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Warner Bros
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Media Stocks Jump With Broader Market As Interest Rate Relief Seems Certain
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deadline.comMedia and entertainment shares are having a great day as are markets with the Dow, S&P and Russell 2000 all decisively on the upswing.
Investors are baking in an interest rate cut this fall with some pushing for relief as early as the Federal Reserve‘s July 31 meeting.
Showbiz stock are gaining pretty much across the board. Disney and Paramount Global gained 2%, Warner Bros. Discovery is up nearly 7%.
Stocks from Comcast to Fox to TKO, AMC Networks and AMC Entertainment are trading higher. Broadcasters are upbeat with Nexstar, Sinclair, Tegna and Gray popping.
Read more on deadline.com
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