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Warner Bros Equity Falls 10% On Legal Row With Streaming Platform; USD Curve Widened

COMMUNICATIONS
  • Warner Bros equity finished the US session close to 10% lower.
  • Move seems to have come after negotiations with Fubo sports-streaming platform
  • Fubo recently announced an antitrust lawsuit against some of its partners over market monopolization and high subscriber costs. Full details below.
  • WBD’s USD bonds closed up to 7bps wider in places; sole EUR bond is a relatively short-dated 2027 though the short-end of the WBDUSD curve also saw widening in places.
  • https://ir.fubo.tv/news/news-details/2024/Statemen...

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