Wonder Woman game axed as Warner Bros cuts three studios
Published On Feb 26, 2025, 5:14 AM
Warner Bros Discovery has announced the closure of three of its gaming studios as part of a restructuring effort to improve profitability. This means the cancellation of the Wonder Woman game that had been under development for three years at Monolith Studios. The company will shift focus to its core gaming franchises, such as Harry Potter, Mortal Kombat, DC, and Game of Thrones, amidst a challenging gaming industry environment marked by declining sales and player shifts towards established franchises. Additionally, internal leadership changes are occurring within the gaming unit after disappointing game releases and critical reviews in the past year.
Stock Forecasts
WBD
Positive
With Warner Bros Discovery focusing on its more successful franchises and closing down underperforming studios, investors may see a potential increase in profitability in the long-term due to streamlined operations and focus on established brands. However, the immediate challenges in the gaming sector, including declining sales and shifts in gaming habits, may pose risks.
Related News
Streaming turned profits in 2024. Wall Street's biggest worry is whether momentum can last.
Jan 25, 2025, 10:05 AM
2024 was a big year for streaming. Can media companies keep the good times rolling in 2025?
It's about to be 'a perfect storm' for media dealmaking
Dec 28, 2024, 7:42 AM
The stars are aligned for more media and entertainment M&A in 2025.
California Economy Feels the Pain of Hollywood Studio Troubles
Dec 26, 2024, 12:17 PM
Film production has failed to bounce back after major strikes last year, and competition from other locales has gotten stiffer.