Warner Bros. Faces $300M Loss, Refocuses on Core Game Franchises

The company plans to concentrate on Hogwarts Legacy, Mortal Kombat, Game of Thrones, and DC Comics following significant financial setbacks.

Warner Bros. Discovery reported over $300 million in write-downs for its games division due to underperforming releases.
MultiVersus and Suicide Squad: Kill the Justice League were major contributors to the financial losses, with MultiVersus alone causing a $100 million impairment.
CEO David Zaslav acknowledged the games division is not meeting its potential and needs more consistent performance.
The company will now focus development on four key franchises: Hogwarts Legacy, Mortal Kombat, Game of Thrones, and DC Comics, especially Batman.
Despite setbacks, Warner Bros. expects its gaming business to stabilize, with potential improvements anticipated in the fourth quarter.