Discovery on original content in 2023 is Walt Disney, according to estimates from Ampere Analysis. The only company expected to spend more than Warner Bros. In fact, it's going to spend a lot next year. Discovery isn't exactly a frugal spender when it comes to its content budget. "I think we've come to great solutions and most importantly, we're done with that chapter," CFO Gunnar Wiedenfels said at a recent investor conference. Management was able to take write-downs on the costs of that content as part of its "merger-related expenses."īut management says it's not going to keep removing content from its streaming service. On top of that it cancelled popular shows like Westworld and removed them from HBO Max. It canned big films and HBO Max originals like Batgirl before they saw the light of day. Warner Bros Discovery ( WBD -1.81%) is ready to turn the page on its content-slashing ways.įollowing the merger, the company went to work right-sizing the content strategy.
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