Warner Bros. Discovery: Strategic Partnerships & Distribution Agreements 

Warner Bros. Discovery presented a mixed set of results for the third quarter of 2024, providing a nuanced picture of its ongoing transformation and strategic initiatives. The company, led by CEO David Zaslav, reported several significant developments across its diverse business segments, highlighting both progress and ongoing challenges. In the direct-to-consumer segment, Warner Bros. Discovery showcased impressive growth, driven primarily by its
streaming service, Max. The service added 7.2 million subscribers in the quarter, reaching over 110 million subscribers globally. This growth was supported by a robust lineup of content, including popular series like “House of the Dragon,” “The Last of Us,” and “The White Lotus,” along with international sports content that has fueled its popularity in various markets. As a result, the direct-to-consumer revenue increased by 9% year-overyear to $2.6 billion, with EBITDA jumping 175% to $290 million. This dual accomplishment of subscriber growth and profitability is a key positive for Warner Bros. Discovery, indicating successful execution of its streaming strategy and potentially positioning Max as a formidable player in the streaming market.