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The streamer’s figure, collectively with HBO’s number of subscribers amounts to over 41 million total US subscribers. Warner Bros.’ overall revenue declined by 21%. The company hopes to reach 50 million to 55 million HBO Max customers in the U.S. by 2025.

The network hopes to launch between seven and nine new productions this year and garner more production and distribution partners like Netflix, Movistar, and Peacock, all of which are set to premier Telemundo titles this year.

The company hopes to continue offering high quality content across multiple platforms, which include linear, broadcasting satellite, and communications satellite, among others.

Through this restructuring decision, the company hopes to expand its capacity to produce original content. The conglomerate will now be organized into four divisions, including Global Studios, Entertainment and Content Strategy, Network News and Sports.

Amid the reorganization, Piotr Korycki, the CEO of Polish TV giant TVN, will exit the company. With the changes, the company hopes to improve strategic focus and enable further investment in its direct-to-consumer businesses.