After not just canceling Western world, one of HBO’s standout series, in addition to pulling it from HBO Max, Warner Bros. Discovery has continued to cut its content to save money, including removing classic animations from the catalog. But now, one of Warner Bros. Discovery’s top brass says that’s a thing of the past in 2023.
Since the merger between WarnerMedia and Discovery, with David Zaslav taking over the newly formed Warner Bros. Discovery, several content cuts have been made, culminating in some extremely significant ones, such as the departure of Western world of the catalog and the cancellation of the film bad girlwhich was already in post-production.
But now the company’s Chief Financial Officer, Gunnar Wiedenfels, said that Warner Bros. Discovery is ready to change its strategy and put more energy into creating new things rather than shrinking existing productions.
In a conversation during a Citibank annual conference (via Variety), Wiedenfels was adamant that 2023 was a “relaunch and build” year for Warner Bros. Discovery. The Chief Financial Officer explained that the company felt it necessary to take “some time to make sure we get it right,” in reference to the gradual selection of titles from last year’s HBO Max catalog, and that “we’ve come to great solutions” – alluding to the company’s plans to move some of its content to other services.
To move forward properly, Wiedendels insisted, WBD first had to get its cancellations out of the way to save costs. “It was really important for all of us to really use 2022 to put our purchasing accounting behind us, put those initial strategy changes behind us, get whatever is out there in terms of restructuring estimates and be able to move on.” Warner Bros. finance director said Discovery. “I think the team has laid a great foundation and I’m really excited about the growth to come.”
“It was really important for all of us to really use 2022 to put our purchasing accounting behind us, put those initial strategy changes behind us, get whatever is out there in terms of restructuring estimates and be able to move on.” Wiedendels said. “I think the team has laid a great foundation and I’m really excited about the growth from here.”
On the other hand, it seems a little doubtful that HBO Max, which is expected to become a new service in 2023 after merging with Discovery+, will experience a growth spurt after losing so much content. But Wiedenfels said all of the cost-cutting measures Warner Bros. Breakthroughs adopted in 2022 “reflect an industry that has gone overboard and gone into a spending frenzy” at a time when “there was a lot of thought about ‘let’s do more, more, more’, not necessarily ‘let’s do exactly the right things. , let’s do what works’”.
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Source: Olhar Digital
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
