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>WON: The first sign of the realities of the Discovery merger are not good for TBS and TNT, but not unexpected.
>TNT and TBS are cutting way back on scripted programming. Discovery CEO David Zaslav has promised will find $3 billion in cost savings across the new company in the post-merger era according to an article in Variety. The article noted The WarnerMedia-run cable channels will no longer develop any new scripted content.
>On the investor call for Discovery’s first quarter business rundown on 4/26 , CFO Gunnar Wiedenfels said WarnerMedia assets profit projection for 2022 is $500 million lower than Discovery expected, and Discovery’s better-than-expected results help offset that for Warner Brothers Discovery.
>“2022 will undoubtedly be a messy year,” he said. Wiedenfels called Warner Brothers Discovery’s very recent decision to shut down the newly launched CNN+ “exhibit A” of that strategy.
>How this affects AEW is anyone’s guess. The company is also planning on going heavily after major sports. Basically it comes down to how they view AEW.
This is why Cody split, AEW is a sinking ship.
>TNT and TBS are cutting way back on scripted programming. Discovery CEO David Zaslav has promised will find $3 billion in cost savings across the new company in the post-merger era according to an article in Variety. The article noted The WarnerMedia-run cable channels will no longer develop any new scripted content.
>On the investor call for Discovery’s first quarter business rundown on 4/26 , CFO Gunnar Wiedenfels said WarnerMedia assets profit projection for 2022 is $500 million lower than Discovery expected, and Discovery’s better-than-expected results help offset that for Warner Brothers Discovery.
>“2022 will undoubtedly be a messy year,” he said. Wiedenfels called Warner Brothers Discovery’s very recent decision to shut down the newly launched CNN+ “exhibit A” of that strategy.
>How this affects AEW is anyone’s guess. The company is also planning on going heavily after major sports. Basically it comes down to how they view AEW.
This is why Cody split, AEW is a sinking ship.
