[bkman1990]

The Max streaming service presentation by WBD did not give a great response to shareholders in the stock market today.

https://variety.com/2023/biz/news/warner-bros-discovery-stock-fall-max-hbo-1235580966/#article-comments

WBD's share price fell about 6% at the close of trade on Wednesday. It's the highest loss today when you look at 3 of the other media companies below it who made much smaller losses on the list.

Paramount lost 3.3%

Disney lost 2.5%

And Netflix lost 2%

I have known for a while now that the stock markets are now reassessing their value of continuing on with the loss making streaming wars that is taking place with all of these media companies.

But when you look at WBD are offering for their pricing tiers for the new Max service; people who are specifically making comments online, while living in the U.S., are not really happy with that new pricing strategy at all.

They would say that paying $16 a month for HD only content from May 23rd on Max is a huge downgrade for them. HBO Max currently offers 4K streams for the same price per month. It feels like a massive upgrade right now compared to what subscribers will be getting on the new service.