Warner Bros. Discovery Stock Plunges Following Earnings Loss and Forecast Revisions
Shares were hammered by investors Friday, falling more than 17% by midday after Q2 earnings revealed the pressures at the newly merged firm.
variety.com
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Warner Bros. Discovery stock has plunged 17% in 24 hours
- Thread starter Wrexis
- Start date
variety.com
I mean, the multi-billion dollar loss kinda sheds light on all the massive cuts going on with them. RIP HBO Max, you were too good to us.
Yeah the company is about 5 years from being sold off for parts, 50 billion in debt and no fucking clue what they're doing
So is this push to cut costs and kill projects for the tax writeoffs coming from that pressure to deal with the debt they inherited from Warner? Or is that a poor reading of the situation
They didn't say anything that would really reassure investors so it makes sense. Felt like the entire meeting was nothing but bad news with no real positive light and that's without the debt looming over it.
That dream I had where WB went bankrupt and Disney bought the rights to DC is looking more and more real...
Pretty much. Just a carousel of dumb choices and bad news with no upside for anyone - investors, consumers OR creatives.
That call last night seemed like all bad news, or at least unpopular news... I thought it would be a bigger drop.
I mean it kinda is if you want HBO Max to stay the way it's been in terms of content.
Their stock prices plummeting is not good news for the consumer.
OP
OP
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Warner Bros. Discovery Leadership Team Draws Ire Over Diversity
Despite being under pressure from lawmakers to diversify its staff, the new media giant has a notable amount of homogeneity at the top.
www.bloomberg.com
The new board:
He's probably pissed as fuck since he's been in some CN animation shows too.
Same as the good ol' days board. People used to pay for $50 for their HBO content before and they will pay again.The new board:
And I'm sure the stock was already weakened from the recession. But hey, nothing three or four more cancellations and a DiscoveryWarner app price hike for content neither side wanted can't fix!
Really nothing else to be said.
Really nothing else to be said.
We wouldn't be so blessed. Hopefully we will get an actual DC universe that makes sense in the big screen, but unless a miracle happens, it won't be anytime soon.
Yeah just like the mass layoffs stopped Netflix's stock from plummeting (???)
Investors get spooked by a falling leaf, I doubt the layoffs would have prevented the fall like you're (or even they're) thinking.
Yup. If I was a shareholder what would be concerning is how terribly they handled all of this, you had a week of terrible news all around where creatives were bitching (cancelling a movie during a directors wedding?), crazy rumors, etc. We hit a point where u had viral tweets saying the CEO of Discovery only made the deal to remake CNN as Foxnews light because he's a Trumper (debunked btw)
Whatever you need to keep investor confidence they did the opposite of that this whole week. Irony is this is the second time they (pre merger) did some random shit regarding their content without letting none of the stakeholders (theaters, creatives) when they decided to put everything to streaming so it seems inherently cultural.
It looks like a company with no long term vision except "maybe our one department might be able to successfully copy the MCU with 1/5th or the resources"
