Warner Bros. Discovery is currently developing a free streaming platform tagged WBTV. The platform will reportedly allow the company to compete with services, like Netflix and Disney Plus, with outsized market shares.
This update comes courtesy of Bloomberg, which published an in-depth review of the state of the streaming industry. In the same publication, the media company revealed that some of the biggest media companies are backtracking some of their moves from a few years ago.
The article used Disney as an example, which pulled its content licensing rights from streamers like Netflix a few years back, but is now open to selling these rights to third parties.
Warner Media towed a similar line with the former chief, Jason Kilar, restricting moves by the heads of the company's TV and animation divisions to license some of their content to streaming platforms like Netflix. However, it's become far more accommodating since the appointment of David Zaslav as the new chief. For instance, reports emerged last December that the company was negotiating with Amazon to develop DC animated projects for Prime Video.