Warner Bros Discovery held its second quarter earnings call yesterday, and CEO David Zaslav confirmed the media giant’s new plans for streaming platforms. HBO Max and Discovery + will merge into a single service that will be available from summer 2023.
The move is based on HBO Max’s performance issues that have seen regular crashes during big show releases. Zaslav confirmed that Discovery + will be the centerpiece of the new streaming platform thanks to its superior technology stack while the entire HBO Max catalog will be carried over.
Warner Bros Discovery reported a second-quarter net loss of $ 3.4 billion, and the CEO confirmed plans to reduce spending on new projects. Upcoming Batgirl and Scoob! Movies: Holiday Haunt were recently busted earlier this week.
Warner has earned a total of 1.7 million HBO Max and Discovery + subscribers in the past three months and is reportedly at 92.1 million subscribers globally. The company has also set a target of 130 million subscribers by 2025.
Warner Bros Discovery Q2 2022 Earnings Report
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