The media landscape is continuing to look a lot different amid the recent merger of Warner Bros. Discovery, which put the powerhouse companies under one roof — and with a lot of finances to sort out. Reports have indicated that CEO David Zaslav aims to cut $3 billion from the company’s budget over the next few years, and we’ve already begun to see somewhat of an extent of what that will entail. A new SEC filing sheds light on the company’s further plans, particularly an effort to save more money through even more “strategic content programming assessments.” According to Warner Bros. Discovery’s statement, the company plans to get another $2-2.5 billion through content impairment and development write-offs from Q2 of 2022 through Q4 of 2024. While we’ll have to wait and see exactly what that entails, this seems to indicate that the company will be cutting or cancelling even more movies and shows going forward.
