Reported 6 months ago
At a London conference, Warner Bros. Discovery (WBD) U.K.'s top executive Andrew Georgiou discussed the reinvention of the streaming model, emphasizing the importance of scaling global streaming businesses profitably. He mentioned the significance of streaming bundles in reducing churn and increasing engagement among consumers, with Netflix being a vital component of such bundles. Georgiou also mentioned WBD's goal to achieve $1 billion in streaming profit by 2025 with over 125 million subscribers, and hinted at the launch of their streamer Max in the U.K. in 2026, amidst a competitive streaming landscape with companies like Netflix, Disney, and Sky striving for streaming success.
Source: YAHOO