Bad Movie Reviews Are Sinking BatGirl Before It Even Opens

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While the film was in post-production, Warner Bros. Discovery management decided to unplug on DC Comics’ BatGirl movie, despite a reported budget of over $100 million and starring Leslie Grace, Brendan Fraser, Michael Keaton and JK Simmons. The reviews must have been so bad that management felt that even giving it a streaming release on HBO Max, which would cost next to nothing, wasn’t worth the risk because it might tarnish the brand.

Instead of taking back parts that received unfavorable reviews from test panels, Warner decided they would just eat the cost of production. At the same time, they also refused to release the animated film “Scoobi! Holiday Haunt”, the budget of which was estimated at 40 million dollars.

The move shows that Chairman and CEO David Zaslav isn’t afraid to pull the trigger quickly on something he doesn’t think will work with the public, something he already showed when he unplugged CNN+ less than a month after its massive media launch. infatuation.

Although new subscribers received a lifetime discount of 50% off the retail price of $5.99/month, only 150,000 people initially signed up for the service and Zaslov canceled the service’s budget which was to spend $1 billion in its first four years. before reaching the break-even point.

Warner Bros. Discovery is under financial pressure, with Zaslav promising $3 billion in savings from the merger and The New York Times
NYT
signaling that CNN was on track to see its profit fall below $1 billion, the first time this has happened since 2016.

More clues are likely to emerge about their cost-cutting strategy on the business second quarter call august 4. One area likely to be affected is cable networks. It wouldn’t be surprising to see the company shut down several cable networks with bleak prospects.

Cord cutting and shaving continues to happen at a rapid pace. This means that each year networks will lose paying subscribers, putting many of them at risk of negative cash flow unless they can quickly reduce costs in anticipation of losing subscribers.

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