Warner Bros. Discovery leader David Zaslav is not taking any prisoners, but he will take tax breaks.
“Moonshot” starring Cole Sprouse and Zach Braff, “Superintelligence” starring Melissa McCarthy (and written by her husband Ben Falcon), the new 2020 version of “The Witches,” “An American Pickle” starring Seth Rogen, “Locked Down” starring Chiwetel Ejiofor and Anne Hathaway , and the title of SundanceMagic City KingsThe ones that have been notably removed from HBO Max over the past few months. LeBron James and Maverick Carter’s House Party have also been permanently rebooted, which was scheduled to premiere July 28 on HBO Max but was never released.
A person familiar with the decision told IndieWire the six films in question, as first discussed in a reddit theme and report it diverse, is part of a long list of movies and series being pulled from HBO Max and Discovery+ as Warner Bros. executives prepare for the event. Discovery to convert two SVOD (Subscriber Video On Demand) services into one. The content targeted for removal tends to be shows and movies that do not run on the service but have a chance of being partially delisted.
Content costs can be amortized – or assigned a cost recognized by the entity over multiple years – over the expected life of the program or film. If the years remain on that schedule, the company can remove that asset from the distribution and use the remaining cost balance to offset taxable income elsewhere. (There’s also a cashless feature for cleaning the house, according to our source: The service may likely not confuse subscribers with content options.)
Accounting practice isn’t new, but it’s under the microscope right now—especially given the batgirl bomb. On Tuesday, Warner Bros. decided to. Discovery Unreleased completed movie release (save some reshoots), straight to live stream”bat girlHollywood is shocked. With options to release a DC Comics-starring Leslie Grace movie on Max as planned, or to invest tens of millions more and go theatrical, David Zaslav Choose either of them. So you’ll never see that movie, which featured the return of Michael Keaton as Batman, and Zaslav’s accountants probably haven’t seen their families for weeks, finding out.
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Deleting streaming movies from HBO Max is another example of the differentiation of strategies between new boss Zaslav and old boss Jason Keeler. Zaslav, who oversees Warner Bros. Fully Discovery, he has the unenviable (and self-imposed, somewhat) task of identifying $3 billion in cost-saving synergies between his former now-incorporated company Discovery, Inc. and WarnerMedia. The door was shown to Kilar on the spot, as were some of his projects (Remember CNN+?) and its flow-centric approach.
Keelar was so enamored with the streaming capabilities that he ordered all of Warner Bros.’s theatrical 2021 releases. To go daily and date with HBO Max. The decision, which of course considered Covid and box office recovery as a factor, was not a popular one among film and talent showrunners. At the end of Kilar’s career, HBO and HBO Max combined for nearly 77 million subscribers. Zaslav’s Discovery had 24+ million subscribers at that time.
The person we spoke to about this story said that the Warner Bros. The streaming exclusive is not disproportionately targeted for removal from HBO Max. And certainly not everything will be erased: take the “Father of the Bride” edition, for example. Andy Garcia-Gloria Estefan’s version has done well on HBO Max, so keep it up on HBO Max. Media analysts – and media only – will get an explanation of strategy during the Warner Bros. earnings call. Discovery Q2 Thursday afternoon, we were told.