BlackRock Amends WBD Stake to 4.1% as of Dec 31, 2023

TL;DR

**BlackRock still owns 4.1% of Warner Bros. Discovery, holding over 100 million shares.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, disclosing its ownership of Warner Bros. Discovery, Inc. Class A Common Stock as of December 31, 2023. This filing indicates BlackRock's position as a significant institutional investor, holding 100,520,307 shares, representing 4.1% of the company's outstanding Class A Common Stock. This matters to investors because BlackRock, as one of the world's largest asset managers, often signals confidence in a company's long-term prospects through its substantial holdings, potentially influencing other institutional and retail investors.

Why It Matters

BlackRock's continued significant stake in Warner Bros. Discovery, Inc. suggests institutional confidence, which can be a positive signal for current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.

Analyst Insight

Investors should note BlackRock's continued substantial holding as a sign of institutional interest, but also consider other factors like company performance and market conditions before making investment decisions.

Key Numbers

• 100,520,307 — shares beneficially owned (BlackRock's total shares of Warner Bros. Discovery, Inc. Class A Common Stock)
• 4.1% — percentage of class (BlackRock's ownership percentage of Warner Bros. Discovery, Inc. Class A Common Stock)

Key Players & Entities

• BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
• Warner Bros. Discovery, Inc. (company) — the subject company whose shares are being reported
• December 31, 2023 (date) — the date of the event which required the filing
• January 29, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• BlackRock will maintain a significant stake in Warner Bros. Discovery, Inc. (BlackRock Inc.) — medium confidence, target: December 31, 2024

FAQ

From the Filing

0001086364-24-005104.txt : 20240129 0001086364-24-005104.hdr.sgml : 20240129 20240129152622 ACCESSION NUMBER: 0001086364-24-005104 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-84211 FILM NUMBER: 24573070 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 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us9344231041_012924.txt us9344231041_012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1) Warner Bros. Discovery, Inc. -------------------------------------------------------- (Name of Issuer) Class A Common Stock -------------------------------------------------------- (Title of Class of Securities) 934423104 -------------------------------------------------------- (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: [X] 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. 934423104 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (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 140377720 (6) Shared voting power 0 (7) Sole dispositive power 154407752 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 154407752 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.3% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- Warner Bros. Discovery, Inc. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 230 PARK AVENUE SOUTH NEW YORK NY 1