Warner Bros. Considering To Sell Off Its Video Game Division, New Report Says

During the runoff from 2023, Warner Bros. Games was on a high with the release of Hogwarts Legacy. By the end of the year, the game performed well so much it even exceeded the momentum of that year’s annual Call of Duty release. However, the firm has been hit with immense setback thanks to its following AAA project that shipped at the dawn of this year.

In January 2024, Suicide Squad: Kill the Justice League arrived and the reception was underwhelming to say the least. Getting insight internally at Warner Bros., it was reported the firm was met with a $200 million loss from the lukewarm momentum from the release. And while it is committed to completing its roadmap, there does not appear to be more promise moving beyond that for the game.

In a new report recently, it is indicated that Warner Bros. Discovery is looking to cut the fat that is its video game division. Previously, we witnessed this with prior parent company AT&T, but it decided against the decision back in 2020.

According to The Financial Times, the Warner Bros. Discovery is eyeing to sever its gaming effort to recoup on a 70 percent decline that hit the stock price for nearly two years since the merger with Discovery. The publication also mentions that a potential buyer is already being considered for the decision if Warner Bros. Discovery was to offer the gaming talent.

Polish broadcasting firm TVN is said to be the candidate in either acquiring the division or investing in a stake for the effort. TVN is already a subsidiary to Warner Bros. Discovery. The deal includes talent including NetherRealm Studios, Monolith Productions, TT Games, and the most recent addition – Player First Games.

What is your impression from this report on Warner Bros.?

Source: The Financial Times