This Media Giant Is in a Downward Spiral

Warner Bros. Discovery (NASDAQ: WBD) seems to have a good position in streaming. Its HBO shows are hits, and there's plenty of sports and other content to make a compelling service. But the business is bleeding money and losing the NBA. Travis Hoium shows why the company is already in a downward spiral in this video.

*Stock prices used were end-of-day prices of Aug. 12, 2024. The video was published on Aug. 12, 2024.

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Walt Disney. The Motley Fool has positions in and recommends Amazon, Netflix, Walt Disney, and Warner Bros. Discovery. The Motley Fool recommends Comcast. The Motley Fool has a disclosure policy . Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.