Warner Bros. Discovery’s stock experienced one of its strongest days of trading in recent months on Thursday, after the media conglomerate announced a deal with Charter Communications that will bring the Max streaming service to standard cable packages.
Warner Bros. Discovery reported 103.3 million streaming subscribers in its second quarter earnings report, adding 3.6 million subscribers during the quarter. Warner Bros. CEO David Zaslav said at a Goldman Sachs conference Thursday the company expects Max to draw an increase of six million subscribers in its latest quarter, according to The Hollywood Reporter. Continue here.
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