Panic Time for Max and Warner Bros. Discovery?

The Town with Matthew Belloni

The Ringer

Society & Culture

4.3 • 1.1K Ratings

🗓️ 26 February 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Matt is joined by Bloomberg’s Lucas Shaw to check in on Warner Bros. Discovery and CEO David Zazlav after a rocky earnings call last week. They discuss the disappointing movie quarter, their murky path to streaming profitability, the state of the MAX brand, whether they will keep their NBA rights, and if it's officially time to pivot on WBD’s business model. Matt finishes the show with a prediction on the Best Actor and Best Actress categories of the Academy Awards. For a 20 percent discount on Matt’s Hollywood insider newsletter, ‘What I’m Hearing ...,’ click here. Email us your thoughts! thetown@spotify.com Host: Matt Belloni Guest: Lucas Shaw Producers: Craig Horlbeck and Jessie Lopez Theme Song: Devon Renaldo Learn more about your ad choices. Visit podcastchoices.com/adchoices

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1:08.6	It is Monday, February 26th. It's been a while since we've checked in on our good friend David
1:13.9	Zasloff, the CEO of Warner Brothers Discovery, which, as you know, owns HBO, the Max
1:19.1	Streamer, CNN, the Warner Brothers Studio. We're now almost two years into this merged company.
1:25.3	He had an earnings call on Friday, and it did not go great.
1:28.7	Pretty bad, actually.
1:30.3	Overall sales fell 7%.
1:32.2	Streaming subscribers declined in the U.S.
1:34.9	And TV ad revenue dropped by double digits.
1:37.8	That's key because, above everything, this company makes its money from television.
	...

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