Opinion: HBO is too good to be lumped in with the rest
The restructuring comes as WBD attempts to trim around $3 billion from its operating costs, savings that it supposedly plans to pour back into content creation when its grand ambition – a newHBO Max
and Discovery Plus properties into a single, all-encompassing streaming service that provides “something for everyone in the household”, according to WBD honcho JB Perrette. At present, WBD’s entertainment offering includes, among other networks, HBO, CNN, DC Comics, Discovery Channel, Food Network, HGTV, Magnolia Network, OWN, TBS and TNT – all of which will be folded into this as yet unnamed streamer, beginning in 2023.
Sounds good, right? Well, not really. In addition to those aforementioned employee cutbacks, the launch of said streaming service will come at the expense of HBO Max, which has flourished into a bastion of prestige programming in the two years since its launch.
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