Warner Bros. Discovery Inc Ordinary Shares - Class A

WBD: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$26.00	Gfv	Jxcytvwz

Evolution of TV Industry Is a Big Weight on Warner Bros. Discovery, but We Expect It to Find Its Way

Matthew Dolgin

Aug 8, 2024

Business Strategy and Outlook

Warner Bros. Discovery faces significant uncertainty surrounding its evolution in a media landscape defined by cord-cutting and many streaming choices. Ultimately, we think Warner’s scale, distribution channels, production studios, and content portfolio will make it one of the survivors.

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