Lawsuit accuses WarnerBros. Discovery of misleading shareholders on HBO Max subscriber numbers ...Middle East

WarnerBros. Discovery allegedly misled shareholders and inflated subscriber figures for HBO Max, a new lawsuit filed this month claims. The lawsuit was brought by the Collinsville Police Pension Board, an Illinois-based shareholder of Warner Bros. Discovery stock, which it traded for Class C common shares in Discovery before a massive merger with WarnerBros. earlier this year, The Wrap reported. “WarnerMedia was improvidently concentrating its investments in streaming and ignoring its other business lines … [and] overstated the number of subscribers to HBO Max by as many as 10 million subscribers, by including as subscribers AT&T customers who had received bundled access to HBO Max,

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