Warner Bros. Discovery Investors Sue Over ‘Significant Losses and Damages’ Caused by NBA Rights Fallout

Story by Benjamin Lindsay

Image from The Wrap

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Warner Bros. Discovery faces backlash from investors over botched NBA rights negotiations, sparking a lawsuit over major financial losses.

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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.

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David Zaslav, Warner Bros. Discovery, National Basketball Association