Legal Battle Between NBA and Warner Bros Discovery Over Basketball Rights

Legal battle between the NBA and Warner Bros Discovery over small-screen basketball rights heats up as the NBA fights to block WBD from showing games awarded to Amazon in a $77 billion deal. NBA argues WBD lacks financial security and reach for the 21st century. WBD faces challenges with declining stock and postponed sports streaming joint venture. October 4 hearing on NBA's bid to dismiss WBD's suit coincides with NBA pre-season games.

Transition of White House Officials to Hollywood Roles

Warner Bros Discovery CEO hires former Press Secretary Robert Gibbs, industry wary of DC to Hollywood transition, concerns about lack of entertainment industry experience, company shares at 52-week low, history of White House officials moving to Hollywood roles