1 Warning Before You Buy Warner Bros. Discovery Stock
A smart strategy when trying to find areas to invest capital in is to look at broad secular trends. One of the most prominent ones over the past decade has been the ongoing shift from traditional cable TV to streaming entertainment. Major companies like , Walt Disney, and Amazon have spearheaded this movement.
Investors looking to put money to work by buying streaming stocks might also be seriously considering Warner Bros. Discovery (NASDAQ: WBD), a new entity that was formed last year after the merger of Discovery and 's WarnerMedia unit. But there's something you should know about this business first. Read on to learn what I'm talking about.
With 2022 revenue of $33.8 billion, there's no denying that Warner Bros. Discovery is a media and entertainment juggernaut. It has business lines that span traditional cable networks like TNT and CNN, movie studios like Warner Bros. Pictures and DC Studios, and streaming services like HBO Max and Discovery+. The company certainly has well-known intellectual property.
Source Fool.com
