will take a hit of between $1.3 billion and $1.6 billon in pre-tax restructuring charges for the third quarter ended in September as part of the ongoing merge of its operations, primary from content write-downs.
It said in an SEC filing it plans to complete its restructuring initiatives by the end of 2024 with total charges coming in between $3.2 and $4.3 billion. That includes “strategic content programming assessments” leading to content and development write-offs of approximately $2 to $2.5 billion. The charges, which also include organization restructuring, facility consolidation activities and other contract termination costs, is part of the merged company’s plan to achieve significant $3 billion cost synergies it promised Wall Street.'Unbelievable Me': Warner Bros. Discovery Behind Human Adversity TV Series - Mipcom CannesLayoffs have been rolling out across divisions. Warner Bros Television is cutting more than a quarter of its workforce amid changes in unscripted and animation.
David Zaslav is steering the ship right now. Cutting over inflated streaming projects and focusing on big theatrical releases and appreciating the trickle down to ancillary mediums. Give him time. BlackAdamMovie was excellent and a step in the right direction
GStreamings TriploF
haciendomovidas
Hey look, other projects like Batgirl will be thrown away. WB will become public enemy number one for every creator. i don’t get what Zaslav is trying to do. I am slowly but steady thinking that he made his personal vendetta to bring WB down. it is mind-boggling.
was it worth it?