While HBO Max already paid for the production of these shows, it’s still on the hook for residuals, including so-called back-end payments to cast, crew and writers, based on long-term viewership metrics.
By removing these films and shows, especially the ones HBO Max created rather than licensed, executives can cut expenses immediately. Warner Bros. Discovery has promised at least $3 billion in synergies stemming from the merger of WarnerMedia and Discovery, announced in May.
The content eliminations in total will save “tens of millions of dollars,” according to two people familiar with the matter, who asked not to be named because the finances are private.
it’s like how american rail freight companies absolutely HATE running freight trains, and instead find it much more efficient to just do stock trading or whatever the fuck.
what the hell is the point of buying all these companies and running a service into the ground? why not just sell it all and literally become an investment company? aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
It’s runaway corporate greed. HBO Max, or whatever it’s called now, cut a bunch of it’s own shows. The reason is that if they let you stream them, they have to pay residuals .
it’s like how american rail freight companies absolutely HATE running freight trains, and instead find it much more efficient to just do stock trading or whatever the fuck.
what the hell is the point of buying all these companies and running a service into the ground? why not just sell it all and literally become an investment company? aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa