Warner Brothers Discovery (NASDAQ:WBD) is a major player in the entertainment industry, known for its vast library of films and television content. Recently, Raymond James downgraded WBD from an "Outperform" to an "Underperform" rating, with the stock priced at $28.80. This downgrade comes amid significant developments in the media acquisition landscape.Netflix Inc. has withdrawn its bid to acquire Warner Bros Discovery, allowing Paramount Skydance to proceed with its $111 billion acquisition. Netflix cited ...