Warner Bros. Games Lost Enormous Amount Of Money This Year, CEO Blames Lack Of "Consistency"
During today's Warner Bros. Discovery Q3 earnings call, CEO David Zaslav commented on the company's gaming and film divisions, and how they'll be expected to "deliver more consistency" with their releases. It has been a tough year for Warner Bros. Discovery, as several of its high-profile releases--including Suicide Squad: Kill the Justice League, MultiVersus, and Joker: Folie à Deux--have drastically underperformed.
Zaslav said that the company's games business is currently "underperforming its potential" and that inconsistency remains an issue in its various divisions (via The Verge). Zaslav added that Warner Bros. Games revenue declined 31% between July and September when compared to the previous year, as Mortal Kombat 1 launched during that window in 2023. MultiVersus in particular has led to a big shortfall for Warner Bros. Games.
"We took another $100 million plus impairment due to the underperforming releases, primarily MultiVersus this quarter, bringing total writedown year-to-date to over $300 million in our games business, a key factor in this year’s studio profit decline," chief financial officer Gunnar Wiedenfels said (via IGN).
Continue Reading at GameSpot-
Lessons from Man United-Chelsea, Barça win again, Arsenal's lack of depth, more
Sports - ESPN - Yesterday -
700,000 years of Egyptian history finds enormous new home
Top stories - NBC News - October 16 -
'Blade Runner 2049' producer sues Elon Musk, Warner Bros. Discovery over Tesla Cybercab launch
Entertainment - Los Angeles Times - October 21 -
Here’s when Adam Silver thought Warner Bros. Discovery might lose its NBA broadcast deal
Business - MarketWatch - 5 days ago -
Warner Bros. Discovery adds 7.2 million Max subscribers, the streamer's largest single-quarter jump
Business - CNBC - 31 minutes ago -
Warner Bros. Discovery posts upbeat Max subscriber growth, sending stock higher
Business - MarketWatch - 4 hours ago -
Chevron CEO says 'consistent and coherent energy policy' is what matters for the next administration
Business - CNBC - October 24 -
Research Shows the Best Employees Are Chronically Underpaid. So Why Does Bruce Springsteen Pays His Band So Much?
Business - Inc. - October 22
More from GameSpot
-
HP Victus Gaming Laptop Is Only $430 At Best Buy In Early Black Friday Doorbuster Sale
Tech - GameSpot - 57 minutes ago -
Weaponize Deception With This Week's Epic Games Store Freebie
Tech - GameSpot - 1 hour ago -
NBA 2K25's $8 Futuristic Minigame Is "Exciting," But Not Necessarily "A Trend," Says Take-Two Boss
Tech - GameSpot - 1 hour ago -
CoD: Warzone's Area 99 Season 1 Trailer Features Dirt Bike Action And New Cosmetics
Tech - GameSpot - 1 hour ago -
Lego Atari 2600 Is Over $100 Off In Target's Early Black Friday Sale
Tech - GameSpot - 2 hours ago
Latest in Tech
-
Big Tech Wants You Back in the Office
Tech - Wired - 16 minutes ago -
12 Best Stocking Stuffers (2024), Tested and Reviewed
Tech - Wired - 27 minutes ago -
Six Days in Fallujah gets ‘documentary video game’ update | Peter Tamte interview
Tech - VentureBeat - 37 minutes ago -
Uber and Lyft Drivers in Massachusetts Win Right to Unionize
Tech - The New York Times - 51 minutes ago -
What a Trump Victory Means for Tech
Tech - The New York Times - 52 minutes ago