Warner Bros. Discovery Split: Repeating The Error Of The AT&T Deal Is No Solution

(11min)

Summary

  • Splitting Warner Bros. Discovery has its positives, but is also a ride on a dead-end street. We've already learned that post the AT&T mess.
  • With the majority of WBD debt being dumped onto the Global Network piece, the risk factor for holders goes up.
  • Best case post-spin off: Streaming gains continue strong and Superman outperforms studio projections. Mr. Market will respond.
Warner Bros. Film Studio in Burbank, CA

Merkuri2/iStock Editorial via Getty Images

Above: Warner's IP is strong but a long tail from origins.

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Here's some selected fledgling rhetoric back in a

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Howard Jay Klein has 30 years of experience as an executive and consultant in major casino operations. His background includes: Ballys, Trump Taj Mahal, Mohegan Sun, and Caesars Palace in Las Vegas. He is a value investor first, using management quality to inform his investment ideas. Howard is the leader of the investing group The House Edge where he shares actionable research for investing in the casino, online betting and entertainment industries. His intelligence network is extensive throughout the US gambling and entertainment sectors from customer facing employees, to mid-management to csuite senior managers and boards.

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