Though Zaslav said on “Squawk Box” that WBD thinks “streaming is going to be very profitable” for them, he could not lay out a clear position for the company regarding writers’ streaming residuals, one of the biggest sticking points in these negotiations.A distress flare wakes you and your partner up. WBD revealed a Q1 loss of $1.069 billion Friday, which included $1.81 billion of “acquisition-related intangible assets and $95 million of pre-tax restructuring expenses.”Īs part of its earnings report, the company stated it now expects its streaming business - led by the May 23 launch of Max, a combined and rebranded HBO Max and Discovery+ - to reach profitability this year, one year ahead of schedule. And so that’s what’s gonna bring us together.” Almost all of us got into this business with a lot of sacrifice in order to be part of that journey. We all came into this business because we love storytelling, we want to entertain and when we’re at our best, we get a chance to have an impact on the culture. When asked what would ultimately bring the studios and writers back to the negotiating table to make a deal, Zaslav told CNBC, “I think a love for the business and a love for working. amid the writers strike in the U.S., with sources stating that all scripts were “completed.” HBO’s “House of the Dragon,” arguably WBD’s highest-profile TV series, is currently still in production on Season 2 in the U.K. Friday marks the fourth day that the WGA has been on strike, with members coming out in droves to picket in front of studio locations and offices in NYC and LA.
The WGA work stoppage began Tuesday, following the guild’s inability to ink a last-minute deal with the Alliance of Motion Picture and Television Producers (AMPTP) before the deadline Monday night.
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