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Warner Bros. Discovery Hit With Investor Lawsuit Over Loss of NBA Rights

The Hollywood Reporter
Story by Winston Cho
from The Hollywood Reporter
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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
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