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Warner Bros. Discovery Hit With Investor Lawsuit Over Loss of NBA Rights
The Hollywood ReporterStory by Winston Cho
scrn logline
Warner Bros. Discovery faces investor lawsuit over losing NBA rights, leading to massive $9.1 billion write-down.
beat sheet
- Investors allege WBD misled them about the impact of losing NBA rights on its business, which triggered a $9.1 billion impairment charge.
- WBD's CEO David Zaslav had touted the company's 'constructive and productive' NBA negotiations, but an exec later admitted they knew the rights loss could trigger a reevaluation.
call sheet
David Zaslav, Gunnar Wiedenfels, Ernie Johnson Jr., Charles Barkley, Kenny Smith, Shaquille O'Neal, Warner Bros. Discovery, NBA, Disney, NBCUniversal, Amazon, Inside the NBA