Sesame Workshop's CEO wants “to make Sesame Street more than just the show...because in this fragmented world, if you’re going to reach kids and engage kids and families you need multiple things'
, outlining its plan to fully integrate the two companies, and find billions of dollars in cost savings along the way.
But of course it’s streaming that remains top of mind for Wall Street, and WBD opted to combine all of its direct-to-consumer subscribers into one number for the quarter, disclosing a total DTC subscriber base of 92.1 million, inclusive of HBO Max and Discovery+. WarnerMedia had previously reported 76.8 million subscribers to HBO or HBO Max last quarter, with Discovery reporting 24 million DTC subscribers, but those reports used an older definition of what a subscriber is. The new numbers do not include “10 million legacy Discovery non-core subscribers and unactivated AT&T mobility subscribers from the Q1 subscriber count,” per the company. WBD adds that when using its new definition of direct-to-consumer subscribers, the company added 1.
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