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Warner Bros. Discovery Investors Sue Over ‘Significant Losses and Damages’ Caused by NBA Rights Fallout
The WrapStory by Benjamin Lindsay
scrn logline
Warner Bros. Discovery faces backlash from investors over botched NBA rights negotiations, sparking a lawsuit over major financial losses.
beat sheet
- The lawsuit alleges that WBD and CEO David Zaslav misled investors about the company's ability to retain the NBA rights, leading to a stock price plunge.
- Insiders say the failed talks were a major setback for Zaslav's ambitious plans to transform WBD into a sports media powerhouse to rival Disney and other giants.
call sheet
David Zaslav, Warner Bros. Discovery, National Basketball Association