Warner Bros. Discovery Inc Ordinary Shares - Class A
WBD: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$41.00 | Jlzv | Ltkybxps |
Warner Bros. Discovery to Launch Max May 2023; Expect Elevated Marketing Expense to Support Launch
Business Strategy and Outlook
Warner Bros. Discovery, the result of combining Discovery Communications and WarnerMedia, spun out of AT&T, is one of the largest media firms in the world with tremendous scale and reach. We project that the new company, led by former Discovery CEO David Zaslav, will use its combined content library and production capabilities to drive further growth in its streaming services as it navigates the transition toward a more direct-to-consumer focused model, centered on a combined HBO Max/Discovery+ service named Max.