Warner Bros. Discovery Plans Fresh Cost Cuts, Hike in Max Price [BNN Bloomberg (Canada)]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: BNN Bloomberg
They include the possibility of more layoffs at the company, which has eliminated more than 2,000 positions over the past year, said the people, who asked not to be identified because the plans are still being worked out. The streaming operation alone could bear hundreds of millions of dollars in budget cuts, mostly in marketing and technology, the people said. The company, the parent of CNN, HBO and the Warner Bros. studios, has also decided to raise subscription prices as it seeks to reach $1 billion in earnings from the Max and Discovery+ streaming services next year, the people said. The Max streaming service costs $15.99 a month for its lowest-priced ad-free plan. Warner Bros. declined to comment on any specific plans for cost cutting or price increases, but said in a statement: “The company is focused on the long-term growth of the business overall, including Max, which has been a priority across WBD to expand the original content offerings for our streaming audiences inc
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Earnings
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Sec Filings
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