![]() Discovery told Wall Street that it plans to find some $3 billion in cost savings.īefore the company’s earnings call, The Wrap reported the changes “will result in a gutting of HBO Max, significant layoffs for its executives and staff to minimize redundancies with HBO, and a combined streaming service with Discovery+ with a harder line separation between the scripted and unscripted content operations.” The controversial decision was a prelude to the post-merger streamlining that the company outlined on Thursday. pulled the plug on Batgirl being released on HBO Max was all to do with money-specifically, the opportunity for a tax write-off. Variety reported that the reason Warner Bros. Warner is also expected to shelve the “Scoob!” sequel. This came as a shock to Batman fans as Michael Keaton was supposed to reprise his role as the DC superhero for the first time in more than 30 years. It was supposed to debut on HBO Max later this year. The highly anticipated Batgirl movie, with its $90 million budget, was no longer going to be released. would be shelving a lot of their content. Well, earlier this week news came out that Warner Bros. Netflix’s decline of one million subscribers over the same period.Īnd yet, change is coming. In the first quarter of 2022, it added three million subscribers globally vs. HBO Max has been a stronger performer in the streaming wars. Discovery CEO David Zaslav made huge headlines by canceling CNN+ less than a month after its launch-flushing away a massive $100 million investment by Warner that had flopped on arrival. It also received ownership of more of Warner Bros.'s intellectual property which includes everything in the DC Extended Universe.ĭays after the merger became official, Warner Bros. ![]() The merger gave the combined company ownership of a robust portfolio of major television networks like the CNN, Food Network, Cartoon Network and Turner Classic Movies. Discovery was created in April by the merger of Discovery, owner of HGTV and the Food Network, with WarnerMedia, which was spun off from telecommunications giant AT&T. The company announced that it lost $3.4 billion in its first-ever quarter post-merger and outlined the plan for its overhaul of its streaming strategy. Streamers, investors and staffers were all anxiously waiting for details of the much-rumored changes in the first quarterly earnings report from the newly formed Warner Bros. On Thursday, HBO Max and its new sibling Discovery+ announced that they will re-launch as a single streaming service in summer 2023. Max will have the same $10 per month with ads and $16 per month ad-free pricing - and a $20 per month ultimate plan adds 4K HDR with Dolby Atmos and more.HBO Max is getting a radical makeover-one that will be closely watched from Hollywood to Wall Street.Yes, Max is the name of the new service.Whether this change will be welcomed by customers remains to be seen, because it creates a specter of a price hike. ![]() He stated: "One of the most important items here is that we believe in a combined product as opposed to a bundle… We believe that the breadth and depth of this content offering is going to be a phenomenal consumer value proposition." The end goal of this is - as expressed by WBD CFO Gunnar Wiedenfels in March of 2022, uniting the company's own properties. Early reports that Discovery Plus will continue to be offered as a standalone service turned out to be true. The HBO Max and Discovery Plus merger, though, as leaked will not take Discovery Plus away. Another Game of Thrones prequel was announced, as was a new Harry Potter TV series. Pimple Popper and the 90 Day Fiancé universe.Īnd at the event, we learned details on pricing, release date and more, along with big news on upcoming shows. It will house the best HBO Max shows, such as Succession, The Last of Us, The Sopranos, The Sex Lives of College Girls and the best HBO Max movies, as well as unscripted reality programming such as Dr. ![]() Much like how rival Netflix has everything from Stranger Things to Love Is Blind, Max will try and be everything to everyone. The Max streaming service will house and stream content that stretches across a very wide range. AEDT), we saw how HBO Max will become Max, and gain a lot of content from Discovery Plus - another root of the WBD tree. At a press event today (April 12) that began at 1 p.m. ![]()
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