Warner Bros. Discovery to Take Additional $800M In Content and Development Writeoffs
is taking a bigger writeoff on content and development than it initially anticipated.
In a securities filing Wednesday, WBD said that it now expects to take writeoffs and impairments related to content and development costs of $2.8 billion-$3.5 billion, up from $2 billion-$2.5 billion as initially projected in October. That reflects an additional charge of $800 million to $1 billion. WBD now says its total restructuring and impairment charges related to the WarnerMedia-Discovery merger will be between $4.1 billion-$5.3 billion, reflecting the higher content writeoffs.
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