A lot is happening over at Warner Bros. Discovery (WBD) right now.
The company’s newly anointed top brass are canning major movies and TV shows en masse – irrespective of their cost (Batgirl) or critical reception (Gordita Chronicles) – while the threat of mass layoffs (opens in new tab) looms gloomily over those who work for its streaming divisions.
The restructuring comes as WBD attempts to trim around $3 billion from its operating costs, savings that it supposedly plans to pour back into content creation when its grand ambition – a new all-things-to-all-people super streamer – comes to pass in 2023.
The platform in question will see the conglomerate merge its existing HBO Max and Discovery Plus properties into a single, all-encompassing streaming service that provides “something for everyone in the household”, according to WBD honcho JB Perrette.
At present, WBD’s entertainment offering includes, among other networks, HBO, CNN, DC Comics, Discovery ...
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