Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now Hamburg - Delayed Quote • EUR Warner Bros.Discovery Inc (J5A.HM) Follow Compare 10.60 +0.21 +(2.04%) At close: February 21 at 5:25:16 PM GMT+1 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Stocks to watch next week: Berkshire Hathaway, Nvidia, Salesforce, IAG and Aston Martin Earnings preview of key companies reporting next week and what to look out for. Will Netflix and Amazon own all sports programming? The Super Bowl is in the books, with the Philadelphia Eagles delivering a commanding win over the Kansas City Chiefs. Companies paid a steep $8 million for a 30-second TV spot, up from $7 million in 2024. Now, sports and media watchers can return to their regularly scheduled programming. That programming is of high intrigue. For one, rights deals for Formula 1 and the UFC are on the table in 2025. The UFC alone could command a $1 billion a year deal, more than double the one it currently has with Disney-owned ESPN. Media watchers will be looking out for whether both sports end up on streaming channels amid the struggles at legacy media giants. In the meantime, the NFL can opt out of its rights deal with all media partners except for Disney after the 2028-2029 season. If they do opt out and head to a Netflix that is not hiding its appetite for live sports, it could alter the TV business forever. Yahoo Finance executive editor Brian Sozzi chats with longtime media executive David Levy about these tectonic shifts in the industry, especially on the sports front. Levy spent 32 years running Turner, leading its sports portfolio and even the Cartoon Network. Today, Levy is the founder and co-CEO of Horizon Sports & Experiences—which is making a bold bet on pickleball. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Rachael Lewis-Krisky. Disney price hikes help fuel earnings growth as streaming business posts profit Disney reported quarterly results before the bell on Wednesday. Here's what to know. Disney Earnings Bolstered by Streaming Gains, ‘Moana 2’ The entertainment company topped Wall Street expectations on core metrics; meanwhile, its streaming push continues. Fox plans to roll out its own streaming service by end of year Fox is about to enter the competitive streaming marketplace with its own direct-to-consumer service. It’s Write-Down Season. Here Are Some Companies That Look Due for Asset Adjustments. Warner Bros. Discovery, CVS and Kraft Heinz all have intangible-asset values that appear out of whack. Media consolidation under the Trump admin: Analyst shares outlook Just days before the 2024 election, President Donald Trump filed a $10 billion lawsuit against CBS, accusing the media giant of editing an interview with former Vice President and election rival Kamala Harris. While initially dismissed as a long shot, reports suggest that CBS-parent company Paramount Global (PARAA, PARA) is now considering a settlement to avoid interference in its merger with Skydance Media. MoffettNathanson senior analyst Robert Fishman joins Market Domination to explain that the challenges in linear TV — particularly with weak advertising and cord-cutting trends by viewers — will force media companies to consolidate. "Clearly there's complications depending on which asset we're talking about or which company we're talking about. But, at the same time, these companies are going to be forced to go down that direction the more that the pressure builds," Fishman says. "It's going to be the fundamentals that drive the decision, not just the need for consolidation for any other reason." Fishman also mentions that while industry fundamentals may drive consolidation, it may also be influenced by the current regulatory stances the Trump administration seems to be displaying. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Josh Lynch Warner Brothers Agrees to Co-Own Film and TV Music Catalog With Cutting Edge Group The library comprises about 400,000 compositions and song cues including scores from Harry Potter, Lord of the Rings, Friends and Game of Thrones. Lawsuit Aims to Ground ‘Superman’ in Major International Markets The estate of superhero co-creator Joseph Shuster alleges overseas copyright infringement against Warner Bros. Discovery and DC Comics. Warner Bros. Discovery and Cutting Edge Group form JV to own and manage WBD's iconic music rights portfolio Warner Bros. Discovery Inc. (NASDAQ: WBD) and Cutting Edge Group ("CEG"), the leading specialist investor in and manager of media music rights, have partnered to create a joint venture (the "JV") through which they will co-own WBD's vast catalog of film and TV music. WBD will retain creative and operational control of the music rights while CEG, further to its investment into the business, will jointly manage the JV. The creation of the JV is, by value, one of the largest music rights deals ever Comcast stock sinks as Peacock fails to add more subscribers, broadband losses disappoint Comcast stock fell double digits on Thursday after the company reported a bigger-than-expected drop in broadband customers and failed to add more subscribers to its Peacock streaming service. Streaming turned profits in 2024. Wall Street's biggest worry is whether momentum can last. 2024 was a big year for streaming. Can media companies keep the good times rolling in 2025? CNN Cuts Jobs, Prepares New Streaming Rollout Layoffs affect roughly 200 employees and are part of CEO Mark Thompson’s emphasis on digital growth. CNN lays off 6% of its workforce as CEO Mark Thompson announces $70 million digital transformation The job cuts are part of a broader effort to become digital first. CNN trims staff, begins digital strategy shift Shares of Warner Bros. Discovery (WBD) are in focus after CNN announced it will cut 6% of its workforce, affecting approximately 200 employees. The cable news network is redirecting its focus toward streaming and digital audiences in response to declining traditional ratings. Yahoo Finance Senior Reporter Alexandra Canal explores the details, highlighting the company's $70 million restructuring strategy aimed at modernizing the newsroom. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith Netflix Explodes Into a New Era The streamer ends subscriber reporting with blowout numbers and a price hike, but its record market value sets a high bar going forward. CBS Owner Discusses Settling Trump Suit, With Merger Review on Tap Paramount, owner of CBS, its namesake studio and several cable channels, has a major piece of business in front of the new administration: its planned merger with Skydance Media. Warner Bros. Discovery to Report Fourth-quarter and Full-year 2024 Results on Thursday, February 27 Warner Bros. Discovery, Inc. (the "Company") (Nasdaq: WBD) today announced that it will report its fourth-quarter and full-year 2024 results on Thursday, February 27, 2025 before the market opens. Links to the live webcast of the conference call as well as the earnings materials will be available in the "Investor Relations" section of the Company's website at https://ir.wbd.com/ starting at approximately 7:00 a.m. ET. The Company will host a conference call at 8:00 a.m. ET that same day to discu Anthony Noto and Joey Levin to Join Warner Bros. Discovery, Inc. Board of Directors Warner Bros. Discovery, Inc. (the "Company") (Nasdaq: WBD) today announced that Anthony Noto and Joey Levin have been appointed to the Company's Board of Directors. Noto joined the Board as of January 8, 2025, and Levin will join the Board on February 1, 2025, and both will stand for election by the Company's stockholders at the 2025 Annual Meeting of Stockholders. Their appointments follow a comprehensive search process led by the Nominating and Corporate Governance Committee that was aided by DirecTV Pursues Sports Fans With New, Slimmer Streaming Bundle DirecTV is launching a sports-streaming package that will include networks carrying most major-league events, an effort to win over customers who don’t want to pay for a larger bundle of TV channels. The offering, MySports, will launch in 24 markets Tuesday, featuring content from the National Basketball Association, National Football League, Major League Baseball, National Hockey League and collegiate sports. It will provide a suite of channels from Warner Bros. Discovery Fox , NBCUniversal and Disney including ESPN, USA Network, TNT, TBS, Fox Sports 1 and Fox Sports 2, as well as the ACC Network, Big Ten Network and SEC Network, DirecTV said. Performance Overview Trailing total returns as of 2/21/2025, which may include dividends or other distributions. Benchmark is S&P 500 Return J5A.HM S&P 500 YTD +5.77% +2.24% 1-Year +16.56% +20.70% 3-Year -52.25% +38.27%