NEW YORK, NY / ACCESSWIRE / November 26, 2024 / Pomerantz LLP announces that a class action lawsuit has been filed against Warner Bros. Discovery, Inc. ("WBD" or the "Company") (NASDAQ:WBD) and certain officers.
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.
NEW YORK CITY, NY / ACCESSWIRE / November 25, 2024 / Pomerantz LLP announces that a class action lawsuit has been filed against Warner Bros. Discovery, Inc. ("WBD" or the "Company") (NASDAQ:WBD) and certain officers.
WBD suffers from declining revenues and domestic general entertainment audience. Despite an expanded partner base, these should keep investors on the sidelines.
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.
Shares of Warner Bros. Discovery, Inc. WBD are trading higher Monday.
CNBC's David Faber reports on news from Warner Bros. Discovery and the NBA.
The NBA and Warner Bros. Discovery have reached a settlement that will allow the league to move forward with Disney, Comcast's NBCUniversal and Amazon as its media partners.
Insiders, including key officers, have been net buyers of Warner Bros. Discovery stock. Purchases include significant acquisitions by the President, International. The settlement of the NBA dispute removes a huge unknown from the future of the company.
Warner Bros Discovery has settled its breach of contract lawsuit against the National Basketball Association (NBA), the Wall Street Journal reported on Saturday, citing people familiar with the matter.
Analysts believe CNN makes what looks like a decent amount of money, around $750 million this year. Sounds good until you realize that's down from over $1 billion in 2020.
Zacks.com users have recently been watching Warner Bros. Discovery (WBD) quite a bit.