Warner Bros. Discovery is aggressively venturing into the Free Streaming (FAST) space after removing a ton of titles. HBO Max.
This is because more shows are being removed from streaming services. wolf raisedthe class leader and the time traveler’s wife reality show too FBoy Island, Legendary When Found Magic Mike.
The company does these shows, most of which were previously known to be canceled (only discover magic mike will be newly scrapped), leaving the platform and instead putting together a package of shows and licensing them to third-party FAST channels.
Many of these shows are being produced by other studios, such as Scout Productions and STX, but sources say arrangements are being made, even though full contracts haven’t been struck.
Westworlda series produced by Warner Bros. TV, Deadline clearly was lined up for free streaming, but is among the list for this show. Nevers.
On the other hand, rights Gordita Chronicles, Love Life, Made for Love, The Garciaz When minxCanceled, back to the producers and studios behind them. The company said it is discussing opportunities with studio partners “including, but not limited to, licensing the series to third-party FAST platforms.”
However, sources say these companies, including the likes of Lionsgate, are free to do whatever they want with these shows, including selling to rival paying streamers.
Warner Bros. Discovery also says it will reveal details of its “long-term WBD FAST service in 2023.”
Westworld Creators Jonathan Nolan and Lisa Joy said: Westworld And a great job by the cast and crew. We are thrilled to have the opportunity to welcome a whole new audience to our show. “
All of this comes as the company has revealed Content and development required a larger amortization than originally anticipatedAn SEC filing on Wednesday noted that restructuring and impairment charges related to the WarnerMedia-Discovery merger currently cost up to $5.3 billion, increasing from a maximum of $2.5 billion to $3.5 billion. .
“It’s dirtier than I thought, much worse than I thought.” warner bros discovery CEO David Zaslav said recently. “I opened the closet and things fell out. We’re fixing them. Some assets are better than we thought at the core. Talent is better than we thought.” But there were a lot of things that were unexpectedly worse than we expected.”
“All of this amortization… we didn’t show off a single platform that could help us in any way,” he added on a recent earnings call.
Other titles removed from HBO Max this year include: camp, Mrs. Fletcher, run When vinyl reality series such as Ellen’s Next Great Designer When generation hustle As with many anime series.
Also killed someone in production bat girl movie; J.J. Abrams’ HBO drama series scrapped Demimond, was reported to have a mid-$200 million budget. As well as the slash series such as Big D, Chad Others on the Turner Network side.