After Killing CNN+, Warner Bros. Discovery Launches New Add-On To Stay Competitive
Portfolio Pulse from Vandana Singh
Warner Bros. Discovery Inc (NASDAQ:WBD) has launched CNN Max, a live news service on its Max platform, featuring original programming and content from the CNN cable channel. The service is aimed at Max subscribers at no additional cost. The move comes as the company seeks to compete in a streaming market dominated by Netflix Inc (NASDAQ:NFLX) and Walt Disney's (NYSE:DIS) Disney+. WBD shares are down 0.31% at $12.66.
August 24, 2023 | 3:54 pm
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POSITIVE IMPACT
Warner Bros. Discovery has launched CNN Max to boost its competitiveness in the streaming market.
The launch of CNN Max is a strategic move by Warner Bros. Discovery to enhance its offerings and compete with other streaming giants. This could potentially attract more subscribers, boosting its revenues and positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Disney faces increased competition from Warner Bros. Discovery's new service, CNN Max.
The launch of CNN Max by Warner Bros. Discovery could pose a threat to Disney as it increases competition in the streaming market. This could potentially impact Disney's subscriber growth and revenues, negatively affecting its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Netflix faces increased competition from Warner Bros. Discovery's new service, CNN Max.
The launch of CNN Max by Warner Bros. Discovery could pose a threat to Netflix as it increases competition in the streaming market. This could potentially impact Netflix's subscriber growth and revenues, negatively affecting its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50