Warner Bros. Discovery continues to cut streaming content from HBO Max

Yahoo Finance Live details the shows and animated content Warner Bros. Discovery is expected to purge from HBO Max's library.

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SEANA SMITH: My play today is Warner Brothers Discovery, ticker WBD. You can see shares up just about a half of a percent today. More changes are coming to the company. Now the media giant confirming to Yahoo Finance a Wall Street Journal report that it's scrapping six animated projects, including the Batman caped crusader series. This is the latest move by the company to cut costs. Now the projects will not be available on HBO Max. Instead, they are going to be shopped elsewhere.

Dave, you and I have talked many times about all of the changes that have been playing out over the last several weeks, a couple of months or two, at Warner Brothers Discovery. We talked to Sarah Fisher of Axios last week. She told us more of these types are-- these types of cuts are coming, so certainly six more animated films, it looks like, are being shelved or will be shopped around at other places. So certainly, David Zaslav really changing the direction of the company.

DAVE BRIGGS: I'm still astonished "Batgirl" got shelved because I saw the new "Thor" movie, which was one of the worst movies I've ever seen in my life. Tells you how bad "Batgirl" must have been to get shelved.

SEANA SMITH: I guess. I guess.

DAVE BRIGGS: That's a little side dig right there. But David Zaslav is tasked with $3 billion in cuts. He's going to be a villain for the next couple of years. But they're in the first quarter of this. I saw an interesting number from the Gauge. They chart the amount of consumption, not just on streaming, but broadcast and cable. They found that they're at about-- Warner Brothers Discovery about 1%, compared to 8% for Netflix, 7% for YouTube. So they are in basically the first quarter of this comeback.

Now, that was for July. What do those numbers look like in August? Now the "Game of Thrones, House of Dragon" is out. 10 million people watching a debut is a monster number. So quality programming like that and the right cuts wouldn't rule them out for a comeback.