It's probably an understatement to say the streaming landscape has become incredibly competitive in recent years, with a seemingly endless number of options available for viewers to choose from. Clear leaders like Netflix, Walt Disney's Disney+, and Amazon Prime Video have hundreds of millions of subscribers each -- not to mention the fact they have deep pockets to continue investing heavily in fresh content. 

However, a smaller rival might be an attractive investment candidate for those looking outside of the obvious streaming stocks for potential opportunities. To be more specific, is Warner Bros Discovery (NASDAQ: WBD) one such possible portfolio addition? Let's take a closer look to find out if you should buy this company in 2023.  

Formed after the completed merger of Discovery and AT&T's WarnerMedia, the business is now an entertainment powerhouse. Popular content that the company offers are channels like TBS, CNN, and HGTV, and streaming services HBO Max and Discovery+. Management plans to combine the two streaming services into one offering this spring, which would create a service that has a broad range of great shows and movies. 

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Source Fool.com