WarnerBros Discovery CEO David Zaslav said lost $3 billion last year after the company spent almost $7 billion on content. Speaking at RBC's global investment conference on Tuesday, Zaslav said the company would have to make serious changes to hit its projected $12 billion earnings for 2023, adding that 'it's going to be hard' to reach the goal. As HBO Max prepares to merge with Discovery+ next year, Zaslav said the company plans to sell off some of its shows to cut costs.
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