between February 23 and August 7 of 2024, which is when the media giant took a massive $9.1 billion write-down at its networks segment related in part, it said, to lo ...

NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Warner Bros. Discovery, Inc. (“Warner Bros.” or the “Company”) (NASDAQ: WBD) securities between February 23, 2024 and August 7, 2024, inclusive (the “Class Period”). The lawsuit seeks to recover damages for the Company’s investors ...

Warner Bros. Discovery (WBD) shares have dipped 16.7% year to date, underperforming the broader Zacks Consumer Discretionary sector’s return of 10.9%. WBD shares have also lagged the Zacks Broadcast Radio and Television industry’s growth of 44.3% and its peers Netflix (NFLX) , Fox (FOXA) and Townsquare Media (TSQ) . Over the same time frame, shares of NFLX and FOXA have gained 79.1% and 54.2%, respectively, while shares of Townsquare fell 6.2%.During the nine months ended Sept. 30, 2024, WBD revenues fell 6 ...

Analysts praised the agreement reached this week between Warner Bros. Discovery WBD rand the National Basketball Association (NBA) that will see an extension of the two company's partnership for 11 years.As part of the deal, TNT Sports will be licensed to other companies and Warner Bros. will get exclusive rights to NBA games in some international markets. The deal will also see ESPN, a unit of The Walt Disney Company DIS, partner with Warner Bros. to license the popular basketball studio show "Inside the N ...

Shares of Warner Bros. Discovery, Inc. WBD are trading higher Monday. The company said it has reached a deal with the National Basketball Association. The agreement will extend the media partnership for an additional 11 years. Warner Bros also said that it has resolved all recent disputes related to the NBA's media agreement.This development has made Warner Bros. our Stock of the Day.Warner Bros sued the NBA in July. This occurred after the league gave broadcast rights to Comcast Corporation CMCSA, ESPN, an ...

Warner Bros. Discovery agreed to end its quest to own a package of live National Basketball Association games in the U.S. for the 2025-26 season and beyond, settling all of its legal disputes with the league.Warner Bros. Discovery sued the NBA in July, claiming the league failed to allow the media company to use its so-called matching rights on a package of live games.The league selected three media partners — Disney, Comcast's NBCUniversal and Amazon Prime Video — to be its U.S. distributors of live games ...

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Things might look gloomy at CNN with layoffs, salary cuts and a new digital programming model that may or may not work. But On The Money has learned that private equity firms have been crunching the numbers on a possible acquisition of the ratings-challenged network.Don’t exactly hold your breath for anything happening soon, my sources both at CNN and in the private equity business tell me. The network’s parent, Warner Bros Discovery, isn’t yet shopping CNN.Indeed, no firm has made a bid, my sources tell me ...

Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Warner Bros. Discovery (NASDAQ: WBD ) is one of the largest media companies in America. The company was spun off from AT&T and has one of the largest cont ...

Warner Bros. Discovery (WBD) stock rose nearly 12% after the company reported strong streaming results in the third quarter of 2024, including its largest-ever quarterly subscriber growth since the launch of Max. However, revenues missed expectations as the media giant struggled with a drop in its studios segment and continued declines from its linear TV business.Revenues came in at $9.62 billion, missing the Zacks Consensus Estimate by 3.4% and declining 3.6% year over year. The company reported adjusted e ...