Warner Bros. Discovery Inc. NASDAQ: WBD is a major entertainment and media company that owns high-profile entertainment brands and IPs. The consumer discretionary sector Goliath was formed through a merger of the AT&T Inc. NYSE: T spin-off of WarnerMedia and Discovery Inc. in April 2022. For the telecom giant AT&T, it was a way to offload $43 billion in debt and receive $40.4 billion in cash on the deal to refocus on its core telecommunications business. Discovery was able to massively scale up its content ...