Cost-cutting at Warner Bros. Discovery, a shift away from kid shows and 'decluttering' the streaming experience are among the reasons.
After axing ‘Batgirl’ and removing a number of film and TV titles from HBO Max, Warner Bros. Discovery is shrinking its ‘Sesame Street’ library.By removing the series and films, the company expects to save $100 million annually. Along with Warner Bros. Discovery’s need to reduce debt, media companies with streaming services are up against an unforgiving Wall Street, which wants to see a path to profitability.
, and has killed a number of expensive projects such as the J.J. Abrams series “Demimonde,” and pre-merger initiatives at WarnerMedia such as CNN’s streaming service.The same criteria that’s been used for decades — shows that weren’t getting a substantial audience got the ax. A similar purge has occurred at Discovery+, the streaming service launched by Discovery Inc. before the merger.
Doesn’t HBO own most of its shows? Why can’t it keep those titles around for viewers who still want to watch? Even when a network or streaming service owns a show, there are still profit participants — creators, producers and sometimes actors — who have to be paid unless their financial interests are bought out ahead of time. Those are part of the costs that are being saved with the removal of the programs.
Warner Bros. Discovery executives are also concerned about having too much little-watched content on the site, which can make it harder for viewers to find the shows they really want to see. The new buzzword in the streaming business is “decluttering.”Warner Bros. Discovery executives have determined that HBO Max is an adult-themed service. The strategy may shift once HBO Max and Discovery+ are combined into a single service next year.
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