Max Rebranding Causes Warner Bros. Discovery Stock Dip
TL;DR Summary
Shares in Warner Bros Discovery fell by just under 6 percent after the company unveiled Max, its refreshed streaming service that combines programming from both HBO Max and Discovery+. The newly-combined streamer aims to better compete against Netflix and Disney+ in the online video arena. Warner Bros Discovery hopes that shares will rebound when investors digest new programming for the Max service, which includes Harry Potter and The Conjuring TV shows, a new Game of Thrones spinoff, and a new Big Bang Theory spinoff. The company has 96.1 million streaming subscribers across HBO, HBO Max, and Discovery+.
Topics:entertainment#business#competition#max-streaming-service#stock-market#streaming-subscribers#warner-bros-discovery
- Warner Bros. Discovery Stock Slides After Max Streaming Rebrand Hollywood Reporter
- HBO Max will just be called 'Max' when it folds in Discovery+ on May 23rd Engadget
- Wall Street Shrugs Off Max As WBD Shares Dip 6% Deadline
- Heard on the Street Recap: Streamed Out The Wall Street Journal
- New subscription service “Max” coming May 23 Abccolumbia.com
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