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Issue link: https://digital.macdirectory.com/i/1476669
anytime, any screen viewers. And WBD has to do all of this while servicing its $55B acquisition debt on top of CEO David Zaslav’s very nice $246M annual salary. They and the other streamers – including Amazon Prime, Netflix, Apple, Telemundo, Hulu, Acorn, Salto, Britbox, DAZN – have taken big hits on their stock value and have said they’re going to cut back on their new project budgets. Sure, but they need a constant supply of fresh content to attract and keep new subscribers nationally and internationally. When Netflix “shocked” the financial market earlier this year saying they had dropped 200,000 of their more than 221.8M worldwide subscribers (including 700K Russian subscriptions), they announced they were going to “moderate” their content creation budget and examine subscriber options (AVOD). One by one, all of the Hollywood/tech streamers agreed that they were also going to pare back on their portion of the industry’s $240B movie/TV show creation budget. Almost in unison, WDB’s Zaslav, Paramount’s Bob Bakish, Disney’s Chapek, Netflix’s Ted Sarandos and others said they were going to be more focused on how much they were spending on new content to attract new subscribers. The pronouncements sent a lot of production studio owners; A/B Listers; content creation, production and post folks to double-check their overhead and personal budgets. Netflix’s Sarandos said they would continue investing even as the firm’s CFO said they were pulling back-