The Latest Breaking News from WBD

The firm's 420 employees have now moved out of their old Quayside offices and into their new home at Newcastle Helix

Nexstar Media Group, Inc (NASDAQ:NXST) is on the verge of acquiring majority control of the CW Network from Warner Bros. Discovery, Inc (NASDAQ:WBD) and Paramount Global (NASDAQ:PARA), the Wall Street Journal reports. The leading owner of local television stations would acquire 75% of the CW, a broadcast network aimed primarily at teens and young adults, with…

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) could downsize up to 30% or nearly 1,000 jobs in its global advertising sales team, Reuters reports. Warner offered members of its U.S. advertising sales team an option to leave the company voluntarily. The global advertising sales team has ~3,000 members. Also Read: Warner Bros. Discovery Registers 15%…

AT&T Inc (NYSE:T) reportedly dropped the free HBO Max promotion from its Unlimited Elite plan for its new top-tier plan, "Unlimited Premium."  AT&T previously bundled HBO Max as a free "value-added" service since May 2020. It represented a critical go-to-market message over the last two years under AT&T's ownership of Warner Bros. Discovery, Inc (NASDAQ:WBD). …

BT Group Plc's (OTC:BTGOF) £633 million ($797 million) sports TV joint venture with Warner Bros Discovery, Inc (NASDAQ:WBD) is subject to antitrust scrutiny from the U.K.'s competition watchdog, Bloomberg reports. The Competition and Markets Authority enquired whether the transaction could raise competition concerns.  Accordingly, CMA will decide whether to move to an in-depth probe…

Companies making announcements this week include Womble Bond Dickinson, Vistry Partnerships North East and Swinburne Maddison

With the increasing penetration of blockchain-based digital assets and streaming services, the entertainment industry is poised to grow. So, Comcast Corporation (CMCSA) and Warner Bros. Discovery (WBD) should benefit. But which of these two stocks is a better buy now? Read more to learn our view.

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.