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HBO Max was renamed Max, and Warner Bros. Discovery lost subscribers (www.theverge.com)

submitted 1 year ago by Madison_rogue@kbin.social to c/movies@kbin.social

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Warner Bros. Discovery lost 1.8 million subscribers in the three months following the launch of Max. The losses weren’t exclusive to the Max streaming service, though. In its earnings report on Thursday, the company reported having 95.8 million global subscribers across all of its services — down from 97.6 million at the end of the first quarter of this year.

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[–] Redhotkurt@kbin.social 3 points 1 year ago

Zaslav has been cutting costs so he and other Warner Bros Discovery executives can get multi-million dollar bonuses. It's not been widely reported, I was only able to find two articles.

Warner Bros. Discovery boosts David Zaslav pay incentives after company cuts costs

Warner Bros. Discovery Stock Upgraded by Analysts Bullish on Execs’ Free Cash Flow-Based Bonuses