Warner Bros Discovery CEO David Zaslav plans cost-cutting measures, including potential layoffs, and raises prices for Max streaming platform to reach $1B in earnings by 2023.
Warner Bros Discovery CEO David Zaslav is pursuing further cost-cutting measures, potentially involving additional layoffs, and plans to raise prices for its Max streaming platform. The streaming business, including Max and Discovery+, could see budget reductions of hundreds of millions of dollars, mainly in marketing and technology. The company aims to reach $1 billion in earnings from Max and Discovery+ streaming services next year by increasing subscription fees.
May 08, 2024
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