Warner Bros. Discovery Combo Streaming Offering to Start in Spring
Warner Bros. Discovery's joint streaming service combining HBO Max and Discovery+ will launch in spring 2023 rather than the summer, CEO David Zaslav said last week as the company announced Q3 results. The programmer at the same time will focus…
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less on being streaming-primary, he said. He said the strategy of focusing on subscriber numbers at the expense of theatrical and linear TV results "and spend[ing] money with abandon, while making a fraction in return in the service of growing sub numbers, has ultimately proven to be deeply flawed." Discovery said ad revenue was down 11% globally year over year, partly due to macroeconomic conditions. Shares closed Friday at $10.41, down 13%.