Warner Bros. Discovery is counting on deregulation to unlock media deals — if there's even appetite
Warner Bros. Discovery(WBD) CNBC·2024-07-26 20:00
"We just need an opportunity for deregulation, so companies can consolidate and do what we need to be even better," Zaslav told reporters at Allen & Co.'s annual Sun Valley conference. Now, Zaslav sees the same dynamic repeating with Warner Bros. Discovery, whose shares have fallen 36% in the past year as the company focuses on turning its flagship streaming service Max into a globally profitable business and grapples with the possibility of losing NBA media rights after nearly 40 years as a partner. What's ...