It was born with a load of debt after the April spinoff that merged Warner Bros. and Discovery, and as inflation has hit Americans' pockets, it posted a slight year-over-year revenue decrease in the second quarter. Discovery (NASDAQ: WBD), Paramount Global (NASDAQ: PARA) (NASDAQ: PARA.A), and Walt Disney (NYSE: DIS) could be in a great position to benefit from the streaming battle unfolding right now. Discovery): The streaming wars have intensified, and this spinoff from AT&T is well positioned to capture market share and grow its business.