The plan is to make a lot of money as cheaply as possible.
to reverse streaming courses and turn Warner Bros. Discovery into a much more traditional entertainment behemoth. Reports on the film have ranged from “it’s so bad it should never see the light of day” to “it wasn’t bad and had a really great message.” It might have been canceled because it looked a little too CW to appear after the Warner Bros. Discovery logo on the big screen. Or it might have been canceled to help eke out a few extra tax break dollars as Zaslav & Co.
Content impairments for the three and six months ended June 30, 2022 of $496 million and $501 million, respectively, and content development write-offs of $329 million for the three and six months ended June 30, 2022 were due to the abandonment of certain content categories in connection with the strategic realignment of content following the Merger and are reflected in restructuring and other charges in the Studios, Networks and DTC segments.
All of the above is accountant speak for “WBD has a lot of content it doesn’t think makes sense for the new business and will get rid of it to write it off on the company’s taxes.”wasn’t the only thing to apparently fall victim to the accounting department’s very sharp pen. In the past few weeks, the company has quietly removed dozens of shows and films from HBO Max — often without even warning their creators.
The reason for the culling seems to be that the content wasn’t hitting a big enough audience, and much of the content catered to an audience the new Warner Bros. Discovery just has no interest in: kids.
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