Thursday, January 26, 2023

Warner Bros. Discovery doesn’t cancel movies and series for tax reasons

Since the Warner Bros. Discovery merger went into effect, it has had several cancellations and a directive explains why.

warner bros discovery He has tried to save a lot of money to reduce the huge debt from his budget. Hence it has decided to cancel or remove shows and movies even if they were ready for the telecast. Which has led many to think that this was a strategy to reduce taxes. But in a recent speech, Kathleen FinchPresident and Chief Content Officer US Network Group He has denied all these things.

“Honestly, I wouldn’t really classify it for tax purposes. The challenges are when you bring two companies together, you evaluate what you have. Then you look at what you have versus your current fits with the strategy or not. It had a lot to do with what we wanted to do. Those were painful decisions. I know… I know what it’s like to be a content creator, and then remove your work. None of this was taken lightly. These were very painful decisions, and we are working closely with creators to find homes for much of the content whenever possible. Even if it’s Warner Brothers Discovery be out.”

“I have had a long frank conversation with the people, explaining what happened, why it happened, all the decisions that were taken. I completely understand why people would be nervous. I hope they are not because that was a moment in time that had nothing to do with our intention to run this company. This is happening elsewhere in the industry. It’s not how we do business, it’s not a strategy. I’m personally happy to talk to anyone who wants to have a conversation about it, because it was really painful and it’s not the way we move forward.” concluded a Warner Bros. Discovery executive.

Now a new era begins and it seems that all the decisions being taken in the company are taken by all the capable people together. So in the medium and long term it will be better for the viewers and fans of franchises like dc comics,

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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