David Zaslav shows no remorse for the movies and series cancelled during investor's call.
Ever since Warner Bros merged with Discovery earlier this year the studio saw sweeping changes in its structure and management. The scripted and unscripted content experienced a literal bloodbath after the cancelation of countless projects sparked fear among the talents. Further, countless jobs cuts were announced from subsidiaries including Warner Bros. Television, HBO and HBO Max and Turner networks.
COLLIDER VIDEO OF THE DAY Upon its merger, Warner Bros Discovery was looking to reduce its $50-billion debt load. Projects like Batgirl were axed for tax purposes which means the existing footage can never see the light of day. Defending his decision, the CEO said that this is “more than just a dollar tally of what we’ve saved on an expense line.” He revealed that WBD has increased its goal to $3.5 billion in savings, an increase of 17% from the originally aimed $3 billion.
While Zaslav mentions accountability and quality, the company has lost those virtues with its audience i.e., the fandom, which rallied against many decisions taken by the studio like the cancelation of Scoob! Holiday Haunt, Batgirl movie, and Final Space animated feature that has no physical copies available in the market, meaning the show will be lost after its taken down from Netflix.
While, the new management has all the rights to overhaul WBD to make it more profitable, the real cost of the decisions lies in the fact that fans as well as frequent collaborators and talents are losing trust in the company like Christopher Nolan who jumped the ship to Universal Studios to make his new movie Oppenheimer. After affecting so many lives and their beautiful creations, Zaslav could have showed some remorse in his recent comments.
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