Warner Bros. Discovery, Inc. (NasdaqGS:WBD) acquired remaining 65% stake in BLUTV ILETISIM VE DIJITAL YAYIN HIZMETLERI A.S. for $50 million on December 7, 2023. Paul Guite, Alican Babalioglu of CMS Cameron McKenna Nabarro Olswang LLP acted as legal advisor to Discovery Communications LLC.
Warner Bros. Discovery, Inc. (NasdaqGS:WBD) completed the acquisition of remaining 65% stake in BLUTV ILETISIM VE DIJITAL YAYIN HIZMETLERI A.S. on December 7, 2023.
Warner Bros. Discovery, Inc. is a media and entertainment group organized around three areas of activity:
- broadcasting of TV channels in the United States and internationally (47.9% of net sales);
- audiovisual production and distribution (27.6%): primarily production, distribution and licensing of films and television programmes;
- pay-TV broadcasting and streaming (24.5%).
Net sales break down by source of revenue between royalties and distribution rights (50.1%), sales of content and audiovisual rights (26.2%), sales of advertising space (20.6%) and other (3.1%).
The United States accounts for 67.2% of net sales.
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Investor
Investor
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Global
Global
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ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
