Warner Bros. Discovery Sees $2.1 Billion Loss in Q4 After Big Writedown; Ad Sales Tumble
variety.comSubmitted by Neo2199 t3_11a9aao in television
Submitted by Neo2199 t3_11a9aao in television
Good punish them for their bullshit!
If anything this'll push then further in that direction
They were cutting and burying things to stop the bleeding they inherited from AT&Ts poor financial management of the brand
Question is how much more the creative side will have to suffer to fix a problem that's been unaddressed for over a decade at Warner
why are we acting like this is a problem unique to warner - literally every single streamer is going through the smae issue because their not making as much money under streaming - this is why amc is cutting, paramount is cutting, starz is cutting, showtime is cutting, disney is cutting - the only ones not usting are amazon and apple where thier streaming network is more like advertising for the brand rather than profit.
Warners was particularly bad under AT&T since DirectTV was also bleeding money.
You're right though they're not unique in that regard, they're just a few years further down the slope then everyone else most likely
Well, the CFO just updated that they're going to hit $4 billion of cost cutting (up from $3.5 billion previously). As much as they say the worst is over, the bleeding won't stop.
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Then the users just need to keep punishing them. Make good shit, and we reward you, bake bad shit and we will walk away.
disney literally disproves that
Also, most people are fed up with having to have 5 or 6 different streaming services. The value is no longer there.
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