WARNER BROS DISCOVERY INC
WBD
Communication Services
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exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Warner Bros. Discovery produces and broadcasts reality television programming that depicts the harming and killing of animals for entertainment. Its Discovery Channel series *Naked and Afraid* has been the subject of public petitions and allegations of flagrant animal cruelty and abuse. The company's Animal Planet network also airs shows like *Animal Cops: Phoenix* and *Lone Star Law*, which center on animal cruelty cases, deriving content from the exploitation and suffering of animals.
This business activity is central to the company's programming strategy. Warner Bros. Discovery has also been linked to content featuring individuals with documented records of animal abuse, such as *Tiger King* subject Jeff Lowe, who was permanently barred from exhibiting animals by a federal court. While the company has partnered with animal welfare organizations for promotional campaigns, its core production of reality shows that depend on animal harm places it in this category.
Research Sources
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Related Exclusions
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.