Warner Bros Discovery rises after BofA says possible sale of assets likely beneficial
) rose more than 6% on Tuesday after Bank of America Global Research said the company could create more value for its shareholders if it explored strategic options, including a potential sale.
Warner could explore a scenario where it could spin off its direct-to-customer and studio assets as a standalone company, BofA said in a note on Tuesday.BofA added that Warner could explore selling itself or its streaming services could be merged with another streaming entity and potentially co-owned.
Recent media reports also indicate that Warner could lose broadcasting rights for National Basketball Association in the next round of negotiations with distributors.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Obama press secretary to join Warner Bros. DiscoveryRobert Gibbs, who served as former President Barack Obama's press secretary, will join Warner Bros. Discovery as communications chief for CEO David Zaslav in August.
Read more »
Warner Bros. Discovery and Paramount in discussions for a max mergerThe CEOs of Warner Bros. Discovery and Paramount Global reportedly met to discuss merging the two companies behind Paramount Plus and Max.
Read more »
Dune: Prophecy and The Penguin are going to HBO proper, actuallyWarner Bros. Discovery is moving a lot of 'Max Originals' from streaming only over to HBO
Read more »
Pininfarina hypercars boost Warner Bros. retail-tainment eventThe immersive Wayne Enterprises Experience gives audiences a glimpse into the future of luxury.
Read more »
Buster Murdaugh sues Netflix, Warner Bros. for defamation over their documentaries about his familyDevoted to live gavel-to-gavel coverage, in-depth legal reporting, and expert analysis of the nation’s most important and compelling trials.
Read more »
Warner Bros. Nabs Theatrical Rights to Apple’s Brad Pitt Formula 1 MovieWarner Bros. is officially releasing the untitled Brad Pitt Formula 1 movie in theaters worldwide in 2025.
Read more »