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ChronicMaster912 t1_j9qsx7j wrote

Reply to comment by corruptboomerang in Warner Bros. Discovery Sees $2.1 Billion Loss in Q4 After Big Writedown; Ad Sales Tumble by Neo2199

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

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Jaguarluffy t1_j9qtict wrote

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.

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ChronicMaster912 t1_j9s1gnw wrote

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

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Saar13 t1_j9qv8jy wrote

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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corruptboomerang t1_j9qvfyc wrote

Then the users just need to keep punishing them. Make good shit, and we reward you, bake bad shit and we will walk away.

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dkggpeters t1_j9rcwug wrote

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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