Packed Slate Cannot Stop Warner Bros Discovery Stock (NASDAQ:WBD) Plummet
The news for entertainment giant Warner Bros. Discovery (WBD) really should have been better than it was. At least, better than investors reacted to it. Warner has been ramping up its sports programming with new deals, and the reports out of CinemaCon suggest a whole lot of new movies afoot. But despite all this, Warner got thoroughly shellacked, and investors panicked, sending shares plunging over 11% in Friday afternoon's trading.
Don't Miss Our End of Quarter Offers:
Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks.
Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter.
Warner is getting behind its sports content in a grand fashion these days. First, it inked a new deal with Amazon (AMZN) Web Services, which will see its debut with the 2025 UCI Mountain Bike World Series. The deal brings out a new system called Cycling Central Intelligence, which offers a wide array of new informational tools for cycling commentators. It will, noted the vice president of cycling events at WBD Sports, Chris Ball, effectively set '…new standards for how mountain bike events are brought to life…'
For those less concerned about cycling, though, Grant Hill is going to be stepping into an expanded role with the organization. While Hill is currently a lead game analyst—and he will continue to be so—he will also be part of coverage for Big 12 and Big East games as well. Warner will be bringing those games out starting this year, and Grant Hill will be along for that particular ride.
Coming Soon, a Better Shot
We know that Warner's film slate has not exactly been a ball of fire lately. So much so that the studio is reconsidering just who runs the film sector anyway. But when Warner hit CinemaCon, they had quite a bit to offer that was coming out fairly soon. In fact, Warner put particular focus on properties that were set to hit in the next few weeks.
Warner showed off Sinners, coming in a couple weeks, followed by Final Destination: Bloodlines, in May. F1 was set for June, and Warner kept the one-big-movie-a-month train going with Superman this July. Zach Cregger's horror epic Weapons will hit in August, but September will apparently be quiet as Mortal Kombat II hits in October. Warner is likely trying to gin up short-term interest, by focusing on the projects set to have the most impact immediately. That left a lot of big announcements—Jason Momoa as Lobo, or the villain for The Batman Part II— quiet for now.
Is WBD Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on WBD stock based on 10 Buys and six Holds assigned in the past three months, as indicated by the graphic below. After a 2.04% loss in its share price over the past year, the average WBD price target of $13.33 per share implies 62.96% upside potential.
See more WBD analyst ratings
Disclosure
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Winnipeg Free Press
a day ago
- Winnipeg Free Press
Warner Bros. Discovery to split into two companies, dividing cable and streaming services
NEW YORK (AP) — Warner Bros. Discovery will split into two public companies by next year, calving off its cable operations from its streaming service. Warner Bros. Discovery said Monday that Streaming & Studios will include Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, as well as their film and television libraries. The Global Networks company will include CNN, TNT Sports in the U.S., and Discovery, top free-to-air channels across Europe, and digital products such as the Discovery+ streaming service and Bleacher Report. Weekly A weekly look at what's happening in Winnipeg's arts and entertainment scene. Warner Bros. Discovery CEO David Zaslav will serve as CEO of Streaming & Studios. Gunnar Wiedenfels, chief financial officer of Warner Bros. Discovery, will serve as CEO of Global Networks. Both will continue in their current roles until the separation. The split is expected to be completed by the middle of next year.
Toronto Sun
30-05-2025
- Toronto Sun
Interactive experience brings Last of Us Vancouver filming locations to life
Included in the Survive Vancouver experience is exclusive behind-the-scenes content, local guides and interactive storytelling. Pedro Pascal (r) and Isabela Merced are seen here Season 2 of The Last of Us. Destination Vancouver has launched Survive Vancouver, a mobile, browser-based augmented reality (AR) experience that transports users into a world inspired by The Last of Us. Photo by Warner / Warner Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. With the lights barely out on Season 2 of The Last of Us, fans can hit the streets of Vancouver to feel closer to the hit HBO show. Destination Vancouver has launched Survive Vancouver, a mobile, browser-based augmented reality (AR) experience that takes fans into the apocalyptic world inspired by The Last of Us. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Developed in partnership with Victoria-based creative studios One Net Agency and Hololabs, Survive Vancouver guides fans through four downtown Vancouver locations of the show, which is returning to shoot season 3 here later in the summer. Users will visit the landmark Vancouver filming sites The Orpheum Theatre, Chinatown, Gastown, and Harbour Green Park. Included in the experience is exclusive behind-the-scenes content, local guides and interactive storytelling. Survive Vancouver, a mobile, browser-based augmented reality (AR) experience, guides fans of the hit HBO show The Last of Us through four filming locations in downtown Vancouver. Photo by Destination Vancouver. / Destination Vancouver. 'Vancouver has always played a starring role in film and television, and Survive Vancouver offers fans a new way to experience that magic. This initiative brings a new dimension to visiting our city, inviting fans to walk in the footsteps of their favourite characters while exploring our diverse neighbourhoods. We're inviting the world to step into the show and into Vancouver,' said Royce Chwin, President and CEO of Destination Vancouver in a statement. This advertisement has not loaded yet, but your article continues below. Using AR tech powered by Niantic, creators of Pokémon Go, users uncover hidden digital props, unlock code words, and collect clues at each location. Once the clues have been figured out users are given a set of co-ordinates that will lead them to the prize of a limited-edition, hand-illustrated postcard featuring one of the iconic filming locations in its full apocalyptic glory. Destination Vancouver has launched Survive Vancouver, a mobile, browser-based augmented reality (AR) experience that takes you into a world inspired by The Last of Us. Photo by Destination Vancouver / Destination Vancouver No app download is required, users can play right in their mobile browser. Fans can also access exclusive episode recaps and filming location insights at Read More Crime World Toronto & GTA Toronto Raptors Television
Winnipeg Free Press
22-05-2025
- Winnipeg Free Press
Fred Warner signs his 3-year, $63 million extension with the 49ers
SANTA CLARA, Calif. (AP) — The San Francisco 49ers announced their three-year extension with All-Pro Fred Warner that makes him the highest-paid off-ball linebacker in NFL history. Warner signed the deal worth $63 million with more than $56 million guaranteed on Thursday, keeping him under contract with the team through the 2029 season. 'Fred's leadership is exemplary and his approach to his craft is contagious,' general manager John Lynch said in a statement. 'Fred sets the tone for our entire team with the consistency, speed and physicality with which he plays. Off the field, his passion, energy, and professionalism are second to none and truly embody what it means to be a Niner. We are extremely proud to get this extension done and lock Fred in for the future.' The deal with Warner is the third extension San Francisco reached with one of its star players since the draft, having previously given quarterback Brock Purdy a $265 million, five-year extension and tight end George Kittle a $76.4 million, four-year deal. The Niners are hoping to bounce back from a 6-11 season and get back to their 2023 form when they made it to the Super Bowl for the second time since Lynch and coach Kyle Shanahan took over in 2017. 'We're here to stay, baby,' Warner said in a video posted by the team. 'It was a dream when I got drafted here in 2018 and it's still a dream to this day. I know we've been through some great times these first seven years but the story is only beginning. We know what we're after. Let's go chase it. Let's go get it.' Warner had two years remaining on the five-year, $95 million extension he signed in 2021 that was the richest at the time for an off-ball linebacker and ranked second to Baltimore's Roquan Smith before this new deal. The $21 million per year for Warner tops Smith's $20 million average to once again make Warner the highest-paid off-ball linebacker in terms of average annual value. Warner has shown he deserves it as he has developed into one of the top defensive players in the NFL after being drafted in the third round in 2021. He has been a first-team All-Pro the past three seasons and in four of the past five as one of the key cogs in San Francisco's defense thanks to his ability to thrive in both run and pass defense. The only active players currently under contract with more first-team All-Pro selections than the four for Warner are Bobby Wagner (six) and Tyreek Hill (five). Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. Warner had 131 tackles, five tackles for loss, two interceptions, seven passes defensed and four forced fumbles last season despite playing most of the season with a broken bone in his ankle. Warner has 10 sacks, 10 interceptions, 15 forced fumbles, six fumble recoveries, 36 tackles for loss and 53 passes defensed in his first seven seasons. His 896 career tackles rank fourth most in the NFL since 2018 and has missed only one game in seven seasons. Warner is one of three active players with at least 10 sacks, interceptions and forced fumbles, along with Minnesota safety Harrison Smith and Tampa Bay linebacker Lavonte David. ___ AP NFL:
