![]() With an exceptional steward in CEO David Zaslav running the show, I think it'll be tough to stop the firm as it catches up to its media rivals. Discovery (NASDAQ: WBD) is a leading global media and entertainment company that creates and distributes the world’s most differentiated and complete portfolio of content and brands across television, film and streaming. Further, many hit cable TV offerings like TLC, Food Network, and Animal Planet could draw in more users from cable TV. With Discovery's assets aboard, the firm now has an answer to Disney's National Geographic. With a focused management team, I'd look for the firm to double down on hit TV series content across such franchises. The company has some compelling franchises under its umbrella, including DC Comics, HBO, and Adult Swim. View real-time stock prices and stock quotes for a full financial overview. Aside from Netflix, none of the streamers are profitable so profit in WBD’s streaming unit is a big win for the company and proof of CEO Zaslav’s drive to reduce debt and increase cashflow. It's not just older content that makes Warner Bros. Headline here is WarnerBrothersDiscovery’s streaming unit swung from a 654M loss to a 50M profit for Q123. Now that management has its talents focused on content rather than telecom initiatives, I think the firm could have some very sticky new TV hits up its sleeves. Discovery is a standout player with its massive content library. Firms with content will be in an excellent spot to take subscribers away from streaming services that experience those dreaded content "droughts." With a potential recession on the horizon, we could witness consumers go beyond "cutting the cord" to "cutting away at the growing number of video-streaming subscriptions." With the growing number of options in streaming, I'd argue that Netflix's days at the top could be numbered. Heck, even large big tech companies are getting in on the action, with the likes of Apple ( AAPL) bringing home the Oscar for best picture with its Apple TV+ exclusive film CODA. ![]() It isn't getting any easier to compete in video streaming, with all the rivals emerging from different corners. Warner Bros Discovery Inc WBD shares are trading higher by 7.93 to 14.16 Thursday morning on continued momentum after CNN CEO Chris Licht on Wednesday stepped down. ![]() Source: Ingus Kruklitis / The merger between. ![]() I am bullish on WBD stock out of the gate. Discovery (NASDAQ: WBD) stock is on the move today following the merger between Warner Bros. parting ways with telecom behemoth AT&T ( T), management can now narrow its focus and enhance its direct-to-consumer offering to better compete against the growing number of rivals in the streaming space. HBO Max and Discovery+ are the firm's bread and butter, as consumers continue to gravitate away from cable television and towards over-the-top streaming platforms. ![]()
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