DIS - Warner Bros. Discovery: Zaslav Needs To Solve Core Issues Not Do Patchwork Quilting
2024-02-20 17:18:26 ET
Summary
- Warner Bros. Discovery, Inc.'s CEO Zaslav and partner John Malone are important figures in the media/entertainment sector, but the stock remains stagnant.
- Competitors are avoiding major changes to their business models by forming partnerships, leading to stagnant stock prices in the sector.
- Warner Bros. Discovery's proposed sports streaming network partnership may not be a good idea due to high prices and the greed of sports leagues.
WBD Q4 2023 Earnings: February 23
Our call: Even to range of –($0.02) to –($0.08)
Warner Bros. Discovery, Inc. (WBD) CEO David Zaslav has been something of an offstage tire kicker in the media/entertainment space. But in real terms he and his partner, John Malone, are probably the two most important figures capable of igniting big moves in the sector. Mr. Market sees this wariness to commit to an aggressive shakeup of the WBD model rattling any chance for an upside on the stock. It remains dead pooled at or near $10 despite its rich asset base in the media/entertainment space....
Warner Bros. Discovery: Zaslav Needs To Solve Core Issues Not Do Patchwork Quilting