Friday, February 3, 2023

Goodbye to cancellations: Warner Bros. Discovery assures it will no longer make movies and series on HBO Max

When Discovery took control of Warner Bros. They decided to make several changes, betting on recovering the biggest amount of money in the least amount of time, which led them to cancel series or even movies like ‘Batgirl’ that were already nearing completion. Was

The suffering seems to be over for many production companies, with the company’s CFO, Gunnar Wiedenfelds, announcing at the 2023 Communications, Media and Entertainment Conference that following an internal “restructuring,” They don’t expect cancellation anymore,

“It took us a while to make sure we got it right. For some titles, we found new homes elsewhere. So it took six or seven months. But I think we came up with great solutions.” and more importantly, we have completed that chapter.”

He mentioned that 2022 was important to change the initial strategy which was to close ranks in certain verticals and move forward with the current team:

“It was very important for all of us to really use 2022 to put the purchase accounting behind us, put those initial strategy changes behind us, get that out there in terms of our restructuring projections, and then move the page forward.” be able to. I think the team has laid a great foundation and I’m very excited to move forward from here.”

This could mean that we will no longer see sudden cancellations or further delays on current films. Recalling that from the outset, he noted that HBO Max had to offer quality over quantity as part of its business model, in addition to continuing to share Warner content on other streaming platforms.

In regards to the change of platform for the end of the year, he mentioned that trying to unify HBO Max and Discovery+ is one of his most important points:

“We are going to offer a great product from a consumer experience perspective and that is clearly the biggest hurdle for HBO Max. The experience is not where it should be.”

Latest rumors indicated that the company is analyzing the platform name drop like maxRemembering that it will arrive in Mexico and Latin America at the end of the year.

Nation World News Desk
Nation World News Desk
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