Warner Bros. Discovery Shares Fall, Max Subscribers Drop: Could 'Underused' Harry Potter Franchise Help A Turnaround?
Portfolio Pulse from Chris Katje
Warner Bros. Discovery (NASDAQ:WBD) shares fell after Q3 financial results showed a 2% YoY revenue increase to $9.98 billion, but a loss of 700,000 streaming subscribers. The company plans to leverage its 'underused' franchises, including a reboot of the 'Harry Potter' series, to boost future success. However, the new show may not be available until 2025 or 2026. The company is also working on a rebranding of DC Comics and a new slate of movies and TV shows.
November 08, 2023 | 8:06 pm
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Warner Bros. Discovery's Q3 results and loss of streaming subscribers led to a drop in share price. The company's plans to leverage its franchises could potentially boost its future success.
The company's Q3 results and loss of streaming subscribers have negatively impacted its share price. However, its plans to leverage its franchises, including a reboot of the 'Harry Potter' series, could potentially boost its future success.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
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Warner Bros. Discovery's New Line Cinema unit helped produce the 'Lord of the Rings: The Rings of Power' series for Amazon.com Inc.
While Warner Bros. Discovery's New Line Cinema unit's involvement in the production of the 'Lord of the Rings' series for Amazon.com Inc. is mentioned, the news does not directly impact Amazon's stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50