{"id":1724836,"date":"2022-11-04T06:30:10","date_gmt":"2022-11-04T10:30:10","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1724836"},"modified":"2022-11-04T11:04:37","modified_gmt":"2022-11-04T15:04:37","slug":"warner-bros-seeking-to-cut-up-to-2-5-billion-in-movies-and-shows-as-part-of-brutal-cost-saving-efforts","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/warner-bros-seeking-to-cut-up-to-2-5-billion-in-movies-and-shows-as-part-of-brutal-cost-saving-efforts\/","title":{"rendered":"Warner Bros. Seeking to Cut Up to $2.5 Billion in Movies and Shows as Part of Brutal Cost-Saving Efforts"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">38<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwarner-bros-seeking-to-cut-up-to-2-5-billion-in-movies-and-shows-as-part-of-brutal-cost-saving-efforts%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1724836&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><em>Batgirl<\/em> was only the beginning \u2014 in case you thought it wasn\u2019t. A quarterly Securities and Exchange Commission filing reveals the number Warner Bros. Discovery is shooting for with their merciless cost-saving measures.<\/p>\n<div id=\"attachment_187807\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-187807\" class=\"size-full wp-image-187807\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.11.02-10.10-boundingintocomics-6362eadf4f954.jpg\" alt=\"\" width=\"750\" height=\"320\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.11.02-10.10-boundingintocomics-6362eadf4f954.jpg 750w, https:\/\/boundingintocomics.com\/wp-content\/uploads\/2022\/11\/2022.11.02-10.10-boundingintocomics-6362eadf4f954-300x128.jpg 300w\" \/><\/p>\n<p id=\"caption-attachment-187807\" class=\"wp-caption-text\">Source: Superman IV \u2013 The Quest for Peace (1987), Cannon Films<\/p>\n<\/div>\n<p><strong>RELATED:<\/strong>\u00a0<strong><a href=\"https:\/\/boundingintocomics.com\/2022\/10\/24\/black-adam-star-dwayne-johnson-hints-former-warner-bros-executives-declined-to-henry-cavills-return-in-favor-of-j-j-abrams-bipoc-superman\/\" target=\"_blank\" rel=\"noopener\">\u2018Black Adam\u2019 Star Dwayne Johnson Hints Former Warner Bros. Executives Declined Henry Cavill\u2019s Return In Favor of J.J. Abrams\u2019 BIPOC Superman<\/a><\/strong><\/p>\n<p><a href=\"https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/0001437107\/000143710722000225\/disca-20221024.htm\"><span>According to the SEC<\/span><\/a><span>, <\/span><a href=\"https:\/\/www.slashfilm.com\/1070400\/warner-bros-discovery-to-axe-2-billion-worth-of-movies-and-shows-as-part-of-brutal-cost-saving-efforts\/?utm_campaign=clip\"><span>via Slash Film<\/span><\/a><span><em>,<\/em> <\/span>WBD wants to cut $2-$2.5 billion as the company is \u201clooking at impairment and development write-offs for more movies and TV shows\u201d to bolster financials and pare down the debt inherited from the $43 billion price tag of the merger.<\/p>\n<p>The amount of debt, by the way, is $57 billion and that is magnified by the extra billions \u2014 exemplified by the $3.4 billion lost in the first quarter after the merger was official \u2014 they\u2019ve hemorrhaged in the past few years.<\/p>\n<p>\u201cAs part of its plan to achieve significant cost synergies, in Q3 2022, the company finalized the framework supporting its ongoing restructuring and transformation initiatives which will include, among other things, strategic content programming assessments, organization restructuring, facility consolidation activities, and other contract termination costs,\u201d the document explains.<\/p>\n<div id=\"attachment_187806\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-187806\" class=\"size-full wp-image-187806\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.11.02-10.10-boundingintocomics-6362eaddf1871.jpg\" alt=\"\" width=\"750\" height=\"421\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2022.11.02-10.10-boundingintocomics-6362eaddf1871.jpg 750w, https:\/\/boundingintocomics.com\/wp-content\/uploads\/2022\/11\/2022.11.02-10.10-boundingintocomics-6362eaddf1871-300x168.jpg 300w\" \/><\/p>\n<p id=\"caption-attachment-187806\" class=\"wp-caption-text\">Source: The New Batman Adventures Season 1 Episode 7 \u201cJoker\u2019s Millions\u201d (1998), Warner Animation<\/p>\n<\/div>\n<p>\u201cStrategic content programming assessments\u201d is a fancy corporate way of saying \u201cshows that will be on the chopping block,\u201d but that\u2019s beside the point.<\/p>\n<p>Likewise, the strategic assessment category is \u201cjust part of the equation\u201d Slash Film breaks down. There also exist \u201corganizational restructuring costs\u201d \u2013 severance, retention, relocation, and other employee considerations \u2013 that account for $800 million to $1.1 billion, and \u201cfacility consolidation activities\u201d and \u201ccontract termination\u201d costs between $400 million to $700 million.<\/p>\n<p>Those costs collectively affect everyone who already suffered through and survived the churn, often called a bloodbath, during the AT&#038;T days. Those hit DC particularly hard and perniciously at the editorial level and left the joint with a smaller crew than before, helmed by Jim Lee as the sole Publisher.<\/p>\n<div id=\"attachment_127862\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-127862\" class=\"size-full wp-image-127862\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2021.08.09-03.15-boundingintocomics-61109deec9685.jpg\" alt=\"\" width=\"750\" height=\"400\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2021.08.09-03.15-boundingintocomics-61109deec9685.jpg 750w, https:\/\/boundingintocomics.com\/wp-content\/uploads\/2021\/08\/2021.08.09-03.15-boundingintocomics-61109deec9685-300x160.jpg 300w\" \/><\/p>\n<p id=\"caption-attachment-127862\" class=\"wp-caption-text\">Source: DC Daily, DC YouTube<\/p>\n<\/div>\n<p><strong>RELATED: <a class=\"LinkSuggestion__Link-sc-1gewdgc-4 iyHtHS\" href=\"https:\/\/boundingintocomics.com\/2022\/06\/22\/amber-heard-stans-seek-to-silence-thatumbrellaguy-over-his-coverage-of-actress-legal-troubles-launch-petition-calling-on-youtube-to-end-the-monetization-of-targeted-harassment\/\" target=\"_blank\" rel=\"noopener\">Amber Heard Stans Seek To Silence ThatUmbrellaGuy Over His Coverage Of Actress\u2019 Legal Troubles, Launch Petition Calling On YouTube To \u201cEnd The Monetization Of Targeted Harassment\u201d<\/a><\/strong><\/p>\n<p>More of what occurred in 2020 at WarnerMedia is likely to go down, but not everything or everyone will suffer the same fate as <em>Batgirl.<\/em> A whole network in The CW was on the line too. They managed to be sold and will live to see another day \u2014 for the moment.<\/p>\n<p>Back in the world of Batman properties, the J.J. Abrams and Bruce Timm-produced animated series <em>Batman: Caped Crusader<\/em> won\u2019t have a home at HBO Max but is being allowed to develop and air elsewhere.<\/p>\n<p>How bad the next bloodbath is and what content gets caught in its undertow can only be a guess at this stage, but we should see it play out over the next two years, the report hints.<\/p>\n<div id=\"attachment_135203\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-135203\" class=\"size-full wp-image-135203\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2021.10.21-07.59-boundingintocomics-61711dfbf11f7.jpg\" alt=\"\" width=\"750\" height=\"414\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/2021.10.21-07.59-boundingintocomics-61711dfbf11f7.jpg 750w, https:\/\/boundingintocomics.com\/wp-content\/uploads\/2021\/10\/2021.10.21-07.59-boundingintocomics-61711dfbf11f7-300x166.jpg 300w\" \/><\/p>\n<p id=\"caption-attachment-135203\" class=\"wp-caption-text\">Source: Batman \u2013 Caped Crusader proof of concept short<\/p>\n<\/div>\n<p>\u201cWhile the Company\u2019s 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,\u201d it explains.<\/p>\n<p><strong>NEXT: <a class=\"LinkSuggestion__Link-sc-1gewdgc-4 iyHtHS\" href=\"https:\/\/boundingintocomics.com\/2022\/09\/28\/warner-bros-corrects-latest-tv-spot-for-black-adam-and-eliminates-clip-of-steppenwolf-from-joss-whedons-cut-of-justice-league\/\" target=\"_blank\" rel=\"noopener\">Warner Bros. \u201cCorrects\u201d Latest TV Spot For \u2018Black Adam\u2019 And Eliminates Clip Of Steppenwolf From Joss Whedon\u2019s Cut Of \u2018Justice League\u2019<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Batgirl was only the beginning \u2014 in case you thought it wasn\u2019t. A quarterly Securities and Exchange Commission filing reveals the number Warner Bros. Discovery is shooting for with their<\/p>\n","protected":false},"author":1,"featured_media":1724840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1724836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1724836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1724836"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1724836\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1724840"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1724836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1724836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1724836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}