A Warner Bros Discovery office in New York, US, on Saturday, Feb. 17, 2024. Photo: Yuki Iwamura/BloombergWarner Bros. Accused of Misleading Investors on NBA Talks
Richard Collura alleges that Warner Bros. only came clean about the riskiness of its contract renegotiation efforts in August, after it logged a $9.1 billion noncash goodwill impairment charge from, among others, “uncertainty related to affiliate and sports rights renewals, including the NBA.”
November 26, 2024 at 06:07 PM
3 minute read
A Pomerantz-represented investor sued Warner Bros. Discovery in New York federal court, alleging that the media giant misled investors on the chances of maintaining its lucrative broadcasting deal with the National Basketball Association amid competition from Amazon.
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