Warner Bros. Discovery stock spikes
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Warner Bros. CEO David Zaslav Reveals Why HBO Max Isn't Pushing on Password Sharing crackdown... Yet
Warner Bros. Discovery CEO David Zaslav recently explained why the company hasn’t made cracking down on HBO Max password sharing a priority thus far.
Shares of Warner Bros. Discovery spiked more than 33% Thursday on a report by the Wall Street Journal that Paramount Skydance is prepping a takeover bid of WBD in its entirety.
The Wall Street Journal reported Thursday that the Ellison-backed Paramount was preparing a largely cash bid for Warner Bros., which owns CNN, HBO and the fabled movie and TV studio.
The company might just be the target of a determined buyer in the entertainment business.
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The quality of content on HBO Max, as well as WBD's motion picture and TV productions, "gives us a chance to raise price," Zaslav said, according to The Hollywood Reporter. "We th
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