Warner Bros. Discovery may cut $2 Billion after killing “Batgirl”

• A tax write-off of between $2 billion and $2.5 billion.
• Money was raised by shelving TV shows like Final Space and Infinity Train.
• Massive layoffs, including of high-level executives from the prior company.

Warner Bros. Discovery expresses to Wall Street their dedication to cost-cutting and highlights a tax write-off of between $2 billion and $2.5 billion for the quarter of July to September in a report submitted to the Securities and Exchange Commission on Monday.

The money was raised by shelving TV shows like Final Space and Infinity Train as well as movies like Batgirl.

The paper, which aims to show how Warner Bros. Discovery is committed to establishing financial stability, unfortunately adds insult to injury for the hundreds of employees who were let go during the company’s merger process and for all the creators whose work will never be released.

Following their merger in April of last year, Warner Media and Discovery pledged to reduce expenses and pay down at least $3 billion in debt.

Massive layoffs, including of high-level executives from the prior company, were carried out as part of the restructuring that brought both businesses under one roof in order to accomplish that goal.

However, as Warner Bros. Discovery shelved whatever they might turn into a tax write-off, movies and television shows have been the main casualties of the merger.

Despite having a $90 million original commitment, the first movie to be cut by Warner Bros.

Discovery’s rapacious axe was Batgirl, which will never be seen in theatres. The decision to halt a major superhero film in post-production was unprecedented in Hollywood and ultimately caused Walter Hamada, the former president of DC Films, to leave the organization.

Supergirl and the Wonder Twins were two other DC movies cancelled during the merger, and Young Justice was not extended for more seasons of its television series.

Bruce Timm’s Batman: Caped Crusader, among other eagerly anticipated animation projects, were also cancelled, however there is hope that this animated series will find a new home somewhere else.

Since Warner Bros. Discovery started sneakily removing movies and television shows off HBO Max, such Charm City Kings and An American Pickle, exchanging other people’s labour of love for some extra cash in the bank, DC is not the only property that has been impacted by the merger.

Holiday Haunt, the follow-up to Scoob! from 2020, was also affected by the cancellation. And even if making a profit is the law of business, it’s difficult to accept that so much content has been ignored and will be kept secretly locked away in a vault for all time.

In their desperate rush to appease investors, the corporation has not only eliminated content but entire departments as well, including Cartoon Network.

Warner Bros. Discovery assures in the new financial sheet that these cuts are far from over. According to the document:

“While the Company’s restructuring efforts are ongoing, including the strategic analysis of content programming which could result in additional impairments above the estimate provided above, the restructuring initiatives are expected to be substantially completed by the end of 2024.”

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