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Warner Bros. Discovery Stock Jumps on Max Streaming Momentum, Upbeat M&A Outlook
Warner Bros. Discovery stock rose on momentum in the Max streaming biz and the potential for Trump to grease the wheels for industry consolidation.
Discovery stock to its highest levels in nearly nine months, rallying behind progress on its Max streaming business and the possibility that a Donald Trump administration could grease the wheels for industry consolidation. On the earnings call with analysts Thursday, WBD CEO David Zaslav says the company expects to “meaningfully exceed” its goal of $1 billion in streaming profit in 2025. Global streaming and games chief JB Perrette said Max will kick off some “very soft messaging” about password sharing before the end of the year, which is a “form of a price rise” for the service.
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