Warner Bros. Vote on Netflix Deal Expected in March
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Should l Buy WBD?
Source: seekingalpha
- Vote Timing Anticipated: Warner Bros. Discovery (WBD) is expected to hold a vote on its deal with Netflix (NFLX) in the first couple of weeks of March, according to sources, indicating a proactive approach to strategic partnerships.
- Stock Price Reaction: Following the voting news, shares of Warner Bros. rose by 1%, while Netflix saw a 2.1% increase, reflecting market optimism regarding the potential collaboration between the two companies.
- Market Attention: Despite reports of filmmakers and small theaters urging state attorneys general to block the Netflix-Warner Bros. deal, the market remains positive about the potential partnership, highlighting investor expectations for industry consolidation.
- Future Outlook: As the vote approaches, investors and analysts will closely monitor the progress of this deal, believing that a successful collaboration could provide new growth opportunities for both companies, especially in the increasingly competitive streaming market.
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Analyst Views on WBD
Wall Street analysts forecast WBD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WBD is 24.98 USD with a low forecast of 14.75 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
5 Buy
9 Hold
0 Sell
Moderate Buy
Current: 26.760
Low
14.75
Averages
24.98
High
30.00
Current: 26.760
Low
14.75
Averages
24.98
High
30.00
About WBD
Warner Bros. Discovery, Inc. is a global media and entertainment company that creates and distributes a portfolio of branded content across television, film, streaming and gaming. The Company's segments include Studios, Networks and DTC. Studios segment primarily consists of the production and release of feature films for initial exhibition in theaters, production and initial licensing of television programs to its networks/DTC services as well as third parties, distribution of its films and television programs to various third party and internal television and streaming services, distribution through the home entertainment market, and others. Networks segment primarily consists of its domestic and international television networks. DTC segment primarily consists of its premium pay-TV and streaming services. Its brands and products include Discovery Channel, Max, DC, TNT Sports, Eurosport, HBO, HGTV, Food Network, OWN, Investigation Discovery, TLC, Warner Bros., and Cartoon Network.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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