In addition to proposing to combine HBO Max and Discovery+ into one streaming service last week, Warner Bros. Discovery said on its Q2 results call that it would also be cancelling a number of projects for tax write-offs, presumably to make up for its poor earnings-per-share. The amount was defined as a $825 million write-down in a regulatory filing.
A $90 million Batgirl movie that was already halfway through production and the animated movie Scoob!: Holiday Haunt, both of which were slated to premiere on HBO Max, were among the projects that were cancelled. A Wonder Twins movie, several TBS and TNT programmes, including Chad, Full Frontal with Samantha Bee, The Last O.G., and Snowpiercer, as well as CNN+, were also cancelled by Warner Bros. Discovery.
On Sunday’s episode of Last Week Tonight, which aired on the HBO network under the management of Warner Bros. Discovery, John Oliver made a few jabs at the much-discussed merger while talking about the embarrassing monkeypox vaccine rollout in the United States and how the nation allowed 20 million doses of the vaccine to expire.
“Like a $90 million HBO Max movie or an out-of-date Chobani, we let the vaccine sit unused on a shelf in our reserves,” claimed Oliver. By the way, hello, new company tycoon! It appears that you are working incredibly hard. I have a sneaking suspicion that you are destroying my network to collect insurance money, but I’m confident it won’t last long.
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