It’s no secret that Warner Bros. Discovery has been one of the most headache-inducing results of a massive merger in recent times (and the competition is fierce in that arena). From completely shelving essentially finished movies for tax write-offs to drunkenly re-branding HBO Max into just Max, it’s been rough in there, and now it turns out the once-blooming TV business under David Zaslav’s ruthless guidance is taking a massive hit as well.
I may not be great with numbers and market laws and whatnot (I wouldn’t be rambling about pop culture online if I was), but I can tell when something’s objectively cooked and executives are just BSing their way through generic and/or empty statements to try to maintain peace amongst hungry shareholders and investors, and the folks at Warner Bros. Discovery have been doing that bit for a while now. It’s something you simply pick up after a while.
Via IndieWire, it’s been revealed WB Discovery’s TV business, which used to be a rock-solid foundation for everything else, is actually worth “$9.1 billion less than it originally thought, leading to a net loss of $10 billion in the second quarter of 2024.” This blow comes after general disappointment with WB Games’ recent financial performance, aggressive job cuts, and Zaslav gifting himself pats on the back and more bonuses instead of being booed off the company and into a cave.
About Author
