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Saturday, August 13, 2022

Warner Bros. Discovery on DC Films Course Correction: “These Are Tough Decisions”

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Warner Bros. Discovery has addressed the “difficult decision” to scrap straight-to-HBO Max movies bat girl And wonder twinsUnder CEO David Zaslav, two DC Comics adaptations were cancelled. During WBD’s second-quarter earnings report on Thursday, Zaslav reaffirmed the merged company’s commitment to a “strategic shift” away from expensive, direct-to-streaming films, to theatrical exhibitions and special theatrical window. As part of this focus on theatrics, Warner Bros. Discovery’s ambition is to produce “great, high-quality” films for theaters, Zaslav said, pointing to big-budget DC films with blockbuster potential, including glow and the upcoming Dwayne Johnson-starring black adam,

Andrew Slabin, executive vice president of global investor strategy, said on the call that Warner Bros. Discovery “did not receive sufficient support” for “substantial investments in direct-to-HBO Max films”. “That means adjusting the way we invest going forward and evaluating both projects already completed or in progress.”

Slabbin Added: “Wonder Twins”, bat girl, And Scoob! holiday hunt There are examples of streaming movies not adapting to this new strategic approach. These are difficult decisions. We are committed to being disciplined about a framework that guides our continued investments for maximum returns.”

This week, the company confirmed that it has postponed the nearly finished live-action batman Spinoff, starring Leslie Grace as Barbara Gordon/Batgirl, and animated straight-to-streaming Scoob! sequel. It was reported that the newly formed company would take a tax write-down, which would prevent scrapped films from ever releasing on any platform.

“Warner Bros. Motion Picture Group has great IP and great history… between DC, [Warner] Animation Group, along with the entire Warner library, our ambition is to bring Warner back and produce great, high-quality films,” Zaslav said during the call. “And as we see the opportunities that we have Broadly speaking, DC current is at the top of the list for us.”

Zaslav said DC’s new owners have “done a reset” and “restructured business” as part of a 10-year plan similar to the Kevin Feige-led Marvel Studios at Disney.

“We think we can build a more robust, sustainable growth business long-term out of DC. And as part of that, we’re going to focus on quality,” Zaslav said. “We are not going to release any film before it is ready. We are not going to release a film to make a film [financial] quarter, we’re not going to release any movies [until it’s ready], The focus will be on how can we make each of these films as good as possible?”

Zaslav said: “DC is something that we think we can improve, and that’s what we’re focusing on now.”

Do not put your faith in this news source or website. You never know…

Reference from comicbook.com

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