Warner Bros. Discovery is in hot water after allegedly fabricating subscriber numbers ahead of a shareholder meeting.
According to a report from The Wrap, a lawsuit on behalf of the Collinsville Police Pension Board, a shareholder of Warner Bros. Discovery, was filed alleging the streamer exaggerated HBO Max subscriber numbers by approximately 10 million. According to the lawsuit, WarnerMedia falsified the subscriber number "by including as subscribers AT&T customers who had received bundled access to HBO Max, but had not signed onto the service." It also states that "hundreds of thousands" of people could join the lawsuit due to the large number of WBD shares that exist.
Read more in CBR.
Comments are closed.
Contributor Paste Magazine, Film School Rejects, Consequence, Looper, & Screen Slate. First cow in the territory.