Streaming services increasingly need increased resources to be sustained, and original productions cost millions of dollars that are not usually returned to companies, which is why they have recently been seeking to reduce costs as soon as possible. And now, there has been news that will surely not be liked with the MAX platform, since they would be increasing prices again due to a new structuring issue.
At this time, the cheapest plan in the United States without ads is currently $16 per month after a $1 increase in early 2023. It is said that Warner Bros. Discovery eis targeting $1 billion in earnings from MAX and discovery next year, so they will have to take resources from parts where it is valid, given that movie ticket prices cannot be increased somehow.
The increase in numbers may be part of WBD’s seemingly ended cost-cutting drive. As part of that, there may be more layoffs and even cancellation of products as happened with the Batwoman film. In the last year, the company has laid off more than 2,000 people and eliminated their positions.
Here is a description of the company:
Warner Bros. Discovery is an entertainment company that was formed through the merger between WarnerMedia and Discovery, Inc. Announced in May 2021, this merger aims to create one of the largest media and entertainment companies in the world.
WarnerMedia, a subsidiary of AT&T, is known for owning brands such as Warner Bros., HBO, CNN, TNT, TBS, Cartoon Network, and DC Comics, among others. Discovery, Inc., on the other hand, is a leading factual and entertainment content company, with brands such as Discovery Channel, HGTV, Food Network, TLC, and Animal Planet, among others.
At the moment it has not been said how much this increase will be, but we may know about this on Thursday May 9.
Via: Engadget
Author’s note: Normally these decisions do not affect us in this region, so the subscription of 99 pesos per month is still present. At least this is global and even Europeans are affected in the process.
#MAX #increasing #prices
