Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Warner Bros. Discovery To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $100,000 in Warner Bros. Discovery between February 23, 2024 and August 7, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Dec. 17, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Warner Bros. Discovery, Inc. ("Warner Bros." or the "Company") (NASDAQ: WBD) investors of a class action representing investors that bought securities between February 23, 2024 and August 7, 2024, inclusive (the "Class Period"). Warner Bros. investors have until January 24, 2025 to file a lead plaintiff motion. Investors are encouraged to conta ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Warner Bros. Discovery, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's financial health and goodwill [1][2]. Group 1: Allegations and Financial Impact - The complaint alleges that during the class period from February 23, 2024, to August 7, 2024, WBD's negotiations for sports rights with the NBA were likely to cause a significant reevaluation of its business and goodwill [2]. - It is claimed that WBD's goodwill in its Networks segment has significantly deteriorated due to the disparity between its market capitalization and book value, ongoing softness in certain U.S. advertising markets, and uncertainties regarding affiliate and sports rights renewals [2]. - The allegations suggest that these factors have increased the likelihood of WBD incurring billions of dollars in goodwill impairment charges, leading to an overstatement of the company's overall business and financial prospects [2]. Group 2: Class Action Participation - Shareholders who purchased WBD shares during the specified class period are encouraged to register for the class action, with a deadline for lead plaintiff applications set for January 24, 2025 [3]. - Once registered, shareholders will be enrolled in a portfolio monitoring system to receive updates on the case's progress [3]. - Participation in the case incurs no cost or obligation for the shareholders [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit, fraud, and illegal business practices [4]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who have suffered losses due to misleading statements or omissions that inflated stock prices [4].

(Photo by Aleksander Kalka/NurPhoto via Getty Images)NurPhoto via Getty ImagesWarner Bros. Discovery announced a reorganization this morning that separates its limping but still lucrative cable networks from its streaming and other operations, clearing the way for additional dealmaking in the months ahead.“The new corporate structure will also increase optionality to pursue further value creation opportunities for both divisions in an evolving media landscape,” said the company’s release detailing the move. ...

Company Restructuring - Warner Bros Discovery is restructuring into two operating divisions: one focusing on legacy cable TV and the other on streaming and studios [1] - The streaming and studios unit will include Max, Discovery+, HBO, and Warner Bros studios, while the legacy cable unit will include networks like CNN, TNT, TBS, Food Network, and HGTV [2][3] - The new structure aims to better align the organization and enhance flexibility for future strategic opportunities in the evolving media landscape [4] - The restructuring is expected to be completed by mid-2025 [4] Streaming and Growth Strategy - Streaming services HBO and Discovery+ are central to the company's growth strategy [8] - The company currently has approximately 110 million global subscribers for its streaming services [9] - The restructuring separates the struggling cable business from the streaming and studios businesses to better compete with entertainment giants like Disney, Netflix, Apple, and Amazon [3][4] Cable TV Challenges - The cable TV unit has struggled as consumers shift from cable plans to streaming and advertisers move spending to digital platforms [10] - Earlier this year, the company took a $9.1 billion write-down on the value of its cable networks [10] - Despite challenges, the cable network unit remains the largest revenue generator, posting $15.4 billion in revenue in the first nine months of this year, down 3% year-over-year [12] Industry Trends and Strategic Opportunities - Media companies with cable TV businesses are exploring ways to manage declining divisions while focusing on growth areas [5] - The restructuring could position the company for future strategic opportunities, including potential mergers or acquisitions [1][11] - The company previously explored combining with Paramount Global, but Paramount opted to merge with Skydance Media instead, with the deal expected to close in the first half of 2025 [13] Market Speculation - Since the 2022 merger of Warner Media and Discovery, there has been speculation that the company could become an acquisition target or merge with another firm [12]

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Warner Bros. Discovery To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $100,000 in Warner Bros. Discovery between February 23, 2024 and August 7, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

KEY TAKEAWAYSWarner Bros. Discovery became the latest media giant hit by the rise of cord-cutting and streaming to announce a restructuring, with plans to split its TV business from its streaming and film studios.On Thursday, Warner Bros. Discovery said it will create two distinct operating divisions, one focused on global linear TV and the other housing its global streaming platform and film studios.Warner Bros. Discovery stock jumped over 13% in early trading Thursday following the news. Warner Bros. Disc ...

President and CEO of Warner Bros. Discovery, David Zaslav arrives for the world premiere of "The Flash" at Ovation Hollywood in Hollywood, California, on June 12, 2023.Warner Bros. Discovery on Thursday announced a restructuring plan to segment its business into linear and streaming units in a move that could simplify future consolidation.Shares of WBD were up roughly 15% in early trading Thursday.The company's new global linear networks division will house its networks of news, sports, scripted and unscrip ...

NEW YORK, Dec. 12, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Warner Bros. Discovery, Inc. (NASDAQ: WBD).Shareholders who purchased shares of WBD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/warner-bros-discovery-loss-submission-form/?id=115937&from=4 CLASS PERIOD: Feb ...