After a year of cancellations and restructuring, Warner Bros. Discovery wants to move forward.
, and that “we’ve come to great solutions” — alluding to the company’s plans for some of its content to move to other services. In order to properly move forward, Wiedendels insisted, WBD had to get its cost-saving cancellations out of the way first.
“That was very important to all of us, to really use 2022 to leave the purchase accounting behind us, leave those initial strategy changes behind us, get it all out there in terms of our restructuring estimates and then be able to turn the page forward,” Wiedendels said. “I think the team has laid a great foundation, and I’m really excited about the growth from here.”
The idea of HBO Max — which is set to become a new service once it fully merges with Discovery Plus — going through a growth spurt sounds a bit dubious after a year of watching the service lose so many of its series. But Wiedenfels said that every cost-cutting measure that Warner Bros.
It’s certainly nice to hear that WBD doesn’t plan on further scorching the earth with content write-offs as it gears up to launch sometime this spring. But Zaslav’s WBD is one that operates like a business focused on profit above anything else, and it wouldn’t be at all surprising if the write-offs were actually over just yet.
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