'Even in an industry of hits and misses, we must acknowledge that our studios business must deliver more consistency,” the studio chief told analysts during an analyst call.
led the box office in 2023 with $1.44 billion in worldwide revenue. But a studios unit that fired on all cylinders, and yet is slowed by legacy cable TV brands facing headwinds from cord-cutting and advertising challenges, was addressed during a Thursday morning analyst call.
“There have been some real bright spots in our studios business. Our TV studio is on track to have its most profitable year in scripted content in the last five years,” Zaslav argued. And he talked up the movie side of the studio after the recent release of“Even in an industry of hits and misses, we must acknowledge that our studios business must deliver more consistency,” Zaslav added. He also addressed an underperforming gaming unit.
that can shape culture, spark conversations, and become appointment viewing, always win over time,” Zaslav said. WBD CFO Gunnar Wiedenfels echoed optimism about a bounce-back for the studios business, and as one operation, when asked about possibly separating the studios and streaming units. “I think we have a very sustainable, long term growth story ahead here for this studio. That’s especially when it comes to content. This is an area where we see the benefits of running this company on an integrated basis every day… We’ve made a ton of progress.
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