Warner Bros Discovery reported second quarter results moments before Faultline went to press last week. As we reported at the time, blending discovery+ into HBO Max – while crucially dropping the household HBO brand to form the Max streaming business – has not proven a smooth integration process, judging by the latest performance. The merged media conglomerate reported a loss of 1.8 million direct-to-consumer video subscribers in Q2 2023, dropping to a global total of 95.8 million. The majority of cancellations – 1.3 million – came domestically, where WBD now has 54 million streaming subs. The global total is still up from 92.2 million subscribers this time last year, but the latest results are vindication of criticisms about the…