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Warner Bros
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Warner Bros. Discovery Shares Rise After Upgrades on Merger Integration Progress

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thewrap.com

series of layoffs and reshuffled top executives last year, and in the fourth quarter of 2022 it booked $3.05 billion in charges related to the merger.“Last year was a year of restructuring, 2023 will be a year of building.

And off we go,” Warner Bros. Discovery CEO David Zaslav told analysts on the company’s earnings call. “We have a great hand and we’re doing a lot right.

That said, there’s still more that we need to get right and we are hard at work.”Wells Fargo also thinks the company’s DTC offering, HBO Max, is currently undervalued compared with rivals, given the “near-term break-even and future profit ramp.” The media conglomerate is expected to launch its combined HBO Max/Discovery platform later this year, though it recently said it will also keep its Discovery+ streamer in play as well.Separately, Wolfe Research analyst Peter Supino upgraded Warner Bros.

Discovery to “Outperform,” that firm’s equivalent to “Buy,” from “Peer Perform.” The analyst also set a $20 price target. With the anniversary of the merger approaching next month, Supino pointed out in a note to investors that shares remain about 42% below their price at the time of the deal.

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