WBD

Accomplished_Oil2083

$WBD drop tonight?

dogefool88

President says NFLX and WBD deal can be a problem. How will this impact both these stocks?

escobartholomew

Lmao! That’s like ultimate paper hands. Sold WBD at the bottom of the Covid recession.

WickedSensitiveCrew

What are you talking about. Point of the thread is to make fun of Paramount CEO. It positive toward WBD.

RIFcomeback

All I want to know is if I should buy WBD shares

bitchstolemyremote

I'd rather not have NFLX near WBD. They ruin beloved franchises by turning them over to idiots who have no track record. They green lit thousands of TV shows and have a handful that are even worth watching once. WBD is the exact opposite

Accomplished_Oil2083

So WBD gonna dip tomorrow?

PhilosopherScary3358

Does Trump want Ellison to get it? "Paramount was exploring launching a hostile bid by appealing directly to WBD shareholders with a higher all-cash offer of $30 a share, accusing WBD's board of bias toward {Netflix's competing bid and calling the sale process "tainted," according to late 2025 reports.)"

dimeslime1991

This. AT&T for about 20 years tried to expand out of telecom into entertainment and completely botched it, and spent a lot of time in denial about it before getting the current CEO who has focused on advancing their telecom capabilities, paying down debt and selling assets they don’t need like WBD

WickedSensitiveCrew

It took Netflix buying WBD for WBD threads to happen more frequently on this sub lol. It feels like if Comcast had won would have been one thread and then people move on like the UNP railroad deal.

Viktri1

AT&T is the prime example of why spinning off companies can be accretive. AT&T executives destroyed so much shareholder value its insane. Imagine if they didn't fuck up with DirectTV, supported WBD, etc. They could easily have been 2-3x bigger over 2-3 years if they weren't so shit at this.

ugly_male

ATT shareholders also got some WBD shares out of the divestiture. Not that it came to be worth anything much, but I’m glad to be offloading of them for some change and a bite of NFLX shares.

Fuehnix

In 2021, WBD was over $77 per share, still only at $26. Four years ago exactly, it was at $23.99

WinstonSalemSmith

Trump hates CNN, so it is understandable that he would prefer that Paramount purchase the entire WBD company and reshape the network. Netflix is not purchasing the TV ops (which are being carved out separately), so it isn't necessarily the case that the Trump administration would block the deal, ie Trump wants CNN under conservative control, which could be arranged separately. Netflix is not a news company. Bottom line: sale of WBD to someone is highly likely, Trump admin likely to approve.

OrdinaryReasonable63

Now that Netflix won the bid for WBD, anyone else think Ellison is probably eying Comcast/NBCUniversal?

Bagel_Technician

WBD is going to be acquired no matter what All this admin would do is pick who gets to buy them

NoctRob

They didn’t sell WBD. They spun it off and loaded it up with a dickload of debt. You dumb as hell.

tundraaaa

This is directionally correct but gets key details wrong. AT&T spun out Warner Bros, which then merged into Discovery; AT&T shareholders received WBD shares from the spinout.

bostonguy6

Buying WBD was a stupid, anti-strategic move. WBD is big in theatres- kryptonite for Netflix! And WBD will use judgement to place long bets on storyline arcs across movies. Netflix looks at hour-by-hour numbers and pulls the pilot eject cord at a moments notice Oil and water. They are only doing this as political favors to TPTB to delay Ellison and Trump from taking over CNN and releasing a “Twitter files”-esqe expose of the horseshit going on over there. There’s no way this deal is going to happen. Both sides of the isle are agast at the idea. And Netflix is gonna pay $5 Billion for the privilege of getting their nose rubbed in shit for the next year. Dumbest boardroom move I’ve seen in a long time.

BrannEvasion

This is one of the dumbest things that gets repeated on Reddit. If WBD stock doubled because the dollar lost half its value and "everything is twice as expensive", then it follows that WBD's revenue would be double what it was in 2022. In reality its revenue has increased by about 12%.

PrivateMarkets

You don’t have all the facts correct. AT&T spun off their media division (HBO WB) which then combined with Discovery. AT&T shareholders continue to own 71% of WBD (every T shareholder received shares of the new business).

Ordinary_Skin7951

Correction to this.. pending USG approval, Netflix is buying WBD without Discovery. That approval is highly questionable at this point in time…

LateralEntry

Come to think of it, how the heck did WBD double in value in four years? Is Zaslav really that good?

Always_Curious_One2

Zaslov who’s paid himself about $50mm a year for a long time despite badly Underperforming is now going to be a Billionaire based on his overly generous equity grants. The WBD board should be Shamed !!

LogicalT54

CEO doesn't give a \* as long as he got a big bonus for selling WBD.

Distinct-Race-2471

Netflix is buying WBD without Discovery.

switch8000

You're missing steps:. Spun off WB for $45B to Discovery Inc. Discovery Inc. was worth 34B alone somewhere around that time. Then that formed the WBD that is worth 80B WBD bought by Netflix for $83B. So really +-5B is the difference.

dancinadventures

WBD was worth more than 150bn in peak covid and 100bn in 2011-2012 Sounds like Nflx should’ve made a bid earlier in the year

MyNameIs-Anthony

Literally every time any aspect of WBD's constituent parts has been acquired, the company ends up getting royally fucked financially.

Risko4

Let's clarify this, WBD recorded a $9.1 billion non-cash impairment charge on its television network assets, citing uncertainty over fees from cable and satellite distributors and the renewal of sports rights. The asset write-down was linked to the potential loss of NBA broadcasting rights, a major concern for investors. https://s201.q4cdn.com/336605034/files/doc_earnings/2024/q2/earnings-result/WBD-2Q24-Earnings-Release.pdf I don't think you understand what a "non-cash impairment charge is" Now the rest of the years. +1.54, +1.81, +2.88, +0.86, -0.59, +1.96, + 1.58, +1.66, +1.49, +1.24, +2.8, do I need to continue?? Yeah you're an idiot you've cherry picked the 3 worst years lmao, without actually understanding EPS data. Fuck off and thanks for providing my point. Calm down mini warren buffet, you're going to make it...

Spins13

Doesn’t help that they shit the bed with Star Wars too. NFLX management is actually good so doubtful this would happen on a big WBD franchise

SlfImpr

Saw this on X: >BREAKING: >"$WBD is far more likely to collect its $5.8 billion breakup fee than getting the $NFLX deal through the regulatory process.”- A Trump Administration regulator speaking on the condition of anonymity

Mossad_psyop

I have multiple positions this is like 8% of my portfolio. I don’t think it’s much of a stretch that NFLX will be back above 103 in at least the next few months. Plus the WBD acquisition will transform Netflix into even more of a juggernaut than it already is. I’m comfortable holding shares for years and rolling out calls if I need to.

WickedSensitiveCrew

It took Netflix buying WBD to get some WBD threads on here lol.

Charming_Squirrel_13

I think only anyone bag holding WBD wants the sale to go through.

Smart_Improvement860

The longer you keep those stocks the more capital gains you will have. The merger with WBD won't happen for another 1 to 2 years. Apparently Congress wants to mess everything up like they did with Microsoft back in the day, which didn't do anything other than make Apple products incompatible with Microsoft products wasting millions of dollars on development to integrate the two. Remember when excel and word couldn't run on Apple after Congress did that? I do...Anyway...

TooBoredToLiveLife

Since psky lost WBD can they even grow anymore?

apurimac777

Stock went down with the announcement (it tends to do thay with the buying company) You wanted long calls on WBD

robmafia

> NFLX and WBD are firing on all cylinders. are you actually this dumb? wbd has been losing money for ages. in what universe are they firing on all cylinders?

TomatoSpecialist6879

They spent billions buying WBD at a premium of $28 per share, they aren't making that money back from subscriptions considering NFLX's retarded management is going to field shit like Black Superman and genderfluid non-binary Batman which will alienate everyone from the show. Not that WBD was doing any better after multiple failures from making DEI slops from games to shows that had 0 storyline and shit premises.

LitterBoxServant

*Makes a compelling case to buy WBD* *Buys NFLX instead*

Snoo_96430

I rather NFLX get WBD than let's those disgusting Ellison's control more

LowWind7998

So WBD will offer $23.50 a share . You’ll loose -3$ in value on that stock but gain Netflix stock at 3-4$ making your overall profit positive but it’ll take a year or so. So hold for a year to get a share price of 27.50$ which is basically a dollar more than now .

lipmanz

If you can go back a year and buy WBD at 7

Lost_Percentage_5663

WBD priced its value to stock price. Just leave that unknown area to him.

its_probably_wine

I had success buying/selling calls Friday on WBD. Share price ticked up a bit. Now I just need the hype to continue for my Dec12 calls.

Internal_Field5970

There’s no way Netflix or really anyone could have fumbled GoT more than WBD did, so calls

ZEALOUS_RHINO

yea IMO thats all branding, marketing, and superior management. NFLX is run like a world class business while WBD is terribly mismanaged.

ZEALOUS_RHINO

Is that not a management issue? No reason WBD can't be streaming the Sopranos and Sex and the City in India. Costs next to nothing to distribute content.

Superest22

Saw the WBD takeover…got excited…realised I’d sold all my stocks a few months ago…got sad. I belong here.

Ok_Variation_4435

Should I sell my WBD now or wait for the possible Netflix takeover?

Gom_KBull

shoutout to [u/31andnotdone](https://www.reddit.com/user/31andnotdone/) for bringing up wbd deal and price diff a few times before open. The *6 Mar 20 2026 WBD 26 Call @ $0.73* i bought this morning is up 46% https://preview.redd.it/qy4jjficmg5g1.png?width=511&format=png&auto=webp&s=012f1da3119bc3094a4af91be38cf9a5091b4c5e

No_Hour6830

As far as I understand, there is a $5.8B breakup fee that Netflix would have to pay to WBD if the deal does not close either due to Netflix backing out or if the deal isn't approved by regulators. So the $5.8B is a vote of confidence from Netflix that they can get the deal through. On the Warner Bros side, there's a \~$2B fee they would have to pay to Netflix if Warner Bros backs out. I believe this would also need to be paid if Paramount successfully completes a hostile takeover of the company.

Skeptical_Duck_922

What about the Discovery Global spinoff that is supposed to close first? Do WBD shareholders get any part of that?

Mihermano2002

It did a stock split, looks like it’s losing support of $100, I could see this going cheaper and their recent acquisition of WBD wasn’t taken lightly by the market

lipmanz

4.50 of NFLX shares? So every 20 WBD gives you one NFLX?

RickJamesBoitch

I got some WBD in the stock split with T and it's been a real anchor up until recently.

RickJamesBoitch

If you have a handful of WBD shares, what's better, wait out the buyout to own a little NFLX+cash or cash out at $29/share of WBD?

Background_Drama6126

Yes, I already know how to define enterprise value. EV=(Market cap+total debt)-cash and cash equivalents I got the $87.2 billion dollar figure from one of the many financial news sites I follow. Actually, I just checked Finviz and it currently pegs the enterprise value of WBD at $95.16 billion dollars.

mtnrnnr802

That WBD deal really isn’t about to go through huh Larry fucking Ellison you ugly mfer

DiamondPotential2304

Yeah, but they will probably have to sell shares to buy WBD which isn't great for the stock.

Difficult_Physics704

I felt this too but didn't pull the trigger. I've fucked myself past few months missing WBD when it was $12 and GOOG at $200. How you make out today op?

PalpitationSmooth992

look at WBD just stuck to 25.8 destroying every single option SOFI 27.8 NVDA 181.8 everything ends in .8

DDJerrry

WBD was 8 and change back in March of 24.

_mully_

AT&T bought half of WBD (Time Warner) for more than that just a handful of years ago.

proteenator

If I were to buy WBD now, will it be consistent with the award winning strategy termed Buy High, Sell Low ?

greenpride32

Here's a quote from CNBC: >The deal is for WBD’s film studio and streaming service, HBO Max. Warner Bros. Discovery will still spin out its TV networks, which includes TNT and CNN, as previously planned. I mean this was all known before NFLX won the bidding war. NFLX even publicly said during last earnings call they have zero interest in legacy networks.

greenpride32

NFLX isn't buying the legacy networks platforms . WBD will split itself into "streaming and content" and "legacy TV networks" and NFLX is only acquring the former.

biz_student

True, it seems though that this repricing of WBD would have downstream implications for DIS as it highlights the market’s opinion on IP valuation. Interesting we haven’t seen any movement for DIS despite them having more IP, a better flywheel for exposing IP, and better profitability. Disney is very unlikely to auction themselves, but there are companies like BRK, AAPL, and AMZN that could buy Disney without financing.

Same_Bag711

Netflix was the far better company to buy WBD than Paramount. Assuming they stick to their word and keep movies in theaters for at least a bit, they are far more creative driven than garbage paramount. Train Dreams, a Netflix original, is one of the best movies this year and they have countless other films that are also creative driven projects. They make garbage as well but Paramount just wants to pump out reboots and sequels and is also ran by an absolute dipshit

Same_Bag711

Netflix was the far better company to buy WBD than Paramount. Assuming they stick to their word and keep movies in theaters for at least a bit, they are far more creative driven than garbage paramount. Train Dreams, a Netflix original, is one of the best movies this year and they have countless other films that are also creative driven projects. They make garbage as well but Paramount just wants to pump out reboots and sequels and is also ran by an absolute dipshit

barkinginthestreet

WBD had a market cap of $20b or so 6 months ago before the deal talk started in full. Add in $35b or so in debt, it seems like they got a 100% premium over market price. I'd guess if Disney decided to auction themselves off too, they would get a premium as well if they could line up multiple bidders. Problem is there are only a few companies that have the financial resources to put together a legit bid.

Aggravating_Fig6288

Over/under on Netflix executives making a “donation” to The 🌮Stand to get the WBD deal to go through? Need to figure out if this is a calls play or not

theb0tman

It’s been a dumb bit more for a lot of reasons, including WBD straight up telling the sky they want more money and sky just being like Nah but we really want you

BabaThoughts

Yep. Thinking, if maybe another Hail Mary sweeten bid, WBD could hit $30?

Non-profit-God

the cost to integrate the libraries is likely negligible and both warner bros and HBO have very strong IPs that they have yet to ruin and Netflix is a household name. The failure of WBD is sort of a unique management issue imo and doesn’t really indicate a unique issue with their content catalogue. The regulatory issue I think is the scariest thing because this could be a long dragged out process that could ultimately fail if the administration wants to give it to David Ellison

EvolvingDior

Trump want's sizable bribe before allowing NFLX to acquire WBD.

MericaMericaMerica

Yeah, that's about what my average cost is for WBD. Gonna buy some chicken nuggies.

Hiquirkykids

and WBD

carbontag

My old aunt has Warner Bros in her portfolio. Ever since her husband died, she’s been paralyzed re: reallocation. This is one case where it’ll benefit her — last year, when she was pitched an active management approach to her investments, her WBD stock had a value of about $11K. This deal will triple that for her. That won’t stop the old kook from Complaining about the taxes, though.

happylilbumhole

WBD free 10% I guess better than sitting in a checking account

SoWrongItsPainful

If someone were to buy WBD today, would they still get the $30 per share payout when the Netflix deal goes through?

WickedSensitiveCrew

It worked for buying WBD. People were saying WBD was a value trap when it was $8-10.

MysteriousDiscount6

What to do with WBD $15c expiring in two weeks? Seems like this deal won't close for months.

reaper527

> not a bad deal for people who bought WBD in recent months for like $8! or those of us who bought T back before the spinoff and ended up with a bunch of WBD shares.

D1rtyH1ppy

What happens to my WBD shares?

Happy_Discussion_536

Obviously they will hike, there's shitload new content coming. That's only fair. It won't be too bad though. Keep in mind they're also getting existing new subs from WBD.

diegodamohill

AT&T bought WB, but they couldn't manage it and then moved their debt to it then sold it. Discovery bought it, got even more debt (50B+)!, then spent the last few years just cutting cost as much as possible to reduce that debt, then when it got "low" enough (It's still gigantic) decided to split WBD into two companies, one with all the good IP, HBO, streaming etc, and the other will have cable, news and whatever else they don't care about. But most importantly, the second one gets all the debt, leaving the first one to be pristine and primed for buying so the top guys get a gigantic pay. That's when Netflix and Paramount got in with "I want that"

ZEALOUS_RHINO

True, but will Ellison make a bigger bribe to block the deal? He also wanted to buy WBD.

moorhound

I mean, I'm not mad about the play, I've been sitting on WBD since the deal rumblings. I am mad about what this man has done to the world, though. He made Ezra Miller famous. Plus, I was a Steve Irwin-era Discovery kid.

asc74O

They buy you out and give you $4.50 of NFLX for each WBD share owned.

Happy_Discussion_536

As a NFLX owner I love this. That said, WBD is at 52 weeks highs? It's not like they aren't getting something out of it.

moorhound

Props to WBD CEO David Zaslav and his amazing ability to turn anything he touches to shit for making this NFLX deal possible. This guy's like the Warren Buffett of shitty media. Took Discovery Channel and made it constant Street Outlaws/Deadliest Catch reruns. Green-lighted the first Suicide Squad and The Flash. Made HBO change it's name from HBO, to HBO Now, to HBO MAX, to just MAX, then back to HBO MAX, all while filling it with shitty reality tv. Just an absolute magician of hot garbage. Congratulations David, I hope you make billions off this deal and never touch anything related to media ever again, your damage has been irreparable

financefocused

They’re better run than WBD at the end of the day. Reddit likes to celebrate Netflix’s death every couple of years but Netflix keeps making money. I remember the account sharing controversy. If you browsed Reddit you’d think Netflix would shut down tomorrow. Ended up printing them a fuckload lol. Same for ads.

samwehl

I think Netflix knows the buyout won’t be approved, they just wanted to stop or prolong someone else buying Warner bros. I doubt paramount could afford it fr, and Comcast wouldn’t even know what to do with it if they got it. WBD puts ☝️

The-Ultimate-Banker

Good thing I bought WBD for 7$ last year

IslandExact429

Absolutely squeezed -$5k loss on leverage NFLX etf Think the WBD is more fat than moat. But maybe the real estate play will work Idk. Just make better movies. Knives out is the only decent Netflix film I remember watching

fomoandyoloandnogrow

This is extreme levels of corruption. If the administration tried to block Netflix from acquiring WBD there should be criminal investigations of government officials including those at the highest levels

Happy_Discussion_536

WBD acquisition is massive win for NFLX. Not surprised shit company like Paramount fell on its face.

dotcom-jillionaire

not a bad deal for people who bought WBD in recent months for like $8!