Warner Bros. Discovery Shares Fall After Losing Media Rights Deal With NBA, Macquarie Rating Cut-March 2024-www.financetom.com

Warner Bros. Discovery Shares Fall After Losing Media Rights Deal With NBA, Macquarie Rating Cut

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Warner Bros. Discovery Shares Fall After Losing Media Rights Deal With NBA, Macquarie Rating Cut

Jul 25, 2024 7:58 AM

10:40 AM EDT, 07/25/2024 (MT Newswires) -- Warner Bros. Discovery ( WBD ) shares dropped 6% in recent Thursday trading after losing a media rights deal with the National Basketball Association, and Macquarie downgraded the stock to neutral from outperform.

Several news outlets reported Wednesday the NBA has turned down an offer from Warner Bros. Discovery ( WBD )-owned TNT Sports because it did not meet the terms of the offer from Amazon.com's ( AMZN ) Amazon Prime Video.

The NBA said late Wednesday it has renewed its partnership with Walt Disney ( DIS ) and signed new agreements with Comcast ( CMCSA )-owned (CMCSA) NBCUniversal and Amazon ( AMZN ).

Price: 7.94, Change: -0.53, Percent Change: -6.26

Previous page： Airbus delivered about 760 jets in 2024, 10 short of annual goal, Bloomberg News reports Next page： Hudbay Gets Air Quality Permit for Copper World Project; Shares Rise

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Airbus delivered about 760 jets in 2024, 10 short of annual goal, Bloomberg News reports

Jan 2, 2025

(Reuters) - Airbus fell just short of meeting its annual delivery target for 2024 by handing over about 760 aircraft to customers, Bloomberg News reported on Thursday. Deliveries in December alone came close to 120, the Bloomberg report added, citing people familiar with the numbers, who cautioned that the final tally for the company may slightly differ. (Reporting by Rishabh...

Hudbay Gets Air Quality Permit for Copper World Project; Shares Rise

Jan 2, 2025

11:55 AM EST, 01/02/2025 (MT Newswires) -- Hudbay Minerals ( HBM ) said Thursday that the Arizona Department of Environmental Quality granted an air quality permit for the Copper World project. It is the final major permit required for the development and operation of Copper World, which is expected to produce 85,000 tonnes of copper per year over an initial...

Quisitive Up Near 50%, Hits 52 Week Highs After H.I.G. Capital Bid

Jan 2, 2025

11:52 AM EST, 01/02/2025 (MT Newswires) -- Quisitive Technology Solutions ( QUISF ) was up near 50% and had hit 52 week high levels on Thursday after it entered into an arrangement agreement that will see an affiliate of H.I.G. Capital buy all of the issued and outstanding common shares of the company for a total equity value of about...

Hindenburg Shorts Carvana Stock, Claims Used Car Retailer's Turnaround Is A 'Mirage'

Jan 2, 2025

Short seller Hindenburg Research is betting against Carvana Co ( CVNA ) with the stock up more than 300% over the past year. Despite the bearish report, shares are moving higher on Thursday. Here’s a look at what you need to know. What To Know: Hindenburg announced a short position against used car retailer Carvana on Thursday in a report...