Wiedenfels added that the content strategy has led to over a billion dollars in intercompany profit in the balance sheet.

Warner Bros Discovery posted a surprise second-quarter profit on Thursday, as the international rollout of HBO Max sent subscriber numbers climbing and blockbuster hits like “A Minecraft Movie” dominated the U.

Thanks to box office hits, studios' revenue hit $3.8 billion, up 55 percent from a year ago, in the second quarter.