Shareholder sues WBD over lapsed NBA television deal
A shareholder says WBD executives weren’t fully forthcoming on the risk of losing NBA television rights to Comcast and Amazon.
Warner Bros Discovery is an international mass media conglomerate that was formed by the merger of AT&T’s WarnerMedia with Discovery, Inc. in April 2022. The company owns several domestic and international pay television channels — including CNN, TBS, TNT, the Discovery Channel, Animal Planet, HBO, Cinemax, Eurosport, AT&T Sportsnet, TVN Poland and Three (New Zealand) — along with streaming services Max (formerly HBO Max) and Discovery Plus. The company is based in New York City.
A shareholder says WBD executives weren’t fully forthcoming on the risk of losing NBA television rights to Comcast and Amazon.
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