In the wake of big content spender Netflix’s shocking Q1 subscriber loss, David Zaslav made a point to say Warner Bros. Discovery “will not overspend to drive subscriber growth” during Discovery’s first-quarter earnings call Tuesday. “As you’ve heard me say, we are not trying to win the direct-to-consumer spending war,” the WBD CEO said, instead promising that the newly combined WarnerMedia-Discovery company would “invest in scale smartly.”
Source: David Zaslav Vows Warner Bros. Discovery ‘Will Not Overspend to Drive Subscriber Growth’