This is why regulators must block by default all mergers, specially when it comes to media companies. No one benefited from this except the executives.
「 Warner Bros. Discovery seems set to remove at least 16 games from its Adult Swim Games subsidiary from games markets and has told the affected developers that it will not transfer the games back to them nor offer other means of selling them in the future 」
David Zaslav is the guy who started cutting content and killing films to "save money" and bolster the APPEARANCE of WBD's stock price. Seems his tactics were exactly what we expected, a short term gimmick, good for a single fiscal quarter, and disastrous in the long term.
He will absolutely earn MILLIONS from this terrible performance as CEO. There need to be more significant consequences for millionaire CEOs running companies into the ground.
There are jobs and livelihoods at stake.
Exciting news for cycling fans! Warner Bros Discovery's Max is the new home for pro cycling coverage, offering a substantial lineup of races. Get details on what's changing, costs, and coverage here: https://t.co/ggMnkY3wo7#cycling#WarnerBrosDiscovery#Max
New post: Sony is deleting purchased PlayStation videos from customers' libraries, in a reminder that DRM sucks. Also: what are the alternatives to buying digital videos?
@bghote The cost-cutting #WarnerBrosDiscovery regime that rebranded #Max also unceremoniously canceled new original development in many countries; quietly removed multiple original movies, series, and dozens of catalog episodes without notice (including 200 of the long-running childrens’ show #SesameStreet that originally aired on #PBS—your tax dollars gone); and canceled several nearly-complete movies.
They are no longer a good steward for anything, especially #DoctorWho.
so #TLC, owned by #WarnerBrosDiscovery, CEO'd by #DavidZaslav who wants to completely destroy the residuals system #WGA & #SAGAFTRA union members depend on for subsistence is now, officially, in the business of #pornography (which, as an industry, has no #unions defending their sex workers labor rights) with a new show on what used to be The Learning Channel, called "MILF MANOR"
After a week of drama swirling around the survival of the Turner Classic Movies channel, drawing the concerns of #StevenSpielberg, #MartinScorsese and #PaulThomasAnderson leading to a sit-down with #WarnerBrosDiscovery head #DavidZaslav, a new plan is being put in place that will see the three directors taking an active role in the network working with newly installed Warner Bros Motion Picture Group toppers Michael De Luca and Pam Abdy.