The assets, which could be worth more than $1 billion, include music and production music from the company’s TV and film projects.
, for example, even if the television and film projects are smash successes. As such, these type of assets have historically trade lower than popular music rights — typically in the single-digit multiples.
Warner Bros. Discovery formed last year through the merger of AT&T’s WarnerMedia unit and Discovery Inc. Warner Bros. Discovery was formed last year through the merger of AT&T’s WarnerMedia Unit and Discovery Inc. Chief Executive Officer David Zaslav has made cutting costs core to the company’s turn-around strategy, leading to layoffs, the shut shutdown of CNN’s planned streaming service and the scrapping of “Batgirl” and “Wonder Twins.”
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