This Streaming Stock Could Soon Change Beyond Recognition

·3 min read
This Streaming Stock Could Soon Change Beyond Recognition

Since WarnerMedia and Discovery merged earlier this year to become Warner Bros. Discovery (NASDAQ: WBD), the entertainment company has actively been trimming expenses as part of a plan to save at least $3 billion per year. Under President and CEO David Zaslav, Warner Bros. Discovery shuttered streaming service CNN+ mere weeks after it launched and subsequently ended production on multiple HBO Max Originals in Europe. Most recently, Zaslav axed HBO Max movies Scoob!, Holiday Haunt, and Batgirl, with the executive suggesting such projects do not significantly incentivize customers to sign up for the service.