Warner Bros Discovery Inc on Thursday posted a $2.1 billion loss in its fourth quarter, reflecting ongoing charges related to the restructuring of the merged media companies.
"With the major restructuring decisions behind us, this year we are focused on building and growing our business for the future," Chief Executive David Zaslav said in a statement.
Marvel Cinematic Universe. DC Studios co-Chairmen James Gunn and Peter Safran outlined plans for 10 film and television projects that tell a single story that unfolds over eight to 10 years.Like other media companies, Warner Bros Discovery has yet to turn a profit on its HBO Max and Discovery+ streaming services, though the company has reduced losses from them.
Disney, by contrast, reported a operating loss of more than $1 billion for its streaming media unit in its December quarter, which includes the flagship Disney+ service. Paramount GlobalThe relaunch of HBO Max on Amazon Channels in December helped add 1.1 million subscribers in the quarter, bringing the total to 96.1 million.
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