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- Warner Bros. Discovery to Begin Trading on the Nasdaq as “WBD” on Monday, April 11 (New York, NY) — April 8, 2022 — Today Discovery, Inc. and AT&T Inc. * (NYSE:T) announced that they have closed their transaction to combine the WarnerMedia business with Discovery.
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Apr 8, 2022 · The combination creates a premier standalone global media and entertainment company, Warner Bros. Discovery, Inc., which will begin trading on the Nasdaq with the start of trading on Monday, April 11, under the new ticker symbol “WBD.”
- The Warner Bros. movie studio is nearly 100 years old and home to several iconic film franchises, including Harry Potter, Batman and Looney Tunes characters such as Bugs Bunny and Daffy Duck.
- Discovery is largely known for its catalogue of reality-based TV shows such as Gold Rush, Deadliest Catch and annual Shark Week programming.
- The newly created Warner Bros Discovery’s portfolio includes Discovery Channel, Warner Bros. Entertainment, CNN, HBO, Cartoon Network. It also holds established streaming services such as Discovery+ and HBO Max.
- While the merged company is expected to immediately become a major player in TV and movie streaming, the deal comes with a combined debt load of $55 billion.
1 day ago · Warner Bros. Discovery reported revenues of $9.71 billion in the last reported quarter, representing a year-over-year change of -6.2%. EPS of -$4.07 for the same period compares with -$0.51 a year ...
Apr 11, 2022 · Newly-formed streaming giant Warner Bros. Discovery officially began trading on the Nasdaq on Monday, opening at $24.08 a share in its first day as a publicly-traded entity.
- 4 min
- Alexandra Canal
Apr 5, 2022 · The latter company will trade on the Nasdaq under the symbol WBD. In other words, to receive the shares of WBD stock through their AT&T stock, investors must own AT&T’s shares when the market ...
