Warner Bros. Discovery Confirms Its For Sale, Bidders Circling
WBD says its board is reviewing strategic options to boost shareholder value. No word in today’s release on how a sale might impact employees or customers.
WBD says its board is reviewing strategic options to boost shareholder value. No word in today’s release on how a sale might impact employees or customers.
The historic structure was where classic animated shorts like ‘Robin Hood Daffy,’ ‘Three Little Bops,’ ‘Birds Anonymous,’ and ‘What’s Opera, Doc?’ were produced.
It marks yet another nail in the coffin for what was once a premier global animation brand.
The three companies being shuttered are Monolith Productions, Player First Games, and Warner Bros. Games San Diego
Even though WBD has made two recent Looney Tunes features that it has chosen to not release itself, it is already planning a revival of the brand.
In the parody video, faux Zaslav explains what the real Zaslav is doing.
The hybrid project had tested strongly with audiences.
In an SEC filing made on Tuesday, WBD adjusted its 2023 earnings forecast by between $300M-$500M.
An unsteady quarter saw the company post a net loss of $1.24 billion, or 51 cents per share.
A look at how animation has been affected by the upheaval since Discovery completed its acquisition of Warner Bros. back in April.
The co-heads will begin their four-year term on November 1 and steer Warner’s DC output across film, tv, and animation.
In a companywide townhall on Wednesday, the embattled CEO assured employees that, despite rumors, there are no plans for a WBD sale.
The company will shop the projects around to other networks and platforms.
Abbate’s departure comes as Warner Bros. Discover CEO David Zaslav reorganizes the company’s film divisions.
We try to make sense of the noise surrounding rumored cuts and cancellations at Warner Bros. Discovery after the company’s Q2 earnings call.
The decision to shelve the film was not known to any of the crew until yesterday.
The decision was made as Warner looks to break up its Pictures Group division, placing Feature Animation under new, dedicated leadership.
Discovery and Warnermedia have now merged into Warner Bros. Discovery.