Warner Bros Discovery’s board has selective hearing. On one hand, the company has ignored our repeated advice about its homegrown US streaming strategy, fumbling the ball over its iconic HBO brand. On the other hand, the media giant has heeded hints to nudge into the fast-growing streaming market of the Middle East. While WBD has a history of investments and strategic partnerships in the Middle East, its $57 million splurge to take a 30% stake in OSN Streaming, a subsidiary of the much larger OSN Group, is the US company’s greatest commitment to date in this part of the world. And the question many Americans will be asking is—why? Top of the agenda for WBD is the creation of more…