New CEO of Warner Bros. Discovery is ready to take over Netflix

Final yr, AT&T introduced plans to spin off WarnerMedia into Discovery. Now that the deal is lastly executed, the 2 firms have formally merged to kind a brand new one referred to as Warner Bros. Discovery. (DISK) – Get the Class A Report from Discovery, Inc..

The brand new firm’s CEO, David Zaslav, used his first earnings name with traders on April 26 to put out his imaginative and prescient for Warner Bros. Discovery, explaining why HBO and Discovery’s audiences aren’t as totally different as folks suppose.

He took the time to softly nudge Netflix, whereas refusing to elucidate why he determined to cancel CNN+ simply weeks after it launched.


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