Why Is Everyone Talking About Warner Bros. Discovery
The April merger of AT&T's WarnerMedia division and Discovery to produce Warner Bros. Discovery (NASDAQ: WBD) has investors talking about whether this entertainment and streaming giant is a stock to buy.
It's a new company, and its financials are initially going to be messy as two cultures are joined together, but even more so because of the potential for a recession to hit. With rampant inflation, elevated gas prices, and rising interest rates, consumers are likely to start aggressively culling their streaming subscriptions as well as how they spend any discretionary dollars.
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Source Fool.com
