Warner Bros. Discovery will divide into two separate publicly traded companies, aiming to sharpen focus and maximize the value of its expansive media assets, the company announced Monday.
Warner Bros Discovery has announced sweeping cuts to its gaming division following a disappointing 2024 performance, shuttering three studios and cancelling its planned Wonder Woman game, according to an internal memo from JB Perrette, the company's CEO and President of Global Streaming and Games.
Warner Bros and Jinjiang International plan to open a "Harry Potter Studio Tour" in Shanghai by 2027, offering a behind-the-scenes look at the films. The project, part of a theme park redevelopment, awaits regulatory approval.
The estate of Joseph Shuster, co-creator of Superman, has filed a lawsuit against Warner Bros. Discovery, alleging the company failed to pay royalties required under British law.
Disney, Fox, and Warner Bros Discovery have cancelled Venu Sports, their joint sports streaming venture, following legal challenges and accusations of anti-competitive behaviour.
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