GarlVinland4Astrea t1_ix0l82d wrote on November 19, 2022 at 8:34 PM

Reply to comment by nowlan101 in How Did AT&T's $100 Billion Time Warner Deal Go So Wrong? by ix0WXOeip4V6

The problem people on this sub generally have is that they equate "I didn't get the entertainment outcome I wanted" with "this is bad business"

austinrose7 t1_ix25re0 wrote on November 20, 2022 at 4:02 AM

Exactly. Every single decision Zaslav has made so far has been an excellent business decision. The problem is it’s not favorable to people wanting a shitty straight-to-streaming capeflick with atrocious test scores and TWO $100-200m budgeted esoteric sci-fi series with poor ratings.

smokeyjay t1_ix27pqi wrote on November 20, 2022 at 4:20 AM

Don't follow streaming, but Zaslav mentioned that HBO spent 7 billion and lost 3 billion last year. And if we are heading into a recession where advertising is cyclical, can see ad revenue from WB crater. I've been saying streaming is a shitty business - it meets Buffett criteria of the worst type of business.

https://www.cnbc.com/2022/11/15/ad-market-worse-now-than-during-pandemic-lows-david-zaslav-says.html

That doesn't excuse Zaslav. Haven't been following what he's been doing.