Warner Bros. Discovery Stock News

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Warner Bros. Discovery (NASDAQ: WBD) stock price has collapsed to a record low as concerns about the company's future and valuation continued.

Paramount Global's shares are down more than 30% so far this year, while Warner Bros. Discovery's shares are down nearly 36%.

The world's largest media companies garnered mixed reviews in 2023.

Spotting comeback stocks is important since they frequently indicate underlying strength and the prospect of large returns. Fundamentally, these stocks can rise from their current lows to all-time highs.

Warner Bros. Discovery (WBD) is expanding its reach into live sports by picking up a 10-year contract to broadcast the French Open tennis tournament, also known as Roland-Garros, in the U.S. beginning in 2025.

Warner Bros Discovery's TNT Sports has signed a 10-year deal to broadcast the French Open in the U.S. starting next year, the media giant said on Tuesday, as it looks to strengthen its coverage of live sports.

Warner Bros. Discovery's TNT Sports will be the exclusive broadcaster of the French Open in the U.S. beginning in 2025.