A net loss of $1.07B included $1.81B of pre-tax amortization costs from “acquisition-related intangible assets” and a $95M pre-tax restructuring change. WBD today posted total Q1 revenues of $10.7B, 5% down compared with 12 months earlier - in line with Wall Street expectations. “You will see in most markets it will be us building asset value, owning it and driving it for long-term growth,” he said.
He noted that WBD would assess whether DTC or licensing was the most likely route to profitability as an “economic analysis,” but streaming was ultimately the play. If there’s a market like India, where we can structure a deal to make a lot more money by licensing our great content.
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“It’s a real advantage, but we’re really driven by free cashflow and long-term free cashflow growth. “We have content in every language and channels in every country,” said Zaslav. In recent weeks, the company has struck major content licensing agreements in Canada with Crave and India with Viacom18, and output agreements with the likes of Sky in the UK remain in place. launch but WBD remains targeted in how it approaches individual territories. On the international front, the Max roll out will follow the U.S. Both genres have proven difficult for streaming services. “Over time, we obviously want to see subscriber growth and scale.”Įlsewhere, Zaslav confirmed WBD was “actively” looking to add news and sport to Max.
getting the HBO Max customers migrated over to Max,” he said.īrand awareness, customer satisfaction and engagement would be the three further term metrics by which WBD will assess Max’s performance. “In the very near term, migration success is one of the key metrics - i.e. WBD CEO and President of Global Streaming JB Perrette provided some color on how the Burbank-based company would quantify success for Max after it launches on May 23. “Getting this business under control, focusing on what people love to watch and how we create content people love and now with Max we’ll be able to nourish and delight subscribers with the greatness of HBO, whether it’s The White Lotus, House of the Dragon, The Last of Us Succession and put it together with Discovery. WGA To Picket WB Discovery Chief David Zaslav's Commencement Speech At Boston University
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