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Warner Bros. Discovery CEO David Zaslav has directed his management team to implement additional cost-cutting measures to meet financial targets over the next few years, including potential layoffs, with over 2,000 positions already cut in the past year. Zaslav also evaded questions about talks with Paramount Global and the NBA, emphasizing that executive pay should align with stock performance. Additionally, the company plans to increase the price of its Max streaming service later this year.
Sources: Warner Bros. Discovery plans more cost-cutting to hit financial targets for next year, including raising Max prices and the possibility of more layoffs (@lucas_shaw / Bloomberg) https://t.co/Ty7Btupxy3 https://t.co/26yQABI1E5
Warner Bros. Discovery CEO David Zaslav has ordered his lieutenants to find additional opportunities for cost-cutting in order to hit financial targets for the next couple years, people with knowledge of the matter said. https://t.co/v0vkn8meEi
⚠️ WARNER BROS DISCOVERY PLANS NEW COST CUTS, HIKE IN MAX PRICE, BLOOMBERG NEWS REPORTS Full Story → https://t.co/M9tCHXDUMv Warner Bros Discovery is planning new cost cutting measures and raising prices for its Max streaming platform, Bloomberg News reported on Wednesday,…
