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TechCheck

Mad MAX from Warner Brothers Discovery, and Apple iPhone Buttons 4/12/23

TechCheck

CNBC

Disruptors, Tech, Technology, Cnbc, Management, Business, Faang, Investing

4.566 Ratings

🗓️ 12 April 2023

⏱️ 8 minutes

🧾️ Download transcript

Summary

Warner Brothers and Discovery combining HBOMax and Discovery+ and naming it… Max? Inside WBD’s new streaming service. Plus – the difference between a solid-state button and physical button, why some people love physical buttons, why iPhone might stick with them, and why that’s tanking one hardware company’s stock.

Transcript

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0:00.0

Warner Brothers Discovery unveiling its new combined streaming service this afternoon

0:04.0

are Julia Borstins and Burbank ahead of her interview with David Zaslop and that is the focus of today's tech check.

0:09.9

Julia what can we expect to hear?

0:14.0

Well, I'm here on the Warner Brothers Lot,

0:16.4

and it's going to be a big day for David Zazlavas.

0:18.6

He unvails the new combined streaming service,

0:21.7

really the culmination of his year running the

0:23.8

combined company we expect the company to unveil a new brand exclusive content

0:29.1

as well as pricing now in terms of pricing for this new streaming service, Warner Brothers

0:33.8

discoveries likely to announce multiple tiers, including a lower cost option

0:38.3

with ads and a standard version incorporating both discovery and HBO content. Now that will

0:43.7

reportedly cost about $16 which is the same that HBO Max costs right now.

0:49.7

The company has reassured Discovery fans that its streaming content will continue to be offered as a standalone option.

0:56.5

Now earlier this week truest initiated Warner Brothers Discovery with a buy rating saying it expects

1:02.2

quote the HBO Max

1:03.5

relaunch to drive renewed subscriber an average revenue per user

1:07.5

momentum. Zazlov has been talking about the importance of this

1:12.1

streaming combination for quite some time now and just

1:15.5

last month Warner Brothers Discovery's CFO described this launch as a critical milestone saying

1:21.2

quote we're going to see better churn we're going to see better

1:23.8

engagement and we're going to see a revenue inflection once that's in the market.

1:29.1

So one big question for investors is how offering a combined service at roughly the same price

...

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