[Grisham]

Wall Street's change of heart over Netflix is now radiating uncertainty throughout Hollywood. A new age of austerity may be emerging in the streaming wars.
"The world all of a sudden woke up and said: 'No, you have to make money'," said the former chief executive of a major television network. "Now it's like: 'I can't just spend $15bn on content and say we're growing 3mn subs in Indonesia and have the Street add another $50bn to your market cap?'"

Netflix last week updated the principles of its corporate culture to include "You spend our members' money wisely", marking the first time it has codified any notion of expense control. Industry giant Warner Bros Discovery has also announced plans to slice billions from its budget.

Spencer Neumann, Netflix chief financial officer, said the company would be "pulling back" on spending growth over the next two years, as it seeks to maintain its operating profit margin at about 20 per cent.

Warner Bros Discovery, one of the largest entertainment studios and the owner of HBO and CNN, has offered more details about planned cost reductions since forming in a $43bn merger of WarnerMedia with Discovery in April. Chief executive David Zaslav promised investors he would find $3bn in cuts while also delivering $14bn in annual earnings before interest, taxes, depreciation and amortisation. The company has $55bn in debt.

Zaslav's first company town hall on April 14 pointed to the task ahead. He invited Oprah Winfrey to interview him and declared the merger to be "our rendezvous with destiny".

Later on during that "bright and shiny day" — as Zaslav had described it — he and his deputies decided to axe CNN Plus, an ambitious news streaming project that had launched only a month earlier.

Now Zaslav and his team, led by chief financial officer Gunnar Wiedenfels, are in the midst of another unpopular task: auditing Warner-Discovery's expenses to find where to trim.

 

[cryptoadam]

Heres a tip

Get big Muscle men, big titted sexy ass ladies and start making boom boom bang original movies. No more woke gay lesbian black albino movies, no more race or gender swapping. Just give us the titties and the Arnies and we will be happy.

 

[WesternBlood]

May all Virtue Signaling actors and actresses find out their true self worth.

*hint, yes I will take fries with that.

 

[Night Sky]

Too much bloat and flumpf tele. Compare discovery from 1994 to 2004, 2014 and 2022. You'll see why it has declined I'm viewership

 

[Snes nes]

Heres a tip

Get big Muscle men, big titted sexy ass ladies and start making boom boom bang original movies. No more woke gay lesbian black albino movies, no more race or gender swapping. Just give us the titties and the Arnies and we will be happy.

they can just go make anime people seem to be attracted to watching the same shonen or slice of life anime over and over again so it could work.

 

[Dr. Farnsgoth]

Good, bring on the hard times

 

[Rock And Roll]

Cancelled my subscription after I was a Nazi for thinking Cuties was some sussy pedo bullshit. Haven't went back and have no intention of doing so. I'm not naive enough to think this is due to people getting fed up with Netflix's increasing liberal agenda, but it certainly didn't help them retain subscribers by getting overly political and telling us to kick rocks if we didn't like it.

 

[teezzy]

The audience votes with their wallet based upon what they want to see. People are getting tired of this preachy lecturing garbage and just wanna have a good time, especially after Covid and all this Ukraine crap, etc

Enough is enough