Warner Bros. Discovery Discloses Passive Stake in VS MEDIA Holdings

TL;DR

**WBD has a small, passive stake in VS MEDIA, nothing major.**

AI Summary

Warner Bros. Discovery, Inc. filed an SC 13G on January 23, 2024, disclosing its ownership of Class A Ordinary Shares in VS MEDIA Holdings Limited as of December 31, 2023. This filing indicates that Warner Bros. Discovery, Inc. is a passive investor, holding a stake in VS MEDIA Holdings Limited, a company involved in miscellaneous publishing. This matters to investors because it reveals a minor, non-controlling investment by a major media company, suggesting potential strategic alignment or a small financial stake in a content-related business.

Why It Matters

This filing shows Warner Bros. Discovery holds a passive investment in VS MEDIA Holdings, indicating a minor, non-strategic financial interest rather than an intent to influence the company.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of a passive investment and does not indicate any significant risk or change in strategy for either company.

Analyst Insight

An investor should note this as a minor, passive investment by Warner Bros. Discovery, suggesting no immediate strategic implications or significant impact on either company's stock price. It's a data point for understanding WBD's broader investment portfolio.

Key Players & Entities

• Warner Bros. Discovery, Inc. (company) — reporting person and filer of the SC 13G
• VS MEDIA Holdings Limited (company) — subject company in which shares are held
• Discovery Networks Asia-Pacific Pte. Ltd. (company) — group member related to the filing
• December 31, 2023 (date) — date of event requiring the filing
• January 23, 2024 (date) — filing date of the SC 13G

FAQ

From the Filing

0001193125-24-013032.txt : 20240123 0001193125-24-013032.hdr.sgml : 20240123 20240123163957 ACCESSION NUMBER: 0001193125-24-013032 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240123 DATE AS OF CHANGE: 20240123 GROUP MEMBERS: DISCOVERY NETWORKS ASIA-PACIFIC PTE. LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VS MEDIA Holdings Ltd CENTRAL INDEX KEY: 0001951294 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS PUBLISHING [2741] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-94295 FILM NUMBER: 24553126 BUSINESS ADDRESS: STREET 1: 6/F, KOHO STREET 2: 75 HUNG TO ROAD, KWUN TONG CITY: HONG KONG STATE: K3 ZIP: 000000 BUSINESS PHONE: 852 2865 9992 MAIL ADDRESS: STREET 1: 6/F, KOHO STREET 2: 75 HUNG TO ROAD, KWUN TONG CITY: HONG KONG STATE: K3 ZIP: 000000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Warner Bros. Discovery, Inc. CENTRAL INDEX KEY: 0001437107 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] ORGANIZATION NAME: 06 Technology IRS NUMBER: 352333914 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 230 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10003 BUSINESS PHONE: 212-548-5555 MAIL ADDRESS: STREET 1: 230 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10003 FORMER COMPANY: FORMER CONFORMED NAME: Discovery, Inc. DATE OF NAME CHANGE: 20180306 FORMER COMPANY: FORMER CONFORMED NAME: Discovery Communications, Inc. DATE OF NAME CHANGE: 20080606 SC 13G 1 d569328dsc13g.htm SC 13G SC 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* VS MEDIA HOLDINGS LIMITED (Name of Issuer) Class A Ordinary Shares, no par value (Title of Class of Securities) G9517U103 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☐ Rule 13d-1(b) ☐ Rule 13d-1(c) ☒ Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. G9517U103 1 NAMES OF REPORTING PERSONS Warner Bros. Discovery, Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ☐ (b) ☐ 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 1,640,743 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 1,640,743 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,640,743 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.2% (1) 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO (1) Based on 20,000,000 shares of the Issuer’s Class A Ordinary Shares outstanding following the completion of the Issuer’s initial public offering on October 2, 2023, as reported in the Issuer’s Form 424B4 filed with the Securities and Exchange Commission (the “ SEC ”) on September 29, 2023. CUSIP No. G9517U103 1 NAMES OF REPORTING PERSONS Discovery Networks Asia-Pacific Pte. Ltd. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) &#9744