Warner Bros. Discovery sells entire 353.3K STRZ stake for $5.0M at $14.15, 1.7 days after $17.03 current price.
Warner Bros. Discovery liquidated its complete position in STARZ Entertainment (353,334 shares) for $4,999,994.10, divesting entirely from the recent-listing stock. The sale at $14.15 per share now trades below the current market price of $17.03 as of 2025-06-04, representing a notable price appreciation since the transaction date. STARZ remains unprofitable, with net income of $-21,900,000.00 against revenue of $970,500,000.00 in the latest quarter, though the company posted annual revenue growth of 4.2%. The complete exit by a major corporate shareholder—combined with the stock's newness to public markets (20 trading days) and negative profitability—signals WBD's decision to exit rather than maintain exposure to the unprofitable entertainment subsidiary.