![]() ![]() The Zacks Consensus Estimate for WBD’s loss per share is pegged at 34 cents, indicating a year-over-year decline of 173.91%. Amazon’s Prime is also gearing up with promising projects like The Boys, DOM and Citadel, while Disney has exciting series in the pipeline, such as Star Wars: Visions, Loki Season 2 and Ironheart. These releases are expected to create strong competition for Netflix’s Extraction 2, You: Season 4 and Still Time. Max has an impressive line-up of upcoming projects, including highly anticipated series like the Harry Potter series, The Big Bang Theory and The Penguin. ![]() This implies that it is not necessary to compete with streaming giants and Max can create a niche audience for itself by making unique content on the platform. Most of the users in the United States have subscribed to two or three different streaming platforms. WBD is also focusing on bringing quality content to its Max platform to compete with streaming giants. Netflix is the leader in the market because it is a well-known brand across the globe for its quality content. Max faces stiff competition from streaming giants like Disney ( DIS Quick Quote DIS - Free Report), Netflix ( NFLX Quick Quote NFLX - Free Report) and ’s ( AMZN Quick Quote AMZN - Free Report) Prime. Viewers can look forward to a regular influx of fresh content, as the platform plans to release an average of more than 40 new titles and seasons each month, ensuring a steady stream of new programming to keep audience engaged. Discovery, made its debut on May 23 in the United States. Max, the upgraded streaming service offered by Warner Bros. Shares of WBD have gained 19.2% year to date compared with the Zacks Consumer Discretionary sector’s rise of 31.4% in the same period. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. This Zacks Rank #4 (Sell) company is looking to tackle stiff competition by offering quality content with Max. These are just a few examples of the exceptional documentary content available on Max, which has received critical acclaim and numerous awards. ![]() Other intriguing documentaries are The Jinx: The Life and Deaths of Robert Durst, I'll Be Gone in the Dark and The Case Against Adnan Syed. Max is the platform that houses renowned and highly praised HBO Documentaries, including the notable six-part series called Mind Over Murder and the captivating two-part series titled The Vow. Plethora of both scripted and unscripted crime series can be found on the platform, ensuring that fans have plenty of gripping content to enjoy. Max offers a wide range of options to fulfil varied interests like true crime, heist films and investigative series. It is also focusing on the extensive collection of scripted and unscripted crime content that can be streamed on Max. ![]() Last week, the company highlighted the best programming to watch over Memorial Day Weekend and showcased Max's offerings for kids and families. Discovery ( WBD Quick Quote WBD - Free Report) has provided seven days of specially curated thematic programming highlights to celebrate the launch of Max. "But that's okay - as long as they're able to make money."Īlexandra is a Senior Entertainment and Food Reporter at Yahoo Finance.Warner Bros. "I don't think they're going to be the number one streaming service," she predicted. Overall, Ranganathan emphasized that the company won't have the most successful streaming platform on the market - but, ultimately, that might not matter. "There will be volatility but, in the long run, their goals seem very reasonable," the analyst maintained, explaining that the media conglomerate's $1 billion EBITDA target feels conservative, in addition to its margin goal of 20% for streaming. It expects peak EBITDA loss in streaming by this year. Discovery estimated that EBITDA for global streaming will hit $1 billion by 2025 with the streaming business breaking even by 2024. Geetha Ranganathan, Bloomberg Intelligence senior media analyst ![]()
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