November 03, 2022

Article at GameSpot

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Warner Bros.' Streamers Hit 95 Million Subscribers, Moves Up Merger Date

Warner Bros. Discovery reached a new high in its subscriber count across HBO, HBO Max, and Discovery+, the company revealed during its latest earnings call, certainly thanks in part to the popularity of the new Game of Thrones series House of the Dragon (via Variety).

In the July 1 - September 30 quarter, the company's three streaming services climbed to nearly 95 million subscribers total, growing by nearly 3 million worldwide; just 500,000 of that number is domestic. This comes despite the studio pulling a notable amount of content from the service, including original animation and movies, as well as famously canceling the live-action Batgirl film, which had finished principal photography.

Warner Bros. Discovery reported a net loss of $2.3 billion in the third quarter, including "$1.92 billion of pre-tax amortization from acquisition-related intangible assets and $1.52 billion million tied to pre-tax restructuring and other charges," according to Variety.

"We are reimagining and transforming the organization for the future while driving synergy enterprise-wide, increasing our target to at least $3.5 billion, and making significant progress on our combined DTC product,” said Warner Bros. Discovery CEO David Zaslav in an official statement. “While we have lots more work to do, and there are some difficult decisions still to be made, we have total conviction in the opportunity ahead."

Additionally, Zaslav said on the earnings call that the company is moving up its planned unification of the HBO Max and Discovery+ streaming services. Originally scheduled to merge next summer, the two will now merge in Spring 2023.

If you're one of the 95 million subscribers, make sure to check out our lists of the best action, comedy, science fiction, and horror movies and series on the service.

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