Warner Bros. Discovery Says Streaming Business Will Reach Profitability in 2023

three pricing options to consumers: a $9.99 per month Max Ad Lite tier, a $15.99 per month Max Ad Free tier and a $19.99 Ultimate Ad Free tier, while continuing to offer a standalone version of the lower-cost Discovery+.Ahead of the launch, Warner Bros. Discovery CEO David Zaslav said during the company’s May earning call that the company expects its streaming business in the U.S.

EXCLUSIVE: Warner Bros. Discovery (WBD) is reviewing its TV commissioning and editorial strategy in the UK due to the tricky economic headwinds, Deadline understands.

Warner Bros. Discovery CEO David Zaslav was met with heavy jeering while delivering a commencement speech at Boston University amidst the ongoing Writers Guild of America (WGA) strike in Hollywood.During the graduation ceremony at Boston University – where he received his law degree in 1985 – Zaslav was invited back to receive an honorary degree, as well as to deliver a commencement speech to the graduation cohort.Per reports from The Hollywood Reporter, the jeering began even before Zaslav’s speech, when he was being introduced. Throughout his 20-minute speech, Zaslav was met with loud, angry boos and chants including “pay your writers”, “we don’t want you here” and “shut up, Zaslav” in support of the ongoing strike.Footage of the boos and “pay your writers” chants were captured and shared on Twitter by striking Late Night with Seth Meyers writer Mike Scollins.

Amidst the rising tensions of the current Hollywood writer’s strike, Warner Bros. Discovery CEO David Zaslav faced a storm of boos and angry chants as he took the stage to accept his honorary degree at the University of Boston’s commencement ceremony.

William Earl Warner Bros. Discovery CEO David Zaslav felt the effect of the WGA strike while delivering a commencement speech at Boston University, getting jeered and facing chants of “pay your writers” while he was trying to speak. “Late Night with Seth Meyers” writer Mike Scollins posted a video of one moment during the address in which the chant was loud enough to make Zaslav pause in the middle of his speech. Scollins captioned the video “Zaslav getting hit with a Pay Your Writers chant in Boston. This is so good.”Zaslav getting hit with a Pay Your Writers chant in Boston. This is so good. pic.twitter.com/00pL4ahAqZ In a statement after the speech, Zaslav expressed gratitude to the university where he earned his law degree in 1985. He didn’t reference the Writers Guild of America strike at the commencement, but he did afterward.

Jeers and chants of “pay your writers” from picketers and a number of audience members greeted Warner Bros Discovery chief David Zaslav on Sunday as he delivered Boston University’s commencement address.

Warner Bros. CEO David Zaslav thinks consolidation is in the cards for streaming platforms, but not necessarily through traditional M&A. “There should be a consolidation, but it is more likely to happen in the repackaging and marketing of products together. That’s what I think makes sense. We have to, as industry, reach that point,” he said during a Q&A at a media conference today.

“Republicans are back on the air. Republicans weren’t on the air,” on CNN, Warner Bros. Discovery CEO David Zaslav told a media conference Thursday as he said the storied brand is moving to become less of an “advocacy network” under new leadership.

The advance buzz for The Flash continues to grow. The latest warm words about the movie come from the “King of Horror” Stephen King.

John Hopewell Chief International Correspondent Buenos Aires-based Meikincine has swooped on international sales rights to “The Extortion,” the biggest Argentine box office hit to date of 2023, in a deal with Warner Bros. Discovery Latin America.  “The Extortion” is backed by a pedigreed combo of Particular Crowd, part of Warner Bros. Discovery Latin America, Oscar winner Juan José Campanella’s 100 Bars, “Argentina, 1985” producer Infinity Hill and producer-service company Cimarrón Cine. Headlined by Guillermo Francella, memorable in Campanella’s Academy Award winning “The Secret in Their Eyes” and star of Pablo Trapero’s “The Clan,” “The Extortion” turns on Alejandro, a pilot with a secret. Blackmailed by sinister intelligence service agents, he is plunged into a world of intrigue and corruption from which he will battle to escape alive. 

Fox unveiled its 2023/24 programming slate this morning and the writers strike was front and center.

S Club 7 reappeared on social media one month after the death of group member Paul Cattermole. The pop singing group announced that the reunion tour would continue in memory of their bandmate.

Students at Boston University will have to cross a Writers Guild picket line to attend their May 21 graduation ceremony, where Warner Bros. Discovery President & CEO David Zaslav, an alumnus of the school, will be making the commencement address.

Stockholders have expressed serious displeasure with 2022 executive compensation at Warner Bros. Discovery led by CEO David Zaslav, according to the result of a vote at the annual meeting Monday that was filed with the SEC today.

Kristin Dolan, who took over earlier this year as CEO of AMC Networks, said the company is “very well positioned” to manage through the WGA strike.

As if movie fans needed another reason to be wary of new Warner Bros. Discovery CEO David Zaslav: Deadline reports that the CEO told the hosts of the CNBC show “Squawk Box” that “a love for working” will be what ultimately ends the current WGA writers’ strike.

Cynthia Littleton Business Editor David Zaslav and his team could be forgiven for sounding a little stressed on Warner Bros. Discovery’s Q1 earnings call. The company’s numbers were pretty grim for a CEO who prizes his free cash flow. The Warner Bros. Discovery chief was fired up about a number of issues affecting the studio behind the shield, and he fired off verbal volleys, pop culture quotes and metaphors, invoking everything from military terminology to Formula 1 racing to “The Blues Brothers.” But the liveliest moment of the hourlong conference call with Wall Street analysts was Zaslav’s discussion of subscriber churn rates and how they differ between HBO Max and Discovery+, the two streamers that are set to be married and relaunch as a joint product dubbed Max on May 23.

Warner Bros Discovery’s hour-long earnings call with Wall Street analysts Friday morning included nary a mention of the WGA strike, unlike many other such calls in recent days.

Warner Bros Discovery CEO David Zaslav has said the company’s U.S. streaming operation is “no longer bleeding” after it posted a $50M profit for Q1 this year. “It’s harder to run a business when you have a big bleeder,” he told investors on an earnings call minutes ago.

Brian Steinberg Senior TV Editor Warner Bros. Discovery posted a first-quarter loss, buffeted not only by the dynamics of streaming video that are eroding traditional media-industry economics, but also by charges related to the 2022 merger that created the company out of the former WarnerMedia and Discovery Inc. The owner of HBO, TNT and the Discovery Channel said its loss of $1.069 billion included $1.81 billion of “acquisition-related intangible assets and $95 million of pre-tax restructuring expenses.” The company also indicated that the debt it took on to finance the merger was affecting its financials. Warner Bros. Discovery had $836 million of “semi-annual interest payments largely attributable to merger-related debt that overwhelmed its cash flow.