Warner Bros. Discovery
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Move separates declining pay-TV assets from streaming and studio operations as company prepares to restructure billions in debt and focus on long-term digital growth
CEO David Zaslav anticipates strong subscriber growth for Max through global reach, strategic partnerships, and bundling with Disney+ and Hulu, as Warner Bros. Discovery eyes
Warner Bros. Discovery is shutting down its Boomerang streaming service on September 30, moving subscribers and selected content to Max as part of a broader
ESPN, Fox, and Warner Bros. Discovery have announced a sports streaming subscription combining over 15 major sports networks to provide unprecedented live sports content access.
Yesterday CNN Max, a 24/7 streaming news offering, launched on Max at no additional charge to Max subscribers.
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.
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