EQUITY ALERT

Rosen Law Firm Encourages Warner Bros. Discovery, Inc. and Discovery, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – WBD, DISCA, DISCB, DISCK

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of investors who: (a) exchanged Discovery, Inc. (“Discovery”) common stock (NASDAQ: DISCA, DISCB, DISCK) for Warner Bros. Discovery, Inc. (“Warner Bros.”) common stock (NASDAQ: WBD) pursuant to Discovery’s February 4, 2022 Registration Statement on Form S-4 and Joint Proxy Statement/Prospectus filed with the Securities and Exchange Commission (“SEC”) on February 10, 2022; and/or (b) purchased shares of Warner Bros. common stock on the open market traceable to the Prospectus through the date of the filing of the complaint on September 23, 2022. If you wish to serve as lead plaintiff, you must move the Court no later than November 22, 2022.

SO WHAT: If you exchanged Discovery common stock for Warner Bros. common stock pursuant to Discovery’s February 4, 2022 Registration Statement on Form S-4 and Joint Proxy Statement/Prospectus filed with the Securities and Exchange Commission on February 10, 2022 and/or purchased shares of Warner Bros. common stock on the open market traceable to the Prospectus through September 23, 2022 you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Warner Bros. Discovery class action, go to https://rosenlegal.com/submit-form/?case_id=8888 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [e-mail] or [e-mail] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 22, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.