Warner Bros. is looking to sell smaller assets and even potentially sell a stake in its video games business, according to a report from the Financial Times.
Selling a stake in its games business would be an instant influx of cash for the company, and also give the purchasing company a slice of the pie regarding companies like Avalanche Software, NetherRealm, Player First Games, Monolith Productions, Rocksteady Studios, and WB Games Montreal.
The report also said that the company is looking to sell Polish broadcaster TVN.
At the beginning of this year, Warner Bros. said that it would be focusing in on its biggest IP’s, which it identified as Harry Potter, Mortal Kombat, DC, and Game Of Thrones.
But that renewed focus didn’t come in time to significantly impact its current business. Chief executive officer David Zaslav admitted that the company’s earnings had taken a dive due to poor launch of Suicide Squad: Kill the Justice League.
Selling a stake in the games business could be a reaction to a less-than stellar start to 2024. Although if the company is looking for a way to save money, there’s always an executive’s salary that could be cut. Zaslav’s, for instance.
Source – [Financial Times via VGC]