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Warner Bros. Discovery history: Beyond the Ticker

Warner Bros. Discovery (WBD) – a company with deep roots in the entertainment industry for over a century – was only formed a short two years ago. Beyond the Ticker takes a deep dive into the media giant’s history, as it grapples with legacy media challenges and looks to build its streaming business into a serious industry player. 1923 Warner Brothers was founded on April 4, 1923, and quickly built itself into one of the Big Five American studios, alongside Universal Pictures (CMCSA), Paramount Pictures (PARA), Walt Disney Studios (DIS), and Sony Pictures (SONY). 1966 The Kinney National Company was formed. Its media division became Warner Communications. 1982-1985 Discovery was founded as the Cable Educational Network. The Discovery Channel launched soon after in 1985. 1990 Warner Communications was established as Time Warner, following a high-profile merger with Time Inc., that created the largest media company at the time. 1996 Time Warner purchased the Turner Broadcasting System in a $7.5 billion deal. That led to the acquisition of assets like HBO, Cinemax, Warner Bros. Studios, CNN, and Turner Sports. 2018 Time Warner was acquired by AT&T (T) for $85.4 billion. It was renamed WarnerMedia. 2022 The two companies officially merged after WarnerMedia was spun off by AT&T, joining forces with Discovery in a deal valued at $43 billion. Trading began on the Nasdaq on April 11, 2022, under the new ticker symbol WBD. Shares opened at $24.08 per share. 2023 The joint company’s first major project – the streaming launch of Max – offered content from Warner Bros., Discovery Channel, HBO, CNN, Cartoon Network, Animal Planet, and more. But despite various profitability hurdles, Warner Bros. Discovery is still aiming for a top spot in the ever-evolving entertainment industry – with investors awaiting its next wave of innovation. From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street's trending companies and how they transformed into the financial icons they are today. Check out more of our Beyond the Ticker series, and be sure to tune in to Yahoo Finance. Editor's note: This video was produced by Zach Faulds.

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  Dutch Bros stock jumps on Q1 earnings, raises 2024 guidance

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  Tesla probe, Reddit earnings, market outlook: Morning Brief

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Reddit's AI licensing deals may be top driver of growth: Analyst

Reddit (RDDT) posted its first quarter results since its IPO, revealing a 39% surge year-over-year in advertising revenue. In addition, Reddit's second quarter revenue guidance surpassed analysts' estimates, signaling continued momentum for the company. Bernstein Internet Equity Research Analyst Mark Shmulik joins The Morning Brief to discuss his wait-and-see approach to Reddit's value going forward. Shmulik elaborates on Reddit's deals to license its data for generative AI platforms: "The biggest deal is obviously the Google (GOOG, GOOGL) one to kind of ingest that real human kind of data into some of those generative AI, the Gemini results, and I think we'll see if Google sees real value in it, that it helps kind of create more authenticity in the responses, not who can kind of scam the algorithm the best or flood the algorithm the best to kind of deliver whatever results they want we'll see if the others kind of come on board." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino

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  Reddit stock rises after first quarterly report on higher-than-expected earnings forecast, AI hopes

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  Reddit pops on earnings report, but can AI fuel future growth?

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Earnings, DOJ's Tesla probe, Reddit's guidance: 3 Things

Uber (UBER), Lyft (LYFT), Twilio (TWLO), and Shopify (SHOP) are the latest companies to report earnings after the bell on Tuesday and before Wednesday's market open. The US Department of Justice (DOJ) is looking into supposed securities and wire fraud as part of its probe into Tesla's (TSLA) Autopilot capabilities and full-self driving functions, according to a Reuters report. Reddit (RDDT) shares continue to surge in Wednesday's pre-market session after topping first-quarter earnings estimates and reporting a spike in daily active users. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.