“The grand experiment of creating something at any cost is over,” warned David Zaslav. But the President and CEO of Warner Bros.
Discovery believes that the “golden age of content” is “absolutely not over”. This comes as Zaslav revealed plans to raise its savings target to $3.5B, up $500M over its initial target.
The new owners of HBO et al. have been cutting content costs across the company, killing a number of high-profile series such as J.J.
Abrams’ HBO drama series Demimonde, which was reported to have a budget of mid-$200M, as well as slashing series such as The Big D, Chad and others on the Turner networks side.
Read more on deadline.com
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