Warner Bros. Discovery (NASDAQ:WBD) stock is taking a beating on Thursday after the NBA rejected a deal to continue its rights agreement with the media company. Warner Bros. Discovery was offering $1.8 billion per year to maintain its rights deal with the NBA. However, this was rejected in favor of an offer with Disney (NYSE:DIS), Comcast's (NASDAQ:CMCSA) NBC and Amazon (NASDAQ:AMZN) Prime Video. That new deal is set to last for 11 years and will bring in about $76 billion for the NBA. Warner Bros. Discover ...