Warner Bros Discovery's sports network TNT Sports, which is re-bidding for the broadcast rights for National Basketball Association games, said on Monday it had matched an offer from one of the competing broadcasters and may secure the rights to broadcast the games.
Moviegoers ran toward the tornadoes this weekend, propelling “Twisters” to a blockbuster opening. The standalone sequel to the 1996 hit made $80.5 million in ticket sales from 4,151 theaters in North America, according to studio estimates Sunday.
Warner Bros. Discovery (WBD) reachead $8.67 at the closing of the latest trading day, reflecting a +1.76% change compared to its last close.
Warner Bros. Discovery (WBD) stock rose Friday, lifted by a a Financial Times report saying the company might separate its movie studio and Max streaming service from its legacy TV networks.
Media giant Warner Bros. Discovery is struggling to produce growth.
Discovery merged with WarnerMedia back in 2022 to create Warner Bros Discovery. Investors hate the outcome.
Warner Bros. Discovery received paperwork from the NBA on Wednesday night, starting a five-day window where it can use its matching rights on a package of NBA games.
Warner Bros Discovery Inc (NASDAQ:WBD, ETR:J5A) is considering a plan to spin off its digital streaming and movie studio businesses from its TV networks to lift its share price, according to a Financial Times report on Thursday. Investors welcomed news of the break-up plan, which Bank of American Global Research analysts said could yield greater shareholder value, sending shares of Warner Bros Discovery up 5.2% at US$8.76 in the early afternoon.
Warner Bros. (NASDAQ: WBD ) stock is in the news Thursday as investors react to reports that the entertainment company is considering a spinoff of its streaming division.
Warner Bros. Discovery, the parent company of CNN and HBO, is reportedly weighing a plan to split its digital streaming and studio businesses from its legacy television networks in order to boost its sinking share price — just two years after the mega-merger.
24/7 Insights Reports indicate that Warner Bros. Discovery Inc.
NBA incumbent Warner Bros. Discovery plans to match Amazon's new basketball rights deal that's said to be in the $1.8 billion range, Deadline hears.