Tag Archives: Bros

Warner Bros. Discovery (WBD) has a lot of questions to answer ahead of its earnings report on Thursday. The three-month-old streaming conglomerate, which is set to report its first quarterly earnings since the $43 billion merger, plans to lay off 70% of its development business, according to The Wrap, which cited “multiple insiders.” The news has fueled speculation when it comes to the future of HBO Max with sources telling The Wrap that CEO David Zaslav, known for his cost-cutting leadership… Source link

Newly-formed streaming giant Warner Bros. Discovery (WBD) officially began trading on the Nasdaq (^IXIC) on Monday, opening at $24.08 a share in its first day as a publicly-traded entity. Ahead of the company’s Wall Street debut, Evercore ISI Group upgraded the stock from In-line to Outperform, announcing a $40 price target. The $43 billion merger, which closed on Friday, solidifies Discovery CEO David Zaslav’s position as the company’s new chief. WarnerMedia CEO Jason Kilar departed upon the… Source link

All eyes are on AT&T’s (T) WarnerMedia spinoff with Discovery (DISCA). “This is going to be the most exciting story in the sector for the next few years,” Jessica Reif, research analyst at Bank of America, confidently told Yahoo Finance. The telecom giant revealed it will issue a special dividend to shareholders on April 5 when they can decide whether to own just AT&T, the soon-to-be Warner Bros. Discovery, or both. AT&T’s WarnerMedia will represent 71% of Warner Bros. Discover, and its… Source link

TipRanks Billionaire Ray Dalio Picks Up These 3 “Strong Buy” Stocks Sometimes, the experts will tell us what we already know. Ray Dalio, the founder of Bridgewater Associates, has built a legendary reputation in financial circles, for taking his firm from a home business in his two-bedroom apartment to the international hedge fund giant, employing over 1,500 people and managing more than $138 billion in total assets. But when questioned on how he did it, or how today’s investors can… Source link