Company: WBD
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437107-25-000216
Chunk: 142

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 142
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 Company (“Disney”), and Fox Corporation (“Fox”) to form Venu Sports, a sports-centric streaming service in the United States. On February 20, 2024, FuboTV Inc. and FuboTV Media Inc. (collectively, “Fubo”) filed a lawsuit against Disney, including certain affiliates, Fox, and WBD (collectively, the “Defendants”) in the U.S. District Court for the Southern District of New York alleging claims under federal and New York antitrust laws. The Defendants reached a settlement with Fubo related to Fubo’s antitrust claims and collectively paid $220 million to Fubo in January 2025, of which the Company’s share was $55 million. On January 10, 2025, the Defendants announced their decision to discontinue the Venu Sports joint venture and not launch its streaming service effective immediately.Discovery FamilyHasbro Inc. (“Hasbro”) had the right to put the entirety of its remaining 40% interest in Discovery Family to the Company. Hasbro did not exercise the right by the election period expiration date of March 31, 2025. As of March 31, 2025, Hasbro’s noncontrolling interest was reclassified from redeemable noncontrolling interest to noncontrolling interest outside of stockholders’ equity on the Company’s consolidated balance sheets.Accumulated Other Comprehensive LossThe table below presents the changes in the components of accumulated other comprehensive loss, net of taxes (in millions).Three Months Ended September 30, 2025Currency Translation DerivativesPension Plan and SERP LiabilityAccumulated Other Comprehensive LossBeginning balance$(333)$36 $(74)$(371)Other comprehensive loss before reclassifications(52)(18)— (70)Reclassifications from accumulated other comprehensive loss to net income3 7 — 10 Other comprehensive loss(49)(11)— (60)Ending balance$(382)$25 $(74)$(431)Three Months Ended September 30, 2024Currency Translation DerivativesPension Plan and SERP LiabilityAccumulated Other Comprehensive LossBeginning balance$(866)$36 $(60)$(890)Other comprehensive income before reclassifications482 15 — 497 Reclassifications from accumulated other comprehensive loss to net income— (8)— (8)Other comprehensive income482 7 — 489 Ending balance$(384)$43 $(60)$(401)

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WARNER B