Warner Bros. Discovery’s (WBD) recent HBO Max retreat may signal good things to come for competitor Netflix (NFLX) — at least according to one media analyst.
“[WBD] needs to be very focused on driving free cash flow and deleveraging,” Lightshed Partners’ Rich Greenfield told Yahoo Finance Live in a new interview, referencing the company’s reported $3.42 billion loss in the second quarter.
“To them, that means embracing theaters and making sure they make as much money on every film,” the…
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