14 Mar HBO Max, Discovery+ to Combine for “Blowout” Product, CFO Says [The Hollywood Reporter]
(Above) Gunnar Wiedenfels, CFO of Discovery.
By Etan Vlessing, Georg Szalai
March 14, 2022 | Discovery CFO Gunnar Wiedenfels says the megamerger of Discovery and WarnerMedia — with an eventual combination of the Discovery+ and HBO Max streaming services — is on track for a mid-2022 closing.
“We’re in the ninth inning right now, in closing that transaction,” Wiedenfels told the Deutsche Bank Annual Media, Internet & Telecom Conference during a session that was webcast. He argued that combining the subscriber acquisition power of HBO Max with the customer retention power of Discovery+ content will “make for a blowout DTC (direct-to-consumer) product and that should certainly drive very healthy revenue growth for years to come.”
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