Skip to main content

Warner Bros. Discovery is ‘absolutely not for sale,’ says CEO

Illustration of the HBO Max wordmark on a blue, black, and tan background.
My “We Are Not For Sale” shirt has people asking a lot of questions already answered by my shirt. | Illustration by Alex Castro / The Verge

Warner Bros. Discovery’s CEO David Zaslav seems to be trying to squash rumors that he wants to sell the company to the likes of Comcast. According to a report from Deadline, he told employees that “we are not for sale, absolutely, not for sale,” during a Zoom call on Wednesday attended by staff from all over the company.

While he reportedly didn’t address any specific rumors, a recent report from The Hollywood Reporter seems to be the likely target of his comments. Earlier this month, the outlet suggested that “top industry execs” were “convinced” that Warner Bros. was on the brink of merging with Comcast, owners of NBCUniversal and the Peacock streaming service (and, disclosure, an investor in Vox Media, The Verge’s parent company). One was even already mourning the loss of another major studio after Disney bought 21st Century Fox, according to the report.

It’s easy to understand why there are rumors that the company might be looking for a buy-out. As The Hollywood Reporter notes, its search for someone to lead its 10-year DC plan hasn’t been particularly fruitful, it has a staggering amount of debt, and there have been layoffs, with talk of more being on the way.

Then, there’s the baffling-from-the-outside decisions to cancel a finished Batgirl movie and yank content from its flagship streaming service, HBO Max. John Oliver, known for taking shots at whatever company is in charge of HBO, even recently joked about how he got the sense that Warner Bros. Discovery was “burning down my network for the insurance money.”

In other words, it’s been a rough few months since the mega-merger that created the company completed. But as my colleague Alex Cranz points out in an excellent post, Zaslav’s goal isn’t for Warner Bros. Discovery to win the streaming wars with whatever service that results from the merging of HBO Max and Discovery Plus. Instead, he wants to make as much profit of as little investment as possible; however that has to be done. It’s understandable that people thought the most logical way to make a quick buck would be packaging up a bunch of services and IP into a sort of turnkey purchase for some other media corporation, but that assumes that Zaslav is playing the same game as everyone else. And at this point, it’s not entirely clear that he is.

Of course, it’s always possible that the statement is some sort of 4D chess move to solicit big offers, but that seems unlikely to me. According to Deadline, he told workers that “we have everything we need to be successful to be the biggest entertainment media company in the world,” and the company is well on its way to achieving its $3 billion cost-cutting goal. Sure, things might look bad for the company’s customers, but why sell just as you’re getting your business right where you want it?



Source: The Verge

Popular posts from this blog

Uber Eats exits seven markets, transfers one as part of competitive retooling

Uber Eats is pulling out of a clutch of markets — shuttering its on-demand food offering in the Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Uruguay and Ukraine. It’s also transferring its Uber Eats business operations in the United Arab Emirates (UAE) to Careem, its wholly owned ride-hailing subsidiary that’s mostly focused on the Middle East. “Consumers and restaurants using the Uber Eats app in the UAE will be transitioned to the Careem platform in the coming weeks, after which the Uber Eats app will no longer be available,” it writes in a regulatory filing detailing the operational shifts. “These decisions were made as part of the Company’s ongoing strategy to be in first or second position in all Eats markets by leaning into investment in some countries while exiting others,” the filing adds. An Uber spokesman said the changes are not related to the coronavirus pandemic but rather related to an ongoing “strategy of record” for the company to hold a first or s

Keep your Oculus Quest controllers going strong with these batteries

The Touch Controllers for the Oculus Quest 2 ship with one disposable AA battery each, but once those run out of juice, you should invest in the best Oculus Quest 2 replacement batteries to fill in for them. While the Touch Controllers last much longer than the headset's limited battery, it's still wise to invest in some rechargeable batteries or a stack of disposable batteries to stop your VR sessions from getting disrupted. Here are the batteries and chargers we recommend for your Oculus Touch controllers. Best rechargable batteries + charger Panasonic K-KJ55MCA4BA 3 Hour Quick Charger with 4 AA eneloop Rechargeable Batteries Staff Pick These rechargeable batteries store up to 2,000 mAh of power and can be recharged up to 2,100 times. They can be charged completely from dead or partially charged without damaging the energy storage memory. We recommend buying them with the quick charger accessory, which will get your AAs recharged in no time, but you can also purchas

These Android games support Bluetooth controllers and they're better for it

Gaming is simply better with a controller in your hands. Gaming on Android typically requires you to settle for using touchscreen controls. However, some gracious game developers take the time and effort to add support for Bluetooth gamepads— and we love them for it. Since so few games provide this feature, we've taken the time to test and compiled our list of the best games that let you play with the best Bluetooth controller in your hands. We'd also recommend getting a Style Ring or PopSocket which can help prop your phone up at a good angle for gaming. You might recognize some of these games from the best Android games roundup and for good reason. But you're here for the best games with controller support, after all, so here I present to you the best you can find on the Play Store. The games Call of Duty Mobile GRID Autosport Tesla vs Lovecraft Evoland 2 Horizon Chase World Tour Riptide GP: Renegade Modern Combat 5: Blackout GTA: San Andreas Oceanhor

What ancient advice can teach us about AI

Artificial Intelligence (AI) is everywhere. Siri, Alexa and Google Assistant have become indispensable to millions of users. Tesla Autopilot has the potential to change driving forever. And IBM Watson took a new job providing big data solutions to corporations after its first job was in jeopardy. Those are just the most prominent examples. Helpful applications of AI are being deployed in a broad spectrum of industries, but AI also has the potential to be misused. About the author  Jason Egnal is Chief Marketing Officer at Zenfolio . His background spans a variety of industries, including SaaS, AI, Fintech and Consumer Electronics.  Zenfolio, the website builder and photo sharing site , recently introduced technology that applies AI to assist photographers in selecting the best photos from the thousands of shots typically taken during a photo session. The advanced image recognition technology is tremendously powerful and can make photographers more efficient than they ever d