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It´s a consequence of the downturn in advertising market.The company had reported a recovery in the ad market in these results, but the damage has already been done, with McCall previously describing the downturn as the worst since the financial crisis.

Subscribers in Iberia, Nordics, and Central and Eastern Europe are the first in Europe to access WBD’s extensive and expanded streaming content offering. The company is now streaming on leading devices and platforms including Amazon Fire TV in European launch markets.

Australian company explains its winning formula for helping film distributors and content licensors unlock new audiences and revenue via YouTube.

The deals are with Public Broadcaster SBS Australia, Walter Presents (division of Global Series Network) in the UK, and Antenaplay, the SVOD platform from Antena TV Group Romania. Other offers are also being considered - some in advanced stages of negotiation in the rest of Europe.

A study by Parks Associates on subscription and membership services also revealed that 20% of internet households subscribe to a gaming service, while 32% subscribe to a streaming audio service.