I covered TV and other media for 15 years at Media Life (RIP). Now I write and edit for businesses and magazines.
did lift the company’s theatrical division, and WBD reported a profit for streaming, a rarity in the current media marketplace.
continue to post streaming losses. The profit came despite a slight decline in subscribers, down 0.7 million to 95.1 million. That includes subscribers to Discovery+ and Max, formerly HBO Max, which now houses much of Warner Bros. Discovery’s streaming content. “TV revenue declined significantly primarily due to certain large licensing deals in the prior year and the impact of the WGA and SAG-AFTRA strikes,” noted the earnings release. WBD’s networks, which encompass linear TV, saw advertising revenue decline 13%, contributing to an overall revenue decline for the segment of 7%.. WBD CEO David Zaslav sounded more optimistic than others, following rumors on Twitter last night that a deal was imminent.
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