He really ran HBO Mid into the ground
One of the biggest fights in streaming right now is finding a way to make it profitable. Most streaming services, including major ones like Disney+, Peacock, and Paramount+, are all still losing money. Disney and Paramount reportedly plan to become profitable with its streaming in 2024 or 2025.
Now Warner Bros. Discovery has come out and said that its new streaming service Max was “getting slightly profitable” in the first half of 2023. This would make Max one of the few streaming services to be profitable alongside Netflix. Gerhard Zeiler, the president of international at Warner Bros. Discovery, went on to say, “What we see at least in the last, let’s say 12 months, is that the era of streaming we saw with an over-delivery of content underpriced at this low level [is over].” According to a report from The Hollywood Reporter