With a market cap of $44.5 billion, Warner Bros. Discovery, Inc. (WBD) is a global media and entertainment company, delivering a diverse portfolio of content across television, film, streaming, and gaming. The company operates through three core segments: Studios; Networks; and Direct-to-Consumer (DTC), with leading brands such as HBO, Max, CNN, Discovery Channel, Warner Bros. Pictures, DC, HGTV, and Cartoon Network. Companies valued $10 billion or more are generally considered “large-cap” stocks, and War ...

Core Insights - Warner Bros. Discovery, Inc. will have its President and CEO David Zaslav and CFO Gunnar Wiedenfels present at upcoming conferences in September 2025 [1][2]. Group 1: Conference Details - Gunnar Wiedenfels will present at the Bank of America Securities 2025 Media, Communications & Entertainment Conference on September 3, 2025, at 1:10 p.m. ET [2]. - David Zaslav will present at the Goldman Sachs Communacopia + Technology Conference on September 10, 2025, at 11:50 a.m. ET [2]. Group 2: Webcast Information - A live webcast of the presentations will be available in the "Investor Relations" section of Warner Bros. Discovery's website, with an on-demand replay accessible shortly after the presentations [3]. Group 3: Company Overview - Warner Bros. Discovery is a leading global media and entertainment company, offering a diverse portfolio of branded content across various platforms including television, film, streaming, and gaming [4]. - The company features iconic brands such as Discovery Channel, HBO Max, CNN, and many others, aiming to inspire, inform, and entertain audiences worldwide [4].

Financial Results - Warner Bros. Discovery, Inc. reported financial results for the quarter ended June 30, 2025 [1] - A conference call to discuss the results was scheduled for today at 8:00 a.m. ET [2] Conference Call Details - A telephone replay of the call will be available approximately two hours after the completion of the call until August 14, 2025 [3] - The replay can be accessed via phone or through the audio webcast available on the company's website for twelve months [3] Company Overview - Warner Bros. Discovery is a leading global media and entertainment company with a diverse portfolio of branded content across various platforms including television, film, streaming, and gaming [4] - The company operates iconic brands such as Discovery Channel, HBO Max, CNN, and many others [4]

Group 1 - Warner Bros. Discovery, Inc. will report its second quarter 2025 results on August 7, 2025, before the market opens [1] - A conference call to discuss the results will be held at 8:00 a.m. ET on the same day [1] - The company provides access to a telephone replay of the call and an audio webcast for twelve months [2] Group 2 - Warner Bros. Discovery is a leading global media and entertainment company with a diverse portfolio of brands and products [3] - The company operates in over 220 countries and territories, offering content in 50 languages [3] - Key brands include Discovery Channel, Max, CNN, HBO, and Cartoon Network among others [3]

Core Points - Warner Bros. Discovery, Inc. announced early participation results for its tender offers to purchase outstanding notes and debentures through its subsidiaries [1][2] - The tender offers commenced on June 9, 2025, with a deadline for withdrawal set for June 23, 2025 [2][3] - The company received requisite consents for proposed amendments to the indentures governing the notes by June 13, 2025 [2] Summary by Sections Tender Offers - The tender offers are aimed at purchasing substantially all outstanding notes and debentures for cash [1] - The aggregate principal amount of each series of notes validly tendered and not withdrawn is detailed in a table [4] - The withdrawal deadline for tendered notes was set at 5:00 p.m. on June 23, 2025, after which notes could not be withdrawn except under limited circumstances [3] Participation Results - As of the early tender deadline, various series of notes were tendered, including: - $516,541,000 of 4.900% Senior Notes due 2026 - €463,042,000 of 1.90% Senior Notes due 2027 - $3,780,983,000 of 3.755% Senior Notes due 2027 [4] - The company expects to accept certain notes on a prorated basis due to the aggregate principal amount exceeding the tender caps [12][13][14] Consent Solicitation - The company received requisite consents for proposed amendments to the indentures governing the notes, leading to the execution of supplemental indentures [2] - Holders of notes that were not fully accepted due to proration may receive Amended Notes [12][13][14] Financial Considerations - The total consideration for each series of notes will be determined and publicly announced on June 24, 2025 [11] - The offers will expire at 5:00 p.m. on July 9, 2025, unless extended [11]

Core Viewpoint - Warner Bros. Discovery, Inc. has received the necessary consents to adopt proposed amendments related to its cash tender offers and consent solicitations [1][2] Group 1: Tender Offers and Consent Solicitations - The consent expiration time was set for June 13, 2025, at 5:00 p.m. New York City time, during which valid tender instructions and consent only instructions were delivered [2][3] - Holders of tendered consent fee eligible notes that did not withdraw their tender instructions are eligible for a consent payment [8] - The offers and consent solicitations are subject to the conditions outlined in the Offer to Purchase and Consent Solicitation Statement [9] Group 2: Financial Details - The principal amount of various senior notes and their respective consent percentages were detailed, including: - 4.900% Senior Notes due 2026 with a principal amount of $650 million and 79.47% consents delivered [4] - 1.90% Senior Notes due 2027 with a principal amount of €600 million and 77.17% consents delivered [4] - 3.755% Senior Notes due 2027 with a principal amount of $4 billion and 94.52% consents delivered [4] - The company intends to exercise its early settlement right to settle all notes validly tendered by the early tender deadline of June 23, 2025 [12] Group 3: Legal and Management - J.P. Morgan Securities LLC and J.P. Morgan Securities plc are acting as lead dealer managers for the offers and consent solicitations [13] - Kirkland & Ellis LLP is serving as legal counsel to the issuers, while Simpson Thacher & Bartlett LLP is legal counsel to the dealer managers [13]

Core Points - Warner Bros. Discovery, Inc. has initiated offers to purchase outstanding notes and debentures totaling up to $14.6 billion, along with soliciting consents for proposed amendments to the indentures governing these notes [1][2][3] Group 1: Offer Details - The offers will expire at 5:00 p.m. New York City time on July 9, 2025, unless extended or terminated earlier [2] - To receive the Total Consideration, holders must validly tender their notes by June 23, 2025, to be eligible for the Early Tender Premium [2][3] - Holders who tender notes after the Early Tender Deadline will receive the Tender Offer Consideration, which is the Total Consideration minus the Early Tender Premium [2] Group 2: Consent Solicitation - The company is soliciting consents from holders of certain series of notes to adopt proposed amendments, with a Consent Expiration Time set for June 13, 2025 [2][3] - Holders of specific notes can deliver Consent Only Instructions without tendering their notes [3][4] - The Total Consideration for each series of notes will be determined on June 24, 2025, unless extended [2][3] Group 3: Financial Details - The aggregate purchase price for the offers is capped at $14.6 billion, subject to Pool Tender Caps and SubCaps [1][3] - Specific notes have different acceptance priority levels, with the highest priority being level 1 [3][4] - The Total Consideration includes an Early Tender Premium of $50 per $1,000 principal amount for eligible notes [2][3]

Group 1 - Warner Bros. Discovery's CFO Gunnar Wiedenfels will present at MoffettNathanson's 2025 Media, Internet and Communications Conference on May 15, 2025 [1] - A live webcast of the presentation will be available on the company's Investor Relations website, with an on-demand replay shortly after the presentation [2] - Warner Bros. Discovery is a leading global media and entertainment company, offering a diverse portfolio of branded content across various platforms including television, film, streaming, and gaming [3]

Financial Results - Warner Bros. Discovery, Inc. reported financial results for the quarter ended March 31, 2025 [1] - A conference call to discuss the results was scheduled for today at 8:30 a.m. ET [2] Conference Call Details - A telephone replay of the call will be available approximately two hours after the completion of the call until May 15, 2025 [3] - The replay can be accessed via phone using specific numbers and a passcode [3] Company Overview - Warner Bros. Discovery is a leading global media and entertainment company with a diverse portfolio of branded content across various platforms [4] - The company operates in over 220 countries and territories, offering content in 50 languages [4] - Key brands include Discovery Channel, Max, CNN, HBO, and many others [4]

Core Viewpoint - Warner Bros. Discovery, Inc. plans to appoint Anton Levy as an independent director to its Board of Directors in connection with the 2025 Annual Meeting of Stockholders, following a thorough search process led by the Nominating and Corporate Governance Committee [1][3]. Group 1: Appointment Details - Anton Levy is currently an Advisory Director at General Atlantic and has previously held senior leadership roles, including Co-President and Chairman of Global Technology [2][4]. - Levy has a strong investment background, having led significant investments in major technology companies such as Airbnb, Alibaba Group, and Uber, contributing to his reputation for value creation [2][4]. Group 2: Corporate Governance and Strategy - The addition of Levy aligns with Warner Bros. Discovery's commitment to enhancing its board with industry experts who have proven track records in value creation [3]. - The company is focused on improving performance and positioning its businesses for success in a changing industry landscape, with confidence that Levy will provide valuable insights [3]. Group 3: Company Background - Warner Bros. Discovery is a leading global media and entertainment company, creating and distributing a diverse portfolio of branded content across various platforms, including television, film, and streaming [5]. - The company operates in over 220 countries and territories, offering content in 50 languages through iconic brands such as CNN, HBO, and Discovery Channel [5].