Warner Bros. Discovery loses 1.8M subscribers amid Max rebrand

Warner Bros. Discovery reported a loss of 1.8 million streaming subscribers in Q2
The loss is likely due to customers with overlapping accounts getting rid of extra subscriptions
The company now has a total of 95.8 million users, compared to 97.6 million in Q1
Warner Bros. Discovery CEO reassured investors that the migration to Max has gone well
Total revenues for Q2 were $10.36 billion, with a net loss of $1.24 billion
70% of existing HBO Max subscribers transitioned to the rebranded Max service