The wave of cancellations of Warner Bros movies and TV series that spanned 2022 is over. At least this was reported by one of the heads of the company. Movies like Batger and TV shows like Westworld have fallen victim to drastic decisions.
Second VarietyWarner Bros. CFO Gannar Wiedenfels said the company plans to grow the business over the next 12 months.
It took us a while to make sure we were on the right track. In the case of some titles, we’ve found a home for them elsewhere. So everything took about 6-7 months. But I think we have found very good solutions and, above all, this chapter is closed.
It was reported that after Discovery bought WarnerMedia, the company had to cut costs by $3 billion, but by the end of the year, the amount had risen to $3.5 billion, which led to more cancellations.
In addition to the cancellations, streaming service HBO Max has also begun filming the content. Some series have been moved to services with advertising revenue, others have gone to the shelf altogether.
Recently the actor James Marsden commented the cancellation of Westworld, noting that he understands the reasons: it’s a very expensive show that needs a large audience. But he would like success not to be measured only in finances.
