WARNER BROS DISCOVERY INC Stock Price, News & Analysis

Warner Bros. Discovery (NASDAQ: WBD) has announced its corporate restructuring plans, splitting into two separate companies by mid-2026. The "Streaming & Studios" division will be named Warner Bros., encompassing Warner Bros. Television, Motion Picture Group, DC Studios, HBO, HBO Max, and Gaming Studios. The "Global Networks" division will become Discovery Global, managing brands like CNN, TNT Sports, Discovery, and Discovery+ streaming service.

David Zaslav, current WBD CEO, will lead Warner Bros. as President and CEO, while Gunnar Wiedenfels, current WBD CFO, will serve as President and CEO of Discovery Global. The companies have announced comprehensive leadership teams and are currently searching for additional key executive positions including CFO and Chief People & Culture Officer at Warner Bros.

Warner Bros. Discovery (NASDAQ:WBD) has signed a multi-year agreement with VideoAmp to enhance measurement and currency solutions across their advertising platforms. The partnership will leverage VideoAmp's advanced data and measurement solutions for linear, digital, and cross-platform campaigns during the 2025 Upfront season and beyond.

Key achievements include 3.2x more unique targetable IDs compared to traditional methods through VideoAmp's data clean room technology, representing a 200% increase in match rates. Campaigns using VideoAmp's technology achieved an average 14% incremental digital reach lift for linear buyers while maintaining overlap reach below 2.5%.

Warner Bros. Discovery (NASDAQ:WBD) announced it will release its Q2 2025 financial results on Thursday, August 7, 2025, before market opening. The company will host a conference call at 8:00 a.m. ET to discuss the results.

The earnings materials and live webcast will be available on the company's investor relations website starting at 7:00 a.m. ET. A replay of the call will be accessible via phone until August 14, 2025, and the webcast recording will remain available in the investor relations section for twelve months.

Warner Bros. Discovery (WBD) has announced the pricing terms for previously announced tender offers by its subsidiaries to purchase substantially all of their outstanding notes and debentures. The tender offers include multiple pools of notes with varying acceptance priority levels and tender caps.

For Pool 1 Notes, which has a $3.75B tender cap, DCL will accept all tendered 4.900% Senior Notes due 2026 and 1.90% Senior Notes due 2027, while WMH's 3.755% Senior Notes due 2027 will be prorated at approximately 68%. The Total Consideration includes an Early Tender Premium of $50 per $1,000 principal amount or €50 per €1,000 principal amount.

The offers will expire on July 9, 2025, with holders who tendered by the Early Tender Deadline of June 23, 2025, eligible for the Total Consideration plus accrued interest.

Warner Bros. Discovery (NASDAQ:WBD) announced the early participation results of its cash tender offers for substantially all outstanding notes and debentures issued by its subsidiaries. The tender offers, launched on June 9, 2025, received significant participation across multiple note pools.

The company received the Requisite Consents for proposed amendments to the Indentures by June 13, 2025, and supplemental indentures were executed. The withdrawal deadline passed on June 23, 2025, after which tendered notes can no longer be withdrawn except in limited circumstances.

The tender offers span six different pools of notes with various tender caps, including a $3.75 billion cap for Pool 1, €800 million for Pool 2, and $8 billion for Pool 4, demonstrating a substantial debt management initiative.

Warner Bros. Discovery (WBD) announced receiving the required consents for proposed amendments in its cash tender offers and consent solicitations. As of June 13, 2025, the company received sufficient tender instructions and consent for multiple series of notes across six different pools. The tender offers will expire on July 9, 2025, with an early tender deadline of June 23, 2025. Holders who tender by the early deadline will receive the Total Consideration including the Early Tender Premium. WBD plans to exercise its Early Settlement Right on June 30, 2025, for notes tendered by the early deadline. J.P. Morgan Securities is acting as Lead Dealer Manager, with Evercore Group as Co-Dealer Manager for the offers.

Noodles & Company (NASDAQ: NDLS) has partnered with Food Network to highlight four "Food Network Favorites" from its recently reinvented menu. The selected dishes include Basil Pesto Cavatappi, Buffalo Chicken Ranch Mac & Cheese, Rigatoni Rosa with Parmesan Chicken, and Lemon Garlic Shrimp Scampi. This partnership follows Noodles' March menu reinvention, where more than two-thirds of items were new or improved. The collaboration aims to showcase the restaurant's culinary craftsmanship and value proposition, combining Food Network's expertise in flavor with Noodles & Company's specialty in noodle-focused dishes. The selected items feature enhanced ingredients and recipes, including aged Parmesan, fire-roasted tomatoes, and signature sauces, available nationwide at Noodles & Company locations.

Warner Bros. Discovery (WBD) has launched a major debt tender offer through its subsidiaries to purchase up to $14.6 billion of outstanding notes and debentures. The offer, announced on June 9, 2025, includes multiple pools of notes with varying tender caps and priority levels. Holders who tender by the Early Tender Deadline of June 23, 2025, will receive the Total Consideration including an Early Tender Premium. The offer includes various series of notes with different maturity dates and interest rates, structured across six different pools. The tender offer is accompanied by consent solicitations for certain amendments to the indentures. The final expiration time is set for July 9, 2025, unless extended or terminated earlier.

Warner Bros. Discovery (WBD) announced plans to split into two separate publicly traded companies through a tax-free transaction. The first company, Streaming & Studios, will include Warner Bros. Television, Motion Picture Group, DC Studios, HBO, and HBO Max, led by current WBD CEO David Zaslav. The second company, Global Networks, will comprise entertainment, sports, and news brands including CNN, TNT Sports, Discovery, and digital products like Discovery+ and Bleacher Report, to be led by current CFO Gunnar Wiedenfels. The separation aims to provide each company with greater strategic flexibility and focus. Global Networks will retain up to 20% stake in Streaming & Studios. The transaction, supported by a $17.5 billion bridge facility from J.P. Morgan, is expected to complete by mid-2026.