Why Warner Bros. Discovery Stock Jumped 15% This Week
Warner Bros. Discovery(WBD) The Motley Fool·2024-07-19 23:41
The unlikely rally actually makes sense given how much investors were hoping someone would say what was just said. The thing is, these assumptions aren't crazy. You know the company. Warner Bros. Discovery was created via the merger of WarnerMedia with Discovery Inc., the company behind cable channels including TNT, The Food Network, CNN, Animal Planet, and, of course, The Discovery Channel. Perhaps most notably, Warner Bros. Discovery also owns streaming platform Max (formerly HBO Max). At the same time, t ...