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Ben Swinburne, Morgan Stanley head of U.S. media research, joins CNBC's 'Squawk on the Street' to discuss which media companies are poised to benefit most from AI, how the technology will change how consumers interact with entertainment, and more.
Matt Belloni, Puck founding partner, joins 'Squawk Box' to discuss the Superman movie, what's interesting about this version of Superman and much more.
Warner Bros. Discovery WBD has high hopes for its "Superman" reboot film, set for theaters this weekend.
Launched in May 2020, HBO Max did what any logical marketer would do. It had HBO in the title to accentuate the HBO brand, which for the new streaming service included content from HBO, Warner Bros., and other WarnerMedia properties. Wouldn't you want to be affiliated with the HBO?
Warner Bros. Discovery is a buy due to its upcoming split, improved movie performance, streaming potential, and a somewhat clearer path to debt reduction. The planned split will separate streaming/content from linear assets, hopefully unlocking value and allowing management to focus on growth areas like HBO Max and film franchises. Valuation seems attractive, with the stock trading cheaply on some metrics, but a firm technical breakout above $13 is needed for confirmation.
The latest trading day saw Warner Bros. Discovery (WBD) settling at $11.02, representing a -1.78% change from its previous close.
SAN FRANCISCO--(BUSINESS WIRE)--Warner Bros. Games today announced the global launch of DC Worlds Collide, a free-to-play squad-based role-playing game set in the DC universe.
Zacks.com users have recently been watching Warner Bros. Discovery (WBD) quite a bit.
Bank of America Securities analyst Jessica Reif Ehrlich maintained a Buy rating on Warner Bros. Discovery WBD with a price target of $16, up from $14 on Tuesday.
Warner Bros Discovery has achieved over $900 million in movie ticket sales. This consistency marks a significant improvement from previous years, where success relied on a single blockbuster hit. That success was erratic at best in the past. If sustained, this reliable movie cash flow could support the streaming company more so than was originally anticipated.