According to the source, the new service and Discovery+ would include Shark Week material as well as the Magnolia Network lifestyle series. On both platforms, additional content will be accessible.
According to the Journal’s sources, Discovery+ has modest operational expenses and is profitable. WBD, on the other hand, has slashed billions of dollars in expenditures since its formation last year as a consequence of a merger between WarnerMedia and Discovery. The business has apparently started pulling series off HBO Max and scrapping streaming-exclusive projects in order to use them as tax write-offs.
