WBD could be leaving billions of dollars on the table, analyst says in downgrade
Legacy media companies must navigate a tricky road in the streaming era, and a Wells Fargo analyst thinks Warner Bros. Discovery Inc. might be leaving billions of dollars in revenue on the table by not making one strategic move. Companies that have their own media content face tough decisions as they figure out whether they should go all-in on their own streaming services or look to make money off their programming in other ways. Warner Bros. Discovery WBD, -2.50% is experimenting with putting some of i ...