The Latest Breaking News from WBD

BT Group Plc (OTC:BTGOF) concluded its long-awaited deal with Warner Bros Discovery, Inc (NASDAQ:WBD) to form a joint venture for its sports business as it reinstated its full-year dividend. BT will receive £93 million from Warner Bros Discovery and up to £540 million on an earn-out subject to the accomplishment of specific goals. In February, BT announced…

Despite posting solid earnings growth, shares of Warner Bros. Discovery (WBD) slid nearly 12% in price after the company published its most recent quarterly report. However, given the recent merger between WarnerMedia and Discovery, can the stock rebound in the near term? Read on.

Last week Netflix reported significant subscriber loss, due to account sharing, increasing inflation, and exit from Russia operations is expected to have a ripple effect in the streaming space, it could be wise to avoid Warner Bros. Discovery (WBD) and Paramount (PARA) that bank on streaming services.

Someone with a lot of money to spend has taken a bearish stance on Warner Bros.Discovery (NASDAQ:WBD). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Warner Bros. Discovery, Inc (NASDAQ: WBD) reported first-quarter  FY22 revenue growth of 15% ex-FX year-on-year to $3.16 billion. Advertising revenue was up 5% Y/Y to $1.48 billion, and distribution revenue grew 9% Y/Y to $1.42 billion.

Warner Bros.Discovery Inc (NASDAQ:WBD) is shutting down CNN's news streaming service CNN+ on April 30. The new management (formed after CNN's former parent company, WarnerMedia, merged with Discovery) decided to shut down the service following its March 29 launch. WBD CEO David Zaslav looks to house all of the company's brands under one…

Warner Bros.Discovery Inc (NASDAQ:WBD) suspended every external marketing spending for its recently launched streaming service CNN+ and laid off CNN's CFO Brad Ferrer, Axios reports. Discovery's current CFO for streaming and international, Neil Chugani, succeeded Ferrer. The report added that Warner Bros. Discovery looks to eliminate other high-level positions at WarnerMedia across…

Fewer than 10,000 people have watched Warner Bros.Discovery Inc's (NASDAQ:WBD) streaming service CNN+ daily since its March 29 launch, CNBC reports. Warner Bros. Discovery looks to cut hundreds of millions of investment dollars for the service, given concern over its future.  Incoming CNN chief Chris Licht will join Warner Bros. Discovery on May…

Warner Bros. Discovery (NASDAQ: WBD) has a strong management team and is getting ready to execute on multiple levels, according to BofA Securities.

In 2021, AT&T Inc (NYSE:T) and Discovery Inc agreed to merge AT&T's WarnerMedia assets with Discovery Inc's platform to create a standalone global entertainment company, now known as Warner Bros.Discovery Inc (NASDAQ:WBD). Analysts are now comparing the new media firm with The Walt Disney Co (NYSE:DIS). Evercore ISI analyst Vijay Jayant upgraded WBD to Outperform from In-Line with a price target of $40,…

Depending on your quote provider, shares of AT&T (NYSE: T) may have been trading lower by $4.52 or higher by roughly $1.38 at $19.60 Monday. The reason for the disparity in price makes AT&T the PreMarket Prep Stock of the Day.