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Max — Warner Bros. Discovery streaming service

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Old 01-01-24, 02:32 PM
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Max — Warner Bros. Discovery streaming service

Old 08-03-22, 07:30 PM
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re: Max — Warner Bros. Discovery streaming service

The news being reported over the last 48 hours is…in plain English, a shit show.
HBOMAX, as far as I can tell, has built up a solid reputation over the pandemic and someone has been put in charge who is dead set on destroying the brand. For what gain? A tax write off seems incredibly short sighted. You have to play the long game…Disney+ set themselves up with a 3 year prepaid subscription. HBOMAX needs to build on their reputation, library and brands. This tear down and rumors of being integrated into Discover+ (instead of the other way around) is just nuts.
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Old 08-03-22, 08:06 PM
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Re: HBO Max — Warnermedia streaming service

This is a shit show and everyone is angry and confused. This could have been handled so much differently than the press leaks and now everyone screaming bloody murder. But then again, we don't run a movie studio or a streaming service and we don't know how much in the red they are in. I do think that tearing apart HBO Max from all the apparent reports is a mistake.

But, Discovery took over an operation that was poorly run by AT&T and was bleeding money after the 2021 theatrical and day and date fiasco. They lost hundreds and hundreds of millions of dollars from lost theatrical revenue and payouts to talent and creatives. That kind of loss even for a huge corporation is going to cost jobs whether it's today or a year from now. I feel bad for all the folks at HBO Max who are going to lose their jobs, but the folks at AT&T who are now gone are mostly to blame.
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Old 08-03-22, 08:17 PM
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Re: HBO Max — Warnermedia streaming service

Originally Posted by Decker
That graphic just shows which shows are HBO shows and which are considered HBO Max. Extrapolating anything else is premature at this point. I hope at least.
Yes I know it's probably premature, but just showing what is possibly in danger. Not everyone I assume knows which shows are made for the HBO network and which are made for the streaming service. And that graphic was only a small sample.
Old 08-03-22, 08:18 PM
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Re: HBO Max — Warnermedia streaming service


Old 08-03-22, 09:11 PM
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Re: HBO Max — Warnermedia streaming service

Originally Posted by DJariya
I feel bad for all the folks at HBO Max who are going to lose their jobs, but the folks at AT&T who are now gone are mostly to blame.
No. The ones to blame are the ones making the decisions. We'll see what turns out to be true. But if HBO Max is dumped in favor of using the Discovery band, you don't get to pin that on AT&T. HBO Max is a huge success. Discovery Plus is not. So blaming AT&T for this new team making poor choices is misguided at best. This is some crazy hubris.
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Old 08-03-22, 09:49 PM
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Re: HBO Max — Warnermedia streaming service

Good luck to Discovery having anyone of any importance work with them in the future if all this shit goes down as people are speculating.
Old 08-03-22, 11:43 PM
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re: Max — Warner Bros. Discovery streaming service

This is a rumor on the future of HBO Max and Discovery Plus. According to this if it's true, a new app will be launched next summer and the current incarnations will be shut down.

Old 08-04-22, 12:12 AM
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re: Max — Warner Bros. Discovery streaming service

Gunn said S2 of Peacemaker is safe....but safe where? Will another service like HBO get it now?
Old 08-04-22, 12:17 AM
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Re: HBO Max — Warnermedia streaming service

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Old 08-04-22, 01:04 AM
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re: Max — Warner Bros. Discovery streaming service

Warner Bros. Discovery

Aug 4th 4:30pm ET. 2nd quarter 2022 earnings report. WBD site above has a link to listen live, if you so desire.
Old 08-04-22, 01:08 AM
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re: Max — Warner Bros. Discovery streaming service

I’m busy working when that’s on tomorrow. I’ll check out YouTube with recaps of the bloodbath when I get home.

Better watch all your Max originals that you’ve been too lazy to watch. Because they could be gone any day now.
Old 08-04-22, 08:50 AM
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Re: HBO Max — Warnermedia streaming service

Originally Posted by PhantomStranger
I've heard nearly every DC project has been canceled or shelved in development outside of the Flash movie, Shazam 2, and Aquaman 2. No Green Lantern cop show, no Batgirl, I think even the successful shows still on the CW like Stargirl are up in the air.

Zaslav isn't a newbie. He ran Universal TV for nearly two decades. When your not playing with funny money and coasting off monster hits, sacrifices have to be made in business.
I get that but this is cutting to the bone. Maybe this is corporate overlords needing to get back to profitability, but this really seems like WB just throwing in the towel. I mean look at Disney (also bleeding money, I know), which has focused on all of these interweaved superhero tv and sci fi shows giving value to their streaming platform, and HBO is like welp, we're just doing reality tv now.

They have shows that made Doom Patrol, Peacemaker, heck even Kite Man relevant or at least talked about. Heck they just had a movie about animal sidekicks. But I don't think there's even a DC based cartoon on TV right now besides Teen Titans Go.

Like the oft rumored "licensing out their comic division" rumors wouldn't surprise me at this point, and that would be a really really stupid thing to do IMHO (I am biased though)
Old 08-04-22, 09:02 AM
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Re: HBO Max — Warnermedia streaming service

Originally Posted by fujishig
I get that but this is cutting to the bone. Maybe this is corporate overlords needing to get back to profitability, but this really seems like WB just throwing in the towel. I mean look at Disney (also bleeding money, I know), which has focused on all of these interweaved superhero tv and sci fi shows giving value to their streaming platform, and HBO is like welp, we're just doing reality tv now.

Like the oft rumored "licensing out their comic division" rumors wouldn't surprise me at this point, and that would be a really really stupid thing to do IMHO (I am biased though)

Disney was bleeding money because the theme parks were unusable during the pandemic, not because of the movie side. The problem is that every studio along with almost every Fortune 500 company lost money and still haven’t recovered due to the pandemic and the fact that things are not even close to normalcy. All these companies failed on their 2021/2022 projections and of course Wall Street can’t have that. All these companies had established plans like if the pandemic was over (it isn’t) and the consequences from it, like supply chain issues and inflation would be long gone. None of these things have happened and now we are in a recession so things are even worse. Add to all of this the fact that AT&T fucked WB in the merger and then gave away the carcass to Discovery on pennies from the real value and we have a complete shit show. This is the reason why the government needs to be more aggressive about preventing these mergers that don’t help anyone except the 1%.

Old 08-04-22, 09:07 AM
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Re: HBO Max — Warnermedia streaming service

Originally Posted by Deftones
Good luck to Discovery having anyone of any importance work with them in the future if all this shit goes down as people are speculating.
The one plus I see with Discovery is that their app is WAY better then HBO Max. In ether case, I'd drop HBO Max, but since it's free for me, I don't care what happens to it. Less stuff to watch now.

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Old 08-04-22, 09:16 AM
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re: Max — Warner Bros. Discovery streaming service

I thought Disney separated out their direct to consumer entertainment earnings and it was like 900 million in the hole? I mean it was expected, I'm just saying it's not like Disney is profitable at this yet either:

https://www.fool.com/investing/2022/...-costing-it-a/
Old 08-04-22, 09:30 AM
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re: Max — Warner Bros. Discovery streaming service

FYI: All 8 seasons of GoT is up in 4k/HDR (and DV)/Atmos.

As things stand right now it looks like HBO Max will be the all GoT/Batman/reality show streaming service.
Old 08-04-22, 10:45 AM
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Re: HBO Max — Warnermedia streaming service

Originally Posted by Eric F
FYI: All 8 seasons of GoT is up in 4k/HDR (and DV)/Atmos.

As things stand right now it looks like HBO Max will be the all GoT/Batman/reality show streaming service.
It'll just be reality shows plus HBO (not Max) shows, which GOT falls under. I wouldn't expect, for instance, the Ghibli stuff to stay around past their due date, and I would also expect most of the movies they own on the service that are not HBO exclusive to be farmed out to be content on other platforms. They seem to be okay gutting the platform in order to save or make money, and just making it an extension of their cable channel (again).

I am curious where AEW falls, if it's attractive to the new regime because it's basically closer to reality tv, or if they'll wash their hands of it. If all these changes go through they certainly can't claim that wrestling is "beneath" the combined service.
Old 08-04-22, 11:30 AM
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re: Max — Warner Bros. Discovery streaming service

I guess this is kinda good news? At least as far as maybe HBO Max not being eliminated as a service.

Old 08-04-22, 11:34 AM
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re: Max — Warner Bros. Discovery streaming service

I don't get why he draws that conclusion? It'll be on all three services to get eyeballs, but presumably an actual merge would take some time so in the meantime having it on all services makes sense either way?
Old 08-04-22, 01:23 PM
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re: Max — Warner Bros. Discovery streaming service

Holy shit, now HBO Max is pulling recent HBO shows off the service.
Old 08-04-22, 01:54 PM
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re: Max — Warner Bros. Discovery streaming service

If Run was the series with Domnhall Gleason, I liked the first couple episodes.

I’m trying to reserve judgment till everything comes out, but I really liked the service as a provider of both HBO series and WB classics, and I probably watch more new shows there than on any other service. I currently get it free from AT&T, but I did pay for it when it debuted as an HBO over-the-top service so I could watch GOT then kept it when it changed to MAX,
Old 08-04-22, 02:00 PM
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re: Max — Warner Bros. Discovery streaming service

Well there goes Green Lantern...

maybe.

Last edited by fujishig; 08-04-22 at 02:06 PM.
Old 08-04-22, 02:03 PM
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Re: HBO Max — Warnermedia streaming service

Originally Posted by fujishig

GiantfreakingRobot is the National Enquirer/OAN of the comic book world
Old 08-04-22, 02:06 PM
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Re: HBO Max — Warnermedia streaming service

Originally Posted by Red Hood
GiantfreakingRobot is the National Enquirer/OAN of the comic book world
Oh, apologies, no wonder I've never heard of them before. deleted.
Old 08-04-22, 02:07 PM
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re: Max — Warner Bros. Discovery streaming service

I found a comment on another site that may explain why Discovery is killing so much stuff:
https://arstechnica.com/gaming/2022/...&post=41123919
If this is true then it absolutely makes accounting sense to kill off every TV show they can. The accounting rules are mentioned in the article but generally work like this.

I buy Warner for $100. As part of the merger, we need to split up what the assets are worth, what the liabilities are worth and the remainder is goodwill. Let's say in the case of Warner, I'm buying their movie library worth $200, their buildings and stuff worth $100, their inflight projects worth $50. Assets, $350. They have liabilities of $300 (payroll, debt, etc). So the value is $50. That means I'm paying "goodwill", the premium on the price that I think Warner is worth, of $50.

Post-merger, those inflight projects are only worth $20. Now, you'd think recovering anything would be good. But for my company, that now means I have a $30 loss on that stuff, it looks bad to shareholders.

Alternatively, I can tell Warner to shelve that $50 worth of inflight projects and lets say they get a tax credit of $20. That means my purchase now looks like $320 of assets (less the $50 projects, up the $20 credit), $300 liabilities and $80 goodwill. For my first year as a merged company, I get to make use of the $20 tax credit and my profits don't have to include any losses on movies or tv shows, because they were already absorbed in the old company. The more goodwill the better because revaluing goodwill is such a rare event.

Despite common sense saying I should make as much money as possible off these projects, accounting reality is it's much better to bring over as much goodwill as possible and boost my profits in the first year. Because if I'm going to kill HBO Max anyway then what is the value of any TV shows and movies that were good for that platform?

Note: I probably got some of this wrong in this simplification. I am a chartered accountant but not a M&A specialist. But this is why the accounting move makes sense. Plus when you look at sunk costs, if you're releasing on a streaming platform it's hard to judge "revenue" related to a specific item anyway. And if you're going to kill that platform you might as well get the goodwill built up instead.
Goodwill is used to account for "overpaying" for a company by factoring in the "intangibles," so it's a somewhat arbitrary evaluation.
https://www.investopedia.com/article...difference.asp
Goodwill is a miscellaneous category for intangible assets that are harder to parse individually or measured directly. Customer loyalty, brand reputation, and other non-quantifiable assets count as goodwill.

Goodwill cannot exist independently of the business, nor can it be sold, purchased, or transferred separately. A company's record of innovation and research and development and the experience of its management team are often included, too. As a result, goodwill has an indefinite useful life, unlike most intangible assets.

Goodwill only shows up on a balance sheet when two companies complete a merger or acquisition. When a company buys another firm, anything it pays above and beyond the net value of the target's identifiable assets becomes goodwill on the balance sheet. Say a soft drink company was sold for $120 million; it had assets worth $100 million and liabilities of $20 million. The sum of $40 million that was paid over and above $80 million (the value of the assets minus the liabilities) is the worth of goodwill and is recorded in the books as such.
So it seems like it's better to pay a higher Goodwill amount by shelving movies and shows than to encounter a loss the second year and later when those projects underperform. This seems to be why they're mainly shelving projects that, at best, seem marginally successful, while mostly the already existing shows/movies were largely already forgotten about, and the one unreleased probably weren't likely to perform as well as the amount pumped into them required, at least over the short term of the next few years.

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