TheNBAis a profitable right, said Wiedenfels.
WBD recently lost the package to Amazon.
It had matching rights it tried to assert, that the NBA rejected.
NBAGetty Images
Zaslav today didnt mount an especially impassioned defense of the companys case.
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Warner Bros. At this point, we have handed it off to our lawyers.
We have confidence in our position.
But were getting back to work.
The lawyers will handle this, and the judge will decide and off well go.
This is what we do for a living, Zaslav asserted.
Were in 200 countries.
Weve been in that business for 40 years.
He said WBD has managed to secure meaningful increases for our content.
The film studio has a few good movies comping up but needs more time.
Max is expanding rather slowly to a some key European markets.
WBD shares are in the tank at under $7 bucks, down 70% since the merger.
Thats led to speculation the company might split up or sell assets.
Assets sales, maybe.
Games has been mentioned.
Perrette called Warners game biz subscale but full of opportunity.
The same applies to the board.
Were very clearly focused on evaluating everything beyond just running the operational business.
We feel very good about where we are, added Zaslav.
