This Streaming Stock Just Exited a Major Market. Here's What Investors Need to Know.
Warner Bros. Discovery (NASDAQ: WBD) has announced it is ending both the development and production of multiple HBO Max original shows made across multiple European countries, including Denmark, Sweden, Norway, and Turkey. The company has also said it will remove some existing content from those territories, allowing it to license the programming to other providers.
Warner Bros. Discovery CEO David Zaslav recently spoke with reporters about changes in the firm's content strategy, suggesting "it's not about how much, it's about how good." Zaslav noted the streaming space is experiencing "turmoil", but posited there could also be a "lot of opportunity." With this in mind, could the chief executive conclude that operating HBO Max in nascent markets just isn't worth it?
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Source Fool.com
