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

Story by Winston Cho

Image 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.

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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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