Warner Bros. Discovery Boosts Revenue and Subscribers Amid Streaming Success
TL;DR Summary
Warner Bros. Discovery reported a strong second quarter with $9.8 billion in revenue, driven by a 55% increase in studio earnings from hits like Minecraft and Sinners, and added 3.4 million streaming subscribers, despite challenges in linear TV. The company plans to release numerous new films and focus on content differentiation, while preparing to split into two entities, Warner Bros. and Discovery.
Topics:business#business#content-licensing#film-revenue#hbo-max#streaming-subscribers#warner-bros-discovery
- Warner Bros. Discovery Adds 3.4 Million Streaming Subscribers, But ‘Minecraft’ and ‘Sinners’ Power Earnings The Hollywood Reporter
- Warner Bros. Discovery Tops Revenue Estimates, Swings to Profit The Wall Street Journal
- Warner Bros. Discovery film studios lift second-quarter results CNBC
- Warner Bros Discovery's revenue surges on streaming expansion, box-office hits Yahoo Finance
- Warner Bros. Discovery Stock Rises After a Surprise Profit. The Box Office Is Back. Barron's
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