In the months following the merger that formed Warner Bros. Discovery, show cancellations as The western world They dominated the news cycle. As HBO and its streaming arm HBO Max begin to enter the TV show 2023 , all eyes will be on where the business-driven hatchet falls. Another justification was given by Warner Bros. Discovery chief financial officer Gunnar Weidenfels, who says previous executives did what he called a “spend spree.”
Speaking at a recent Citibank conference, Weidenfels got to the heart of the cuts that have been made to the streaming service’s library. In the eyes of himself and his fellow decision makers at Warner Bros. Discovery, the chief financial officer shared these comments (via DAY ) on some issues specific to the older HBO Max Playbook:
We’ve been thinking a lot about, you know, let’s do more, more, not necessarily “Let’s do exactly the right things, let’s do what works.” We have the ability, the advantage, to quarterback on Monday mornings here. … We come from an irrational era of overspending with a very narrow focus on ROI, and I think others are going to have to make some changes that, quite frankly, we’re already behind.
In addition to these comments, Gunnar Weidenfels also says the streaming market as a whole will do the same as Warner Bros. Discovery to stay competitive. Playing close to the economic side of the matter, it seemed that the CFO of Warner Bros. Discovery has positioned the company at the forefront of this very issue.
2022 has been an interesting year to have a Maximum HBO subscription , as the service library has undergone radical changes. Everything from the original films of Max and series like Chubby Chronicles a Looney Tunes the shorts were sacrificed, in service of CEO David Zaslav’s supposed vision for the Warner Bros. brand. Discovery.
One of the elements of this new business model was the llicense HBO Max products to other ad-supported free-to-air TV (FAST) streaming platforms. As for the future of the stable of home-grown talent, Gunnar Weidenfels teased the following:
We have every intention of continuing to spend, content is the lifeblood of this business. This is obviously a success driven business, you win some and you lose some. But if you look at David’s creative alignment [Zaslav] was able to assemble, this is a range of first-flight creative talent.
Based on previous comments, the talent poised to usher in a new era of HBO Max awaits. However, there may also be some sort of guide similar to Netflix 28 Day Ratings Rule in the works, to help out this Monday morning quarterback that has been suggested. Perhaps the sense that the potential reduction and increase in subscription fees is something that we will see at a higher rate in the near future.
Although with the cancellations that have been made and the talent pleases of Westworld James Marsden hopes other networks will try to finish what HBO started, perhaps as part of the new competition that Weidenfels says will resurrect old favorites for a final round.
This could be the first chapter of the new era of streaming, where old friends become new enemies of the companies that created them. If it’s not appropriate, maybe we should wait and see what happens next. Then again, you can’t be quarterback on Monday morning if you don’t play on Sunday!
Source: Cinemablend
