Story perspectives
Warner Bros. Explores Sale Amid HBO Max Growth Challenges
11/8/2025
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Story summary
- David Zaslav, CEO of Warner Bros. Discovery, announced an active process for a sale and separation during an earnings call.
- HBO Max has 128 million subscribers and is aiming for 150 million by next year.
- Zaslav says HBO Max's growth isn't tied to sports despite losing NBA rights.
- Warner Bros. Discovery plans a standalone sports app and will preserve its library.
- Analysts question HBO Max's future amid streaming-industry consolidation.
