Warners Bros. Discovery has reached offers with Roku and Tubi to license 2,000 hours of flicks and TV reveals, the businesses introduced on Tuesday. The deal will convey Warner Bros.-branded free, ad-supported channels to the 2 streaming providers. The channels will characteristic many fashionable titles, together with HBO’s “Westworld,” which was just lately removed from the HBO Max library.
The FAST channels may also embody “The Bachelor,” “Cake Boss,” “Say Sure to the Gown,” “F-Boy Island,” “Raised by Wolves,” “Legendary,” “The Nevers,” “Discovering Magic Mike,” “Head of the Class,” “The Time Traveler’s Spouse,” “My Cat from Hell,” “Breaking Amish,” “Caribbean Life,” “Paranormal Lockdown,” “Homicide Selected Me,” “Mysteries on the Museum,” “A Wedding ceremony Story, “How It’s Made” and “My 5 Wives.”
The offers mark a flip for Warner Bros. Discovery, which used to maintain its films and TV reveals for HBO Max. Now, the corporate is licensing its content material to 3rd events.
“As FAST continues to blow up in recognition amongst cord-cutters, we’re seeing content material gamers more and more shift their focus in direction of capturing this viewers, by bringing a few of their finest stuff to FAST,” mentioned Rob Holmes, the VP of Programming at Roku Channel, in a press release. “The speedy growth of premium content material on FAST is a win for each the viewer and content material proprietor, in addition to advertisers seeking to attain these audiences via well-known programming.
Roku says the channels will arrive in spring 2023 and that the deal will herald tons of of TV sequence and flicks from Warner Bros. Discovery’s portfolio, together with HBO, HBO Max, Discovery Channel, HGTV, Meals Community, TLC, Warner Bros. Footage, Warner Bros. Tv and extra. Tubi says it would add to the platform 14 WB-branded FAST channels totaling greater than 2,000 hours, beginning on February 1, organized by style.
“Warner Bros. Discovery has a listing that TV lovers can’t get sufficient of and Tubi is proudly making many of those latest hits from Warner Bros. Discovery obtainable to new audiences this month,” mentioned Adam Lewinson, the chief content material officer at Tubi, in a press release.
The information comes as Warner Bros. Discovery fell short of expectations in Q3 2022. HBO, HBO Max and Discovery+ ended the third quarter with a mixed web add of two.8 million world subscribers, bringing the whole to 94.9 million, up from 92.1 million in Q2. Wall Avenue had anticipated a web add of 3.27 million subscribers. Analysts have been bullish on income and anticipated $10.51 billion, Warner Bros. Discovery sorely missed expectations and reported a complete of $9.82 billion.
The corporate will launch its This autumn 2022 earnings report subsequent month.
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