HBO Max and Discovery+ (Warner Bros. streaming services; formerly also HBO Now and DC Universe)

[BusSport]

NBC News: "HBO Max and Discovery+ will combine into a single streaming service":

The media corporation did not reveal a name for the combined platform, which it said will launch in the U.S. in the summer of 2023, with other regions to follow in 2024.

The company is considering a free, ad-supported version of the combined streaming platform, Zaslav confirmed on the earnings call. HBO Max's ad-supported tier currently costs $10 a month.

Background: Earlier in 2022, AT&T sold Warner Bros (WB) to Discovery, forming Warner Bros Discovery (WBD). WB and Discovery each already had a streaming service, HBO Max and Discovery+, respectively.

WB's financial situation is not good, with something like $53 billion in debt, so new CEO David Zaslav is committed to cost-cutting, including recently scrapping Batgirl and other less high-profile movies and shows from HBO Max.

 

[Wild Turkey]

NBC News: "HBO Max and Discovery+ will combine into a single streaming service":





Background: Earlier in 2022, AT&T sold Warner Bros (WB) to Discovery, forming Warner Bros Discovery (WBD). WB and Discovery each already had a streaming service, HBO Max and Discovery+, respectively.

WB's financial situation is not good, with something like $53 billion in debt, so new CEO David Zaslav is committed to cost-cutting, including recently scrapping Batgirl and other less high-profile movies and shows from HBO Max.

Is the Magnolia Network included in that? I miss Chip and Joanna.

 

[BusSport]

Diagram that WB released today of what they consider their most valuable properties:

 

[BusSport]

Variety: "Warner Bros. Discovery Stock Plunges Following Earnings Loss and Forecast Revisions":

Warner Bros. Discovery shares were battered Friday on the heels of its after-market second-quarter earnings report on Thursday that revealed the depth of the financial and operational pressures that the newly enlarged conglomerate is facing.

WB Discovery shares were down more than 17% at midday to the $14.50 range. The valuation of the company has plummeted in the four months since Discovery completed its spinoff transaction with AT&T.

On Thursday, WB Discovery posted a loss of $3.4 billion that included a $1 billion write-down for restructuring charges and the new regime’s evaluation of some of the content on that was left for them on the shelf at what was WarnerMedia during the AT&T regime.

 

[BusSport]

Collider: "Warner Bros. Movies No Longer Moving to HBO Max After 45 Days in Theaters"

 

[BusSport]

Warner Bro. Discovery will offically announce tomorrow (Wednesday, April 12) the merger of their HBO Max and Discovery+ streaming services into a single service just called Max. Price will stay the same as HBO Max, but there will be a new cheaper tier that includes ads.

 

[DayButtAssMans’s]

Warner Bro. Discovery will offically announce tomorrow (Wednesday, April 12) the merger of their HBO Max and Discovery+ streaming services into a single service just called Max. Price will stay the same as HBO Max, but there will be a new cheaper tier that includes ads.

There’s already a cheaper HBO Max plan that includes ads.

 

[DayButtAssMans’s]

This is gonna be a thing though. Everyone went all in with streaming, they cleaned up during covid times, now they’re all tanking. Gonna see a bunch of streaming services consolidating and restructuring in the near future.

 

[Deep Dish Pizza Goat]

It's only a matter of time before basic Youtube is paywalled at this rate.