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On the earnings call, WBD management said revenue growth, profit growth, and subscriber growth are expected to continue in the current quarter with Q3 serving as a "material inflection point."
Warner Bros. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City.It was formed from WarnerMedia's spin-off by AT&T and merger with Discovery, Inc. on April 8, 2022.
Suffice it to say that once the company spins off its Warner Media division and combines it with Discovery Inc (NASDAQ:DISCA), the dividend will be cut. That should occur sometime in 2022.
Zaslav sold 2.564 million shares of WBD Series A common stock on Dec. 16 at an average weighted price of $11.73/share, totaling $30,075,720, according to an SEC filing Wednesday.
In contrast to WBD's plans to keep Discovery+ operational in at least the United States, Warner Bros. Discovery Asia-Pacific announced in March 2023 that Discovery+ would be discontinued in the Philippines on April 27, 2023, in favor of the local HBO Go service; WBD had announced an Asia-Pacific launch for Max on November 19, 2024. [25] [26 ...
Despite spinning off Time Inc. in 2014, the company retained the Time Warner name until 2018, when the company was renamed WarnerMedia after it was acquired by AT&T. [7] On October 22, 2016, AT&T officially announced that they intended on acquiring Time Warner for $85.4 billion (or $108.7 billion when including assumed Time Warner debt ...
Warner Bros. Discovery, CNN’s corporate parent, announced Thursday it is establishing a new corporate structure that splits off its cable networks from its growing streaming business.
AOL - spun-off in 2009 and acquired by Verizon Communications in 2015, thus operating under the latter's media division from 2017 to 2021. AOL is now owned by Apollo Global Management. (through 90% of Yahoo! Inc.) Atari, Inc. - sold to Jack Tramiel on July 1, 1984, for 50 dollars cash and 240 million in stock and notes. ACC Select