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Two Warner Bros. Discovery WBD, +0.69% directors have resigned after antitrust officials raised the issue of them serving on the board of a competitor.
CNBC's Steve Kovack joins 'Closing Bell Overtime' with the latest breaking news on Warner Bros. Discovery.
Steven Miron and Steven Newhouse resigned from the Warner Bros. Discovery board of directors, effective immediately.
In the most recent trading session, Warner Bros. Discovery (WBD) closed at $8.46, indicating a +0.24% shift from the previous trading day.
Warner Bros. Discovery faces challenges in the media and entertainment sector, but its undervalued stock presents potential for value. The company's Networks segment is experiencing revenue declines due to disruptions in the pay-TV model, but the Studios and Direct-to-Consumer segments show promise. Despite risks and challenges, Warner Bros. Discovery's strong IP portfolio and global expansion strategy position it in the evolving industry.
Warner Bros Discovery said on Thursday it was set to launch its Max streaming service in Europe from May 21, ahead of the Olympic Games in Paris this year.
Warner Bros. Discovery (WBD) has received quite a bit of attention from Zacks.com users lately.
DraftKings (DKNG), Coca-Cola (KO), NIKE (NKE), Warner Bros. Discovery (WBD) and Capital One (COF) could make the most of the exciting March Madness game.
In the latest trading session, Warner Bros. Discovery (WBD) closed at $8.50, marking a +0.24% move from the previous day.
Warner Bros. Discovery's shares are under pressure, but there may be value here. The company faces issues with debt, the cost of content, and finding a buyer. Given the company's assets, if CEO David Zaslav can improve the balance sheet and take advantage of IP, streaming and theatrical, then the stock will respond.