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Monday, August 15, 2022

Warner Bros. Discovery Reportedly Saved $20 Million By Shelving Batgirl

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Warner Bros. bat girl The cancellation is likely to earn them some animosity from audiences and the creative community, but replacing Warner Bros. Discovery CEO David Zaslav cares — bottom line — it could save the company nearly $20 million, according to time limit, This is part of an overall effort by Zaslav to cut about $3 billion from Warner Bros.’ Instant Debt — A strategy that’s especially important to Warner Bros. Discovery, as the company is heavily leveraged. In order to acquire the much larger Warner Bros. from AT&T, Discovery had to take on debt that was much higher than the company at the time.

The total debt facing Warner Bros. Discovery is reportedly around $55 billion, according to financial Times, This means that a $20 million tax writedown for Batgirl sounds like peanuts, but it could be a case where Zaslav is cutting back as aggressively as he can, understanding that every little bit helps.

It’s also likely that whatever other bad news is coming for DC fans, HBO Max customers, and beyond – more to come soon. As of yesterday’s story, many of these deductions are designed to take advantage of tax loopholes that expire this month.

Warner Bros. reportedly invested $90 million in bat girl The film — starring Michael Keaton as Batman, Leslie Grace as Batgirl, Brendan Fraser as Firefly, and JK Simmons as Commissioner Gordon — was released before Discovery decided to pull the plug. Part of Zaslav’s advantage is that he can blame any losses on the previous regime, as Warner Bros.’s ownership of AT&T was focused almost exclusively on building the HBO Max app and brand. Zaslav reportedly doesn’t see the value in spending big money on HBO Max exclusives, and wants to spend about $30 million on original films.

With that philosophy in mind, before you pull the plug completely bat girl, Zaslav reportedly explored the idea of ​​opening it in theatres. Ultimately, that won’t happen, either—though it’s currently unclear whether this is simply a tax consideration or, as previously reported, the result of a film made for the small screen, which may well be ” scale” was not for theatres.

For their part, WBD has stated that bat girl The cancellation is part of a broader shift in the company’s DC philosophy — something fans are eager to see green lantern series, and movies such as blue beetle And ZatannaVery nervous today.

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

Reference from comicbook.com

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