cabose7

cabose7 t1_j9t6pws wrote

>Finally some positive news. For all the groaning that streaming is a bust Zaslav has actually got HBO Max close to profitability in less than 9 months in charge.

Warners prior to Discovery was trying to expand HBO Max through big ticket spending, of course he was able to cut costs significantly by completely abandoning that strategy.

That isn't some brilliant idea. He just gave up on building a big streaming service.

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cabose7 t1_j6iqb7j wrote

People are just tired of the cycle of lossleaders burning VC cash and loans and then everything going sideways when the free money faucet turns off and these companies frantically grasp for anything to make themselves sustainable.

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