Yesterday CNN Max, a 24/7 streaming news offering, launched on Max at no additional charge to Max subscribers.
Warner Bros. Discovery
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Warner Bros. Discovery saw a 4% decrease in revenue and a loss of 1.8M subscribers in the second quarter 2022.
Warner Bros. Discovery reports a first quarter loss of $1.1B, but the company’s DTC subscription segment is a bright spot.
HBO Max raises prices $1 a month for its ad-free tier and removes content that doesn’t attract new subscribers.
Fifteen months after leaving the Amazon Prime Video platform, HBO Max returns at $14.99 a month.
Yesterday CNN CEO Chris Licht announced hundreds of employee layoffs are coming.
Warner Bros. Discovery reported a $(3.4) billion loss for Q2 and revealed a Discovery-HBO max merger next summer.
HBO and HBO Max grow to 76.8M global subscribers, an increase of 12.8M year-over-year.
Discovery, Inc.’s shareholders have approved the pending acquisition of WarnerMedia. The deal is expected to close in Q2 2022.
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