Warner Bros. Discovery says it’s done killing shows and movies just for tax write-offs
Just last month, Warner Bros. Discovery followed up on its decision to cancel Westworld by full-on yanking the show from HBO Max — a drastic, money-saving decision that was yet another part of CEO David Zaslav’s grand plan to get the company back in the black. Now, though, Warner Bros. Discovery CFO Gunnar Wiedenfels says the entertainment conglomerate is getting ready to shift gears and put more of its energies into creating new things rather than tearing apart what already exists.
Speaking at Citibank’s annual Communications, Media & Entertainment Conference today, Wiedenfels was adamant about 2023 being a year of “relaunching and building,” Variety reports. Wiedenfels said that Warner Bros. Discovery felt the need to take “a little...