Warner Bros. Accuses ByteDance of Copyright Infringement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy WBD?
Warner Bros. blasted ByteDance for "blatant infringement" on its AI video service, accusing the company of facilitating user-generated knockoffs of copyrighted characters, Gene Maddaus of Variety reports. Warner Bros. legal counsel sent a letter to ByteDance, noting copyrighted characters such as Superman and Batman are "the lifeblood of the company" and that "ByteDance is now engaged in blatant infringement of the very same properties you spent many years protecting." Warner Bros. is demanding ByteDance to cease training on its characters.
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Analyst Views on WBD
Wall Street analysts forecast WBD stock price to fall
14 Analyst Rating
5 Buy
9 Hold
0 Sell
Moderate Buy
Current: 28.750
Low
14.75
Averages
24.98
High
30.00
Current: 28.750
Low
14.75
Averages
24.98
High
30.00
About WBD
Warner Bros. Discovery, Inc. is a global media and entertainment company that creates and distributes a portfolio of branded content across television, film, streaming and gaming. The Company's segments include Studios, Networks and DTC. Studios segment primarily consists of the production and release of feature films for initial exhibition in theaters, production and initial licensing of television programs to its networks/DTC services as well as third parties, distribution of its films and television programs to various third party and internal television and streaming services, distribution through the home entertainment market, and others. Networks segment primarily consists of its domestic and international television networks. DTC segment primarily consists of its premium pay-TV and streaming services. Its brands and products include Discovery Channel, Max, DC, TNT Sports, Eurosport, HBO, HGTV, Food Network, OWN, Investigation Discovery, TLC, Warner Bros., and Cartoon Network.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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- Escalating Legal Threats: Netflix's litigation director, Mindy LeMoine, described Seedance 2.0 as a high-speed piracy engine that generates unauthorized derivative works, showcasing the company's aggressive stance on IP protection, which could lead to a legal confrontation with ByteDance.
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See More
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Justice Department Investigation: The U.S. Justice Department is investigating the sale to assess potential antitrust issues and its impact on competition in the entertainment industry.
See More
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Warner Bros. Discovery's Bidding War: Warner Bros. Discovery has reopened bidding for potential suitors, Netflix and Paramount Skydance, creating a competitive atmosphere reminiscent of a reality show.
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