Discovery CFO Talks Streaming Strategy After WarnerMedia Deal - NewsBreak

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By Faria in Business
Updated 3 years ago

The direct-to-consumer strategy of the merged Warner Bros. Discovery will remain focused on premium subscription services, CFO Gunnar Wiedenfels told an investor conference on Monday. Speaking during the virtual Bank of America Securities 2021 Media, Communications and Entertainment Conference, Wiedenfels said that the sometimes "less sexy" seeming, traditional linear TV business of both firms has a "very powerful" outlook. After all, it is "still throwing off an enormous amount of cash," making it a "free cash flow engine" that can "create shareholder value and drive the digital business for many, many years to come" despite the challenges of the streaming world...

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