Comcast's Sky Sues Warner Bros. Discovery for Denying Partnership on ‘Harry Potter' Series [Yahoo! Finance]
Warner Bros. Discovery, Inc. - Series A (WBD)
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Source: Yahoo! Finance
The suit, which was filed Friday in New York federal court, argues that WBD was obligated to present Sky with at least four shows per year in 2021, 2022, 2023, but that the company “fell far short of that mark, in certain years offering barely a single qualifying series while also withholding critical, contractually required information necessary for Sky to evaluate any potential options that it did receive.” “This misconduct has deprived Sky of its bargained-for opportunity to co-fund, co-produce, and subsequently exploit exclusively in U.K. and European territories all manner of top-end Warner content,” the complaint adds. “If all that were not enough, Warner has now even brazenly denied Sky its right to partner on Warner's highly valuable decade-long, tentpole television series adapting J.K. Rowling's iconic Harry Potter novels, set to premiere in 2026 or 2027. Instead, Warner has largely disregarded the parties' agreement and sought to keep the Harry Potter content for itself s
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WBD
Earnings
- 5/9/24 - Miss
WBD
Sec Filings
- 9/19/24 - Form 8-K
- 8/6/24 - Form 4
- 8/6/24 - Form 4
- WBD's page on the SEC website