The bloodbath at Warner Bros. Discovery doesn't seem to be ending anytime soon. Warner Bros. Discovery is serious about getting rid of Warner Bros.’ massive debt. They are doing this by writing off more content and development than initially anticipated. By examining a securities filing Wednesday, the Hollywood Reporter reveals that WBD said that the company has decided to increase the write-offs and impairments related to content and development costs from $2-2.5 billion from October up to $2.8-3 billion. With that massive change, WBD's restructuring and impairment charges will now be between $4.1 billion and $5.3 billion. With a desire to reduce the company’s debt, bigger-budget films and TV shows are now on the chopping block. Read More...
Published By: NoFilmSchool - Friday, 16 December, 2022