Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Discovery To Contact Him Directly To Discuss Their Options

New York, New York–(Newsfile Corp. – November 22, 2022) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Warner Brothers Discovery, Inc. (“Discovery” or the “Company”) (NASDAQ: WBD) and reminds investors of the November 22, 2022 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you suffered losses exceeding $100,000 investing in Discovery by (1) exchanging Discovery common stock for WBD common stock pursuant or traceable to Discovery’s February 4, 2022 Registration Statement on Form S-4 (the “Registration Statement”) and Joint Proxy Statement/Prospectus filed with the SEC on February 10, 2022 (the “Prospectus”); (2) acquiring WBD 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 WBD common stock as a result of the merger (the “Merger”) between Discovery and Spinco; or (3) purchasing shares of WBD common stock on the open market traceable to the Prospectus through the date of the filing of this Complaint (the “Section 11 Class”). and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/WBD.

There is no cost or obligation to you.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.

As detailed below, the lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1)…