The company also pledged to cut costs instead of outspending its competition.
Despite this loss heading into Q2,The Hollywood Reporterreports that Cowen analysts had previously upgraded Warner Bros.
However, as of this writing and immediately after the Q2 earnings call, Warner Bros.
Discovery fell 10% from 17.48 to 16.03.
Netflix, historically the premier streaming service, has taken a few hits this year.
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