Warner Bros. Discovery's Big Breakup
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Shares of Warner Bros. Discovery Inc. Series A slid 3.33% to $10.16 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.38% to 6,
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Warner Bros. Discovery is splitting up after just over three years, and Wall Street is cheering. The spinoff will create a slew of new questions.
The Warner Brothers legacy started off with a $1,000 projector when Sam Warner saw the potential of motion pictures while working as a projectionist in the early 1900s. Over the last 100+ years, their company has seen many ups and downs, several leadership changes, and has undergone multiple corporate transactions and renaming.