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Smash film Barbie s $1.5 billion box office drives theatrical revenue but strike hurts TV. Streaming posts $111 million profit, despite slight drop in subscribers.
Following the migration of HBO Max to Max, Warner Bros. Discovery says that about 1.8 million subscribers have left the platform in just three months of launch.
In earnings call, predicts a "return to work in early September," but CEO David Zaslav dodges questions actual strike talks. Streaming subscriptions fall in wake of Max.