David Zaslav, the CEO of Warner Bros. Discovery, spoke about the company’s earnings and HBO Max during a recent earnings call. The company announced that HBO Max has reached 95 million global subscribers, which is up from the 70 million subscribers that were announced last quarter. Zaslav also spoke about the company’s strategy moving forward, which includes investing in content and expanding their reach globally.
One of the ways the company plans to expand is by launching a new streaming service in Latin America in June. Zaslav said that Latin America is a key market for the company, and they believe there is a lot of potential for growth in the region. He also mentioned that they are exploring opportunities in other international markets, including Europe and Asia.
Zaslav also spoke about the importance of investing in quality content, saying that the company plans to spend $18 billion on content this year. He highlighted some of the company’s recent successes, including the launch of the new Harry Potter spinoff series, and the upcoming release of a new Game of Thrones prequel series. Zaslav also emphasized the importance of investing in local content in order to appeal to audiences in different regions around the world.
Overall, Zaslav’s comments suggest that Warner Bros. Discovery is bullish on the future of streaming, and is committed to investing in quality content and expanding their reach globally. As competition in the streaming market continues to heat up, it will be interesting to see how the company fares against other major players like Netflix and Disney+.