This media giant is in a downward spiral

The discovery of Warner Bros (NASDAQ: WBD) seems to have a good position in streaming. Its HBO shows are hits, and there’s plenty of sports and other content to make for a compelling service. But the business is bleeding money and losing the NBA. Travis Hoium shows why the company is already on a downward spiral in this video.

*The stock prices used were the closing prices on August 12, 2024. The video was published on August 12, 2024.

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