Warner Bros. Discovery plans more cost cuts, Max price hike, Bloomberg says

Warner Bros. Discovery CEO David Zaslavhas ordered staff to find additional opportunities for cost-cutting in order to hit financial targets for the next couple years, people with knowledge of the matter told Lucas Shaw of Bloomberg. This includes the possibility of more layoffs at the company, which has eliminated more than 2,000 positions over the past year, noted the report, which adds that the company has also decided to raise subscription prices as it seeks to reach $1B in earnings from the Max and Discovery+ streaming services next year.