WB

892moto

Yea I need you it explain it. How isn’t Warren Buffet running Warren Buffet anymore? My initial reply, solely about WB, followed by your reply about “Warren Buffet is not running the place anymore”. Not running Warren Buffet? I’m a developer, I have lots of Drywallers through my projects. You should just stick to it.

892moto

Lmfao. For one, He’s still “running” the show (phasing out). But Greg has actually been the one running the show the past few years. He’s every bit as good as WB, and WB still chair. Second, Who mentioned Berkshire? I mentioned WB, specifically. Not Berkshire.

4chanhasbettermods

Sounds like someone on the WB board had friends at the consulting firm.

florvas

If they're actually paying him, he's doing better than most people/companies that contract for WB.

patrickswayzemullet

typically to do an impartial check and yes to be a "cover" for the company in restructuring. when you are in power you want to avoid putting halo on your big ideas or horn on others'. a good management consulting can help with that. technically i am sure the business solution is known, but ticking all the tickboxes is important at that level when laying off 5% means 5,000 people or cancelling a big government contract. not the case with WB, but sometimes when you are just a medium-sized company, you just don't have the experience/expertise to do it in house anyway. $40M for a three year project is not that big of a deal for a giant, international movie studio. i mean that's just one Oscar bait or a fifth of the cost of a blockbuster movie.

Zedilt

>why does Warner Brothers keep working with McKinsey given what's been happening Because you have it backwards. Warner Brothers want's to merge with Discovery but the business plan don't allign. So they go to McKinsey and say "We need a report that says merging with Discovery is a good idea". % months later a McKinsey has a report that the WB board can use to push the merger though.

mikemikemotorboat

What a ripoff. I would gladly advise WB to come full circle with HBO Max -> HBO for a much more reasonable $10M

Specific_Giraffe4440

Very suspect these numbers are accurate. Likely WB paid McKinsey $55M total for a bunch of projects, of which the M&A was one of many

DidoAmerikaneca

You almost get it. WB/Discovery probably brought them in and said "We're leaning towards merging the brands and we think it's a terrific opportunity. Help us understand the benefits and costs of such a move. If you find red flags, let's discuss amongst ourselves first, before including them in the final presentation. We don't want any surprises." So McKinsey went and did that. Then WB/Discovery probably started infighting about whether to complete the transition because it wasn't going so well. Every decision required more validation and analysis to back whichever decision the leadership wanted. Eventually it was enough of a dumpster fire that they decided "We gotta back out of this. Analyze the pitfalls of backing out." In this type of project, the consultants' entire job can be described as "Tell me the consequences of the decision I'm about to make. I will push you to align with the answer I want, and if you want me to keep hiring you, you will."

tylerb0zak

Where are the sources for these ridiculous assertions? This isn’t what consultants do. I’ve worked with many consultant firms, including each of the big 4, and this is not the sort of advisement they do. Furthermore, companies don’t just blindly implement any recommendation from a consultant. WB made these decisions and may or may not have had guidance on some elements of the transformations. More likely, they went in with a plan and contracted McKinsey to advise on HOW to make these changes. 

cashMoney5150

WB should sue McShitty consultants for the amount charged and damages.

chiksahlube

"I've figured out where WB has gone wrong. You could save $100million by cutting all advising costs. That will be $50million."

bookaddixt

Technically it’s not WB, it’s discovery because they bought WB & their CEO became CEO of WBD

TheNumberoftheWord

Hey WB, change it back to HBO. The only reason people gave a shit about Cinemax was the soft core porn. Porn is a free all you can eat buffet now so the name is meaningless. HBO was synonymous with prestige TV and what the fuck McKinsey know about what HBO need on its mind, motherfucker? HBO's name was on the street? When we bounce from this shit here, y'all going to go down on them corners and let the people know: Word did not get back to HBO. Let them know HBO step to any motherfucker -- Omar, Barksdale, Netflix, whoever. My name is my name! Now pay me $15 million ya cunts.

NemoDatQ

I don't think the consultants are the problem. It's the leadership at WB that don't have the organizational capacity/talent to develop and execute a strategy without paying consultants that don't work at WB or care about WBs long term success.

sonicthehedgehog16

McKinsey advised them not to change consulting firms and billed WB $37 million for that advice.

ilovebeetrootalot

WB C suite are mates with McKinsey C suite? It's not like the people in charge are spending their own money.

Extreme_Marketing865

Never bet against Reddit - WB

-medicalthrowaway-

(Source)[https://www.reddit.com/r/wallstreetbets/s/petOlBV4WB]

A1L1V2

Warren buffet said he does two things in his business. 1: find and retain good management for his collection of businesses. 2: deploy capital in his current portfolio of business or use it to buy new businesses/shares of other businesses. While he may step down as CEO, he will still be chairman til his dying breathe I suspect. Greg Abel has been learning from WB for 25 years now. WB chose him over hundreds of other candidates because WB sees Greg’s capacity to deploy capital effectively. And WB has left a fat stack of cash/short term treasuries for Greg to deploy when the time is right. I believe in WBs decision making far more than mine which is why BRKB is 25% of my equity holdings, gives me exposure to a variety of industries and markets of different sizes. Equities only make like 40% of my portfolio so BRKB is like 10ish% of my portfolio.

SirVeritaz


FriedMyRice

I think it was a play on how old WB is

Key_Rooster_1683

This is a weird take. The world is not black and white like that. You can believe WB is great at picking stocks/companies and still believe he is wrong about BTC. WB has been wrong about plenty of times throughout his career and will probably be wrong again. Still one of the best investors of our time.

Flavious27

This split just makes the original merger look dumber and that Zaslav wanted to find a way to get out of leading a cable TV company. This split also removes the Turner Broadcasting portion of the company that Time Warner merged with back in 1996.  The new WB will get the studios / production portion of the company, including cartoon network's studio but not the channel.  And it saddles the debt from the 2020 merger with the new cable TV company , which will make that company highly leveraged.  

mitcom

When did WB become a leftist woke sub?

duprst

Anyone confirm the AH price for NAAS? My WB seemed to stop tracking if at 1605 today

imstaringataplant

is god-king WB still sitting on his mountain of money?

Positive-Reserve-882

I think you made a right call. It is very possible that Aapl may keep their cell phone market share but the market may lower its multiple on Aapl stock. If that happens Aapl may become a dead stock for the next 5-10 years. There must be a reason why WB was getting out of Aapl few months ago. Aapl is not a growth company that it once was.

Individual-Set5722

The AT&T and WB method again

1Northward_Bound

so WB will offload all their turds into the new discovery company and sink it. would it be better to buy now?

overitallofittoo

That's WB's whole history it feels like. Remember the AOL deal? I do!

Desperate_Concern977

I will never not be enraged that Warner Bros streaming service does not have WB, Warner or Warner Bros. in it's name. It's like if Disney called their streaming service Pixar Max.

egg_enthusiast

Why would you think that though? WB was the debt bomb, not Discovery. The reality trash heap we all hate is the money maker. Have you ever actually tried to watch 90 Day Fiance? It's a 60 hour block that has maybe 30 minutes of content, 10 minutes of recaps, and then 20 minutes of commercials. Warner Bros, meanwhile is the cancerous debt monster of AT&T. They tried to run it like a telecommunications company [ steady revenue streams ] instead of an entertainment company [ long slow investment, big payoffs ]. At the end of ATT's tenure, they offloaded WB with as much debt as possible.

Birdhawk

I genuinely don’t understand how David Zaslav has a job. He’s fucked up at everything. HBO got worse. The streaming name is back to what it was while the service itself has fallen behind its competitors and continues to fall behind. In linear, the only thing propping up linear tv is sports and he’s publicly saying he doesn’t care about sports, just IP. He lost the NBA which is billions of revenue gone. So many failures. Zaslav is literally the dumbest executive there’s been in entertainment and not only does he still have his job but he’s making $50m to run the respected WB brand straight into the ground

obsidiousaxman

Yeah the CEO is a real piece of shit who hates the WB properties lmao. It sucks because I'm a huge fan of DC, but the direction and quality of their movies have been subject to the will of whoever is trying to sell WB and make a buck so they've either been pushing shit or shelving potentially good stuff

GuacKiller

I assume Discovery will take all the debt than eventually sell all of its assets back to WB.

Independent-Tree-985

So do I buy WBD, or wait and just buy one of WB or D?

Independent-Tree-985

So do I buy WBD, or wait and just buy one of WB or D?

xKronkx

This WB Discovery merger is the most amusing dumpster fire I’ve ever seen.

Cymraegpunk

Is that going to free WB of Zaslav

jdidihenars

There’s nothing wrong with conducting due diligence, developing a strategy, and executing it. So, if you feel bearish and wanna try the market, go for it. Like WB says, “the stock market is a device for transferring money from the impatient to the patient”

No-Level2027

I had the same feeling about APPLE when Steve Jobs passed away. I have to be honest that I have lost a fortune because of my bias associated with "him." As for Apple, Tim Cook brought a different persona and a revenue diversification strategy through Apple Icoud, Apple Store, Apple Music, Adversity revenue, data mining revenue, and much more. Obviously, WB is a legend. Hands down, but we may want to bit more open to new ideas that the new management may bring forward - especially based on the current cash pile.

Neat-Purple-5187

It keeps going. If you have RH or WB app you can literally follow it through the night but it’s slightly delayed.

fakemedicines

Is this all just overreaction to WB retiring? I buy a share every time it dips like 1%, so far I have quite a few shares lol.

morinthos

The transaction will be fully reversed. Are you saying that it still shows that the other party exercised the options (that resulted in your profit)? If so, it looks like WB just hasn't gotten around to fully voiding the transaction.

Micronto65bymay

Calls on WB?

Ill_Safety5909

I'm a bag holder. 🥲 So don't ask me. I bought and a week later WB retired.

Apprehensive-Bag370

Yeah but the simple approach is the point for shitty brokers like RH and WB, if you want research get a real broker like Schwab or Fidelity.

Hooked__On__Chronics

I've been hanging onto BRK.B, but it's been a bummer, especially with the recent pops in literally every market. They never recovered from the 5% dip after WB announced his departure.

baconcheeseburgarian

It feels like a WB show.

Ok_Ganache_789

WB keeps deleting my TACO pic. https://preview.redd.it/a6lt8u1n9z3f1.jpeg?width=1536&format=pjpg&auto=webp&s=f3e2a5295d676904f7ff8d765e2dd112e5b356fb

Ok_Ganache_789

[https://www.google.com/search?sa=X&sca_esv=c28d7f4a7239b712&rlz=1CDGOYI_enAU663AU663&hl=en-US&sxsrf=AE3TifMh_ZvUKlflWGpv0upmOcd_UCcbsA:1748450079402&udm=2&fbs=AIIjpHyXkckd7Il21lobbVJc1XW8aZqHOa7zrchYF6qd5sCEEbSpt3BUJeJXdMfQiO-V2H0mfjiTXgwUNexyhE9g91sAigOY8IEdTW3H8VQoJXm2C--qKKtEFUxWymeSuZUQk-OCZnH2mB8S8WX92WB4UQky7dtrRjC16N9oioAy09hohDVncpSwVfl5vDN6he4eYbmsMMD1MmhKJ_So3NKyNrR6CD43iQQuMVXph1d67BDJA-RxqTw&q=daniel+ives&ved=2ahUKEwjlsY-PzMaNAxWO6ckDHaqtALoQtKgLegQIEBAB&biw=428&bih=751&dpr=3#vhid=IvP5q7aWDuFiLM&vssid=mosaic](https://www.google.com/search?sa=X&sca_esv=c28d7f4a7239b712&rlz=1CDGOYI_enAU663AU663&hl=en-US&sxsrf=AE3TifMh_ZvUKlflWGpv0upmOcd_UCcbsA:1748450079402&udm=2&fbs=AIIjpHyXkckd7Il21lobbVJc1XW8aZqHOa7zrchYF6qd5sCEEbSpt3BUJeJXdMfQiO-V2H0mfjiTXgwUNexyhE9g91sAigOY8IEdTW3H8VQoJXm2C--qKKtEFUxWymeSuZUQk-OCZnH2mB8S8WX92WB4UQky7dtrRjC16N9oioAy09hohDVncpSwVfl5vDN6he4eYbmsMMD1MmhKJ_So3NKyNrR6CD43iQQuMVXph1d67BDJA-RxqTw&q=daniel+ives&ved=2ahUKEwjlsY-PzMaNAxWO6ckDHaqtALoQtKgLegQIEBAB&biw=428&bih=751&dpr=3#vhid=IvP5q7aWDuFiLM&vssid=mosaic)

_learned_foot_

Any div aristocrat, just as a base level here. Now, you will want to say they are already tracked, yes, but not captured. You’ll likewise say performance over time, but on these, you’d be surprised. My goal is to income reset without ever touching the base, I want that handed down if possible. You want to grow to get to the same. I rely on history, you rely on (if against set it and forget) some combo that is more speculative. In theory, the entirety of WB’s approach is “buy it, don’t mess with what’s there, ignore it and let it grow, maybe buy more”, and many of those are still trading shares.

redbirdyellowduck

Thank you for the book suggestions! I think you (and WB) hit the nail on the head. I’ve just got to develop the stomach for it and in the meantime, put my blinders on.

RequirementClassic49

They should find Warren Buffets successor like the y do for the Dalai Lama: when WB dies, search for a young boy reading The Intelligent Investor, tell his parents that he’s WB reincarnated and must move to Omaha to lead Berkshire Hathaway

Jbmacs

lmaoo imagine WB just throwing fucking haymakers from the crowd. WHAT ARE YOU DOING FOR MY INVESTMENTS?

MrForever_Alone69

No no, people just take the WB approach and hoard money like dragons 

river_miles

Posted on $GRNQ, seeing a lot of chatter on ST, WB, MM, X, etc. Seems like a sloq pivot off the 10Q now speeding up. Action and volume on Friday. Speculation on pending news. Anyone know anything? Overwhelming sentiment seems to suggest premarket Monday is a strong watch? Have played $GRNQ successfully before but only for DT or overnight holds.

ChannelNeo

$120 to 4k. I immediately got out this morning. I use WB and at first I thought I got IV crushed when the market opened. And then, the price immediately skyrocketed and I closed my cons right after. Biggest move ever for me.

Accomplished_Suit651

HBO Max rebranded to Max rebranded back to HBO Max. Good going WB

EmergencyMelodic1052

I'd try to roll them out like several months and wait for a pullback. I honestly think we're in a "fake pump" right now. I think institutions are trying to slowly sell there positions and get out from alot of stuff. WB has a cash pike for a reason.

HeftyZookeepergame79

I pulled out right before WB did actually and I know I’ll get downvoted cuz time in the market beats timing but I sleep well at night and time will tell the consequences of the unprecedented times we’re living right now.

NothingLikeCoffee

Yeah WB stopped trading in stocks fairly early.  He was after the businesses themselves. 

Miserable_Rube

So youre saying the son of a congressman doesnt have a leg up on the rest of us? I mean, obviously props to WB, but he didnt start with nothing.

Aware_Ad_5096

Yeah it’s real easy when you were born with… oh wait nevermind… he’s just smart and quiet and doesn’t ALL want power and money… Cheers WB

PulIthEld

"I do think that the fundamentals of all of it though is about having a currency that does not get debased. What that does to the stability of the society, where all the people that trust their government get screwed, and all he people that figure out ways to profit off of it become rich or richer and I dont think you want a society that operates in that manner. So anyway.." WB

ShadowLiberal

WBD has a TON more debt then Netflix, which is definitely weighting the stock down. Long story short, Zaslav clearly overpaid for the WB assets from AT&T.

Phantomofthecity

WB is overrated. He made his fortune on easy mode yet everyone admires him.

19andbored22

Im soo happy that i have calls for Berkshire anything happen and the shit goes up only time it goes down when the big WB left but it climbing back up

IdioticUlt1mara

Swap over to a better broker? Thats what I did when I moved from RH to WB. I will change to Ocean One when I have the money to

CressOverall7400

It's fucking over - WB

imrickjamesbioch

Surprise? Dude is like 469 years old and there’s been talk bout him stepping down for the past year. Part of the speculation why BRK was liquidating so much stock beside cuz the orange clown was he wanted to leave his successor a pile cash to run the company / investments without worrying bout being compared to WB.

BudmasterofMiami

WB will jump back into the market soon and drive one last massive Big Kahuna tidal wave rally to push the Dow over 50,000 and Nasdaq to 25,000 by EOY.

invincibleparm

Because they expected him to be there forever. WB is something of an oddity now- value investment is something that isn’t some much on the bigger market anymore. A lot of investors look for his insight and many have come to trust his views on shifting markets. I think more than shock, they realized that there just isn’t another solid trader like him anymore. Last of his kind.

Kitchen-Agent-2033

I could have won… JB. I could have bought low, sold high… WB. But they forced me into toddy time, at 3pm, before my nap.

spreadsheets-ata

How do you feel about following up such a legendary figure as WB? Does it worry you, excite you, etc?

blufin

Disney and Amazon not so much because they make the bulk of their profits elsewhere. With Netflix, WB and Paramount, it's going to depend on how streaming is treated. It probably will have a detrimental effect on their share price until the effects are clarified.

MDInvesting

“Envy the worst of the 7 deadly sins.” - WB

Prudent_Ad8320

The heads of many of the studios (WB, Paramount, Amazon) are pretty conservative

theandysho

If you think WB hasn't aligned every variable in the direction of him leaving three years ahead of him doing it, you definitely belong here.

Ok_Pineapple_5700

That movie was made by WB

568Byourself

No chance in hell I’d trade places with WB, im like 60 years younger and believe it or not, I have a lot less money than him

Eastern-Joke-7537

Maybe WB likes “Lost In Translation”.

maha_Dev

lol…. He wouldn’t touch that dumpster fire with a 10 foot pole! WB only adopted a part of that dumpster fire! J.POW however, was born in that dumpster fire!

nlurp

Not sure if in the current environment that is good news. But I see your point. They will have to diversify to growing demographics regions thou and I am not sure that will happen that easily. The US is stirring the order too much for me to be sure I would bet on Japan like WB, but he’s the furu

nlurp

True, but theirs is stunning and obvious case at that. How do you reconcile that reality with what WB said yesterday?

Lucid_Interval2025

I sold a huge stake in BH earlier this year in anticipation of his death. Also, the company is too large to grow like it has in the past. Even WB admits this.

repost4profit

Previously, when WSB talked of WB's timely demise, y'all'd say the stock would shoot up. Now it's all doom and gloom. Y'all inversed yourselves

qw1ns

IMO, This is to make sure no abrupt fluctuations at some future days later. If new CEO runs the company, WB can be in sideline help and will not create panic.

cxr_cxr2

You’re absolutely right. But the financial point here is how little WB trusts the current economic situation

Gh0StDawGG

“Peace out my ninjas!” - WB

Paul_Robert_

WB right after he feels a heart attack coming: One...last...SPY 0DTE yolo...Guh ☠️

Full_Computer_3595

Waiting for WB yolo wirh those 330 bil

BudmasterofMiami

Would love to see WB make one last stand and jump back into a few companies and drive the market sky high.

Confusedcious-say

"I think 330 billion is enough to retire." WB, probably 

Wows_Nightly_News

Oh just WB retiring upon on his mound of Pesos

Trader0721

I’m tired of folks jerking off WB…keep working the rest of us behind Wendy’s and you can work him on your own time

Playingwithmymoney

“people got emotions… but you gotta’ check em’ at the door when you invest.” - WB 

Top-Bit-5340

WW3 is coming, get ready - WB

Dry-News9719

30yr - 5yr blah Blah. People seem to think WB will live forever. Don’t mean Warner Bros by the way. There isn’t much out there yielding 4 - 5 % annually for starters.