It might be nearly 25 years later, but luckily for Ice Cube, there’s always another Friday around the corner.
04.06.2024 - 12:31 / deadline.com
Warner Bros. Discovery‘s (WBD) boss in the UK has said the streaming industry has moved “smartly” away from a “subscriber growth almost at any cost” approach.
“Scale is important but profitable growth with responsible spending is much more important,” Andrew Georgiou, who was promoted last year, told the Deloitte and Enders Media & Telecoms 2024 and Beyond Conference in London.
He talked up WBD and others’ commitment to bundling as a way to battle against the issue of subscriber churn, which is having big knock-on impacts on the business.
“Netflix is a mainstay but we are starting to see real SVoD churn, people cycling in and out at an increasing rate,” he added. “That phenomenon is a huge cost to business and reducing that churn, increasing engagement and reducing the cost of ‘winbacks’ is something we all need to focus on.”
He was speaking on a panel after Netflix Co-CEO Greg Peters talked up the streamer’s breadth of content in the UK.
“The bundling opportunity provides better lifetime value,” Georgiou went on to say. “It used to be subscriber growth at any cost but we’ve moved smartly away from that phenomenon. Scale is important but profitable growth with responsible spending is much more important.”
Around the world there are “deeper, more collaborative experiments” in bundling taking place, Georgiou added, pointing to WBD U.S. sports bundles as an example.
He cited major differences between the U.S. and UK that U.S. businesses need to remain cognisant of, saying that 58% of TV is watched on free services in the latter compared to less than 25% in the former.
Chris Bird, who runs Prime Video in the UK and was speaking alongside Georgiou, stressed Amazon‘s commitment to bundling, pointing to the potential for
It might be nearly 25 years later, but luckily for Ice Cube, there’s always another Friday around the corner.
Netflix‘s EMEA chief has described his Los Gatos overlords as “very hands off” when it comes to content strategy outside the U.S.
Michaela Zee Warner Bros. Discovery is set to name Robert Gibbs, the White House press secretary to former President Barack Obama, as its new communications chief, Variety has confirmed. The company is expected to make the announcement official on Monday, and is believed to have already informed WBD chief David Zaslav’s direct reports with the news.
Warner Bros. Discovery’s search for a new comms chief is over with the media giant expected to name Robert Gibbs, the White House press secretary for former president Barack Obama, to the job, Deadline has learned.
Brian Steinberg Senior TV Editor Charles Barkley is blocking Warner Bros. Discovery‘s drive to the net.
Warner Bros. announced on Thursday that Trap, the latest thriller from two-time Oscar nominee M. Night Shyamalan, will go earlier, moving up a week from August 9 to August 2nd.
Brendan Kelly Liberty Global is buying a stake of Formula E from Warner Bros. Discovery, giving the media company controlling interest in the all-electric version of the motorsport. A publicly traded company led by billionaire John Malone, Liberty Global announced Thursday it is in the process of acquiring WBD’s 25% equity in Formula E, which is in its 10th racing season.
Warner Bros Pictures has acquired Pedro Almodóvar’s English-language feature debut, The Room Next Door, for release in a host of key international markets including the filmmaker’s home turf of Spain.
Elsa Keslassy International Correspondent Warner Bros. Pictures has acquired Pedro Almodóvar’s English-language film debut “The Room Next Door” for key international territories, including the U.K., Spain, Italy, Germany and Latin America. Starring Julianne Moore, Tilda Swinton and John Turturro, “The Room Next Door” will also be released by Warner Bros.
The streaming war is over, but we are now in a streaming cold war as players work out which alliances they want to make and how to adapt to the new landscape, Warner Bros. Discovery international exec Jamie Cooke said during his keynote at the ongoing NEM Dubrovnik event in Croatia.
Brian Steinberg Senior TV Editor Warner Bros. Discovery is suddenly seeing red — clay, that is — in its bid to build out its sports portfolio. A new ten-year pact for the U.S.
Ocean’s Eleven, Ted Lasso and the challenging state of the television business were all topics addressed by Channing Dungey, Chairman and CEO of Warner Bros. Television Group, at the Banff World Media Festival today.
Michael Schneider Variety Editor at Large It’s probably not the right time for a new version of “The West Wing,” but never say never, Warner Bros. TV Group chairman Channing Dungey told an audience on Monday at the Banff World Media Festival.
As intrigue continues to swirl about its future role as an NBA broadcaster, Warner Bros Discovery‘s Turner Sports has secured U.S. rights to the French Open tennis tournament.
Two House Democrats again are expressing antitrust concerns about Venu, the upcoming sports streaming joint venture from Disney, Fox and Warner Bros. Discovery, and are seeking more answers from the companies.
Brian Steinberg Senior TV Editor The Warner Bros. Discovery sports portfolio has long been grounded in offerings from the major U.S. leagues.
Brian Steinberg Senior TV Editor Warner Bros. Discovery’s bid to stay in the business of basketball is anything but a slam dunk. The media company has signaled in recent days to the NBA that it would like to discuss the prospect of carving out a small package of game rights to go alongside those already negotiated with Disney, Amazon and NBCUniversal, according to people familiar with the talks.
Jax Taylor is all over the place!
K.J. Yossman Dana Strong, CEO of Comcast-owned Sky Group has promised customers of the U.K. media conglomerate will continue to receive Warner Bros Discovery content on Sky platforms, saying that discussions with the studio to extend their content agreement are ongoing.
The Netflix Tom Brady roast caused quite the splash and the streamer’s Co-CEO Greg Peters was delighted.