Business

Warner Bros. Discovery Posts $2.9 Billion Net Loss; Elon Musk Lawsuit Prediction Markets

Updated 2026-05-06 20:45 UTC 1 source Negative

Warner Bros. Discovery reported a $2.9 billion net loss due to a Netflix termination fee and restructuring costs. Prediction markets suggest uncertainty in Elon Musk's lawsuit against Sam Altman’s OpenAI.

Coverage timeline — 2 articles

CNBC

Warner Bros. Discovery books $2.9 billion net loss tied to Paramount deal, restructuring costs

Paramount agreed to pay a Netflix termination fee, but the cost lives on WBD's books until the close of the deal.

2026-05-06 20:20 UTC

CNBC

Will Elon Musk win his lawsuit against Sam Altman's OpenAI? Here's what prediction markets think

Out of all live events related to Elon Musk, trading activity on his suit against OpenAI is the second highest out of all contracts related to the billionaire.

2026-05-06 20:32 UTC