Warner Bros Discovery Inc (NASDAQ:WBD, XETRA:J5A) reported a 6% drop in quarterly revenue, weighed down by declines in its traditional television and film businesses, even as its HBO Max streaming service continued to gain subscribers.

Warner Bros. Discovery narrowed its fourth-quarter net loss by nearly half to $252 million, but revenue fell 6% to $9.5 billion as the media giant's cable TV business continued to undercut its growing streaming and studio assets.

The most immediate question for consumers is what becomes of the companies’ streaming platforms. Paramount+ is still not profitable on its own, while Warner Bros. Discovery’s streaming segment — anchored largely by HBO Max — has only recently moved toward consistent earnings.

Warner Bros. Discovery has reached a new multi-year agreement with Canal+ that will bring HBO Max to two new territories: Belgium and Austria. The streaming service will also continue to be available on Canal+ in Poland, the Czech Republic, Slovakia ...

The Paramount and Warner Bros. Discovery deal is official but their are potential speed bumps ahead from state and European regulators