Time to buy this media powerhouse?

Warner Bros Discovery looks cheap with huge growth potential says Stephen Connolly.

Hollywood
(Image credit: Getty Images)

When looking for stocks to buy for my portfolio, I like to find companies with a good story

It has been 100 years since the four Warner brothers set up their film business in Los Angeles, a centenary marked this summer by the release of the blockbuster Barbie. It has eclipsed every other release in 2023 and raked in more than $1bn at the box office so far. Warner Bros Discovery (Nasdaq: WBD) has created a mainstream global media phenomenon, a product franchise set to deliver beyond this first film for years to come. It’s a reminder of the marketing juggernaut that this $31bn entertainment giant can muster at its best. 

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Investment columnist

Stephen Connolly is the managing director of consultancy Plain Money. He has worked in investment banking and asset management for over 30 years and writes on business and finance topics.