New York, New York–(Newsfile Corp. – November 19, 2022) – WHY: Rosen Law Firm, a global investor rights law firm, reminds investors who: (a) exchanged Discovery, Inc. (“Discovery”) common stock (NASDAQ: DISCA, DISCB, DISCK) for Warner Bros. Discovery, Inc. (“Warner Bros.”) common stock (NASDAQ: WBD) pursuant to Discovery’s February 4, 2022 Registration Statement on Form S-4 and Joint Proxy Statement/Prospectus filed with the Securities and Exchange Commission (“SEC”) on February 10, 2022; and/or (b) acquired Warner Bros. common stock pursuant or traceable to the Registration Statement and Prospectus, including shareholders of AT&T Inc. (“AT&T”) and/or Magallanes, Inc, a Delaware corporation (“Spinco”) who acquired Warner Bros. common stock as a result of the merger (the “Merger”) between Discovery and Spinco; and/or (c) purchased shares of Warner Bros. common stock on the open market traceable to the Prospectus through the date of the filing of the complaint on September 23, 2022 of the important November 22, 2022 lead plaintiff deadline.

SO WHAT: If you exchanged Discovery common stock for Warner Bros. common stock pursuant to Discovery’s February 4, 2022 Registration Statement on Form S-4 and Joint Proxy Statement/Prospectus filed with the SEC on February 10, 2022 and/or acquired Warnre Bros. common stock pursuant or traceable to the Registration Statement and Prospectus, including shareholders of AT&T and/or Magallanes, Inc, a Delaware corporation (“Spinco”) and/or purchased shares of Warner Bros. common stock on the open market traceable to the Prospectus through September 23, 2022, you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Warner Bros. Discovery class action, go to https://rosenlegal.com/submit-form/?case_id=8888 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class…