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UnevenEdge

Warner loses money in Q4, ups content cutting forecast to $4 billion, possibly $5 billion


Jman

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5 hours ago, ben0119 said:

How much more can they cut?!

I had seen an article where people who had their stuff canceled were speaking out against these cuts, but I can't find it now.

This one?  They got Rian Johnson of all people to speak on it.

https://www.hollywoodreporter.com/business/digital/rian-johnson-jerry-bruckheimer-streamers-pulling-projects-1235330823/

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11 hours ago, OwlChemist81 said:

So you do a sub-par job with your network and get rewarded!?

Hopefully they'll sell WBD again soon. I hope this time Sony's buying!

No, what they're saying is that their primary goal is to reduce the big debt number that's been hanging over Warner.  The more cash on hand and the less debt, the more pay they get.  It's an incentive to deal with their big problem and make the company profitable.  The problem is that Zaslav's preferred way to do that seems to be to cut content.

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