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WBD Jun 2024 27.500 call
| Previous close | 0.0100 |
| Open | 0.0200 |
| Bid | 0.0000 |
| Ask | 0.0200 |
| Strike | 27.50 |
| Expiry date | 2024-06-21 |
| Day's range | 0.0200 - 0.0200 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.15k |
- Yahoo Finance Video
Warner Bros. Discovery 'hopeful' for NBA deal
Warner Bros. Discovery (WBD) is reportedly at risk of losing NBA media rights to competitor NBCUniversal. Yahoo Finance's Alexandra Canal reports more on the story and what it could mean for Warner Bros. Discovery's future. In the company's earnings call, CEO David Zaslav said, "We've enjoyed a strong partnership with the NBA for almost four decades. We're in continuing conversations with them now, and we're hopeful that we'll be able to reach an agreement that makes sense for both sides." NBCUniversal is reportedly willing to offer more than double what Warner Bros. Discovery currently pays for the rights. Zaslav added that the company is able to match third-party offers before the NBA enters into any agreements and is prepared for the potential outcomes that could result in the process. Warner Bros. Discovery is currently facing a decline in its linear networks, with advertising revenue falling 11% year-over-year in the quarter. The company could face detrimental outcomes if NBC outbids it for NBA rights. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
- Yahoo Finance Video
Disney scrambling for growth drivers with WBD bundle: Analyst
Disney (DIS) and Warner Bros. Discovery (WBD) will launch a new streaming service bundle including Disney+, Hulu, and Max in one package. The bundle is set to launch sometime in the summer and will mark the first cross-company partnership in streaming. CFRA Research Director of Equity Research Ken Leon and Third Bridge Sector Analyst Jamie Lumley join Market Domination to discuss the advent of a Warner Bros. Discovery and Disney partnership and how it can impact the streaming landscape. Lumley comments on Disney's profitability and search for growth with this deal: "They are now at profitability in their entertainment streaming segment... they are roughly on schedule for the profitability metrics they set out when they launched Disney+ back in 2019. But they're definitely scrambling for growth drivers here. If you look at the subscriber additions they had, there were 6 million core Disney+ subscribers added. But a lot of that is attributed to the Charter Communications (CHTR) deal, which was set up last year. And there could be some softness going forward." Leon offers this insight on the streaming landscape as a whole: "I think they're all de-risking. They're reducing capital, and they're going to say, 'gee, Netflix (NFLX) is a winner, large technology companies can play here. What can we do for two things?' One, try to grow subscribers, and two, try to get advertising revenue. So that's where bundle comes in. But it's only going to be maybe a number 3 or 4. There's going to be a lot of players that are really not going to make it in this game, because it's just not as attractive as before. " For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
PR NewswireWARNER BROS. DISCOVERY ANNOUNCES CONFERENCE PARTICIPATION FOR THE MONTH OF MAY
Warner Bros. Discovery, Inc. (Nasdaq: WBD) today announced that its President of International Gerhard Zeiler and its Chief Financial Officer Gunnar Wiedenfels will each present at media industry conferences during the month of May.
