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Stock Market Today: WBD Continues Uptrend Amid Ongoing Optimism Over June's Streaming Split Decision
Warner Bros. Discovery (WBD 2.31%) shares climbed 2.07% to close at $12.84 on Thursday, outpacing broader market gains as investors continue to respond positively to developments regarding the company's linear division spin-off.
In an industry that's long been run by storied Hollywood executives, those with backgrounds in finance and deal-making are increasingly reshaping the landscape. The most recent example came last month when Warner Bros.
Netflix dominates Warner Bros. Discovery with consistent growth, strong cash generation and streaming leadership.
Warner Bros. Discovery (WBD) closed the most recent trading day at $12.01, moving +2.39% from the previous trading session.
After spending much of 2024 in the box-office doldrums, the legendary studio has scored a remarkable turnaround with five straight No. 1 hits, culminating with this weekend's smash, “Superman,” which drew in $217 million worldwide.
Zacks.com users have recently been watching Warner Bros. Discovery (WBD) quite a bit.
After months of dismal performance and leadership scrutiny, Warner Bros. is staging an astonishing comeback at the box office.
The other big hits over the weekend were films that similarly scored big other big openings over the past few weeks—“Jurassic World Rebirth” sold an estimated $40 million this weekend and “F1” held on in third place with an estimated $13 million, Deadline reported.
Warner Bros.' "Superman" generated $122 million in domestic ticket sales during its opening weekend.
The strong debut kicked off a new era for DC comic-book heroes on the big screen.