Warner Bros. Discovery Won’t Overspend to Win Streaming Subscribers, CEO David Zaslav Says
The newly formed entertainment conglomerate’s assets include Warner Bros.
Photo:
Jill Connelly/Bloomberg News
Warner Bros. Discovery Inc. Chief Executive
David Zaslav
said the newly formed entertainment conglomerate, whose assets include CNN, HBO and Warner Bros., would move fast to put his vision in place.
“We will clearly take swift and decisive actions on certain items, as you saw on CNN+ last week,” Mr. Zaslav told analysts on an earnings call Tuesday morning referring to the decision to shutter CNN’s direct-to-consumer streaming service about a month after it launched.
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Mr. Zaslav also said the company wouldn’t spend wildly to boost its various news and entertainment assets when it comes to streaming.
“We are not trying to win the direct-to-consumer spending war,” he said.
Write to Joe Flint at [email protected]
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