Warner Bros. is reportedly looking to sell a stake in its gaming business
Warner Bros. Discovery is reportedly looking to sell a stake in its video game business.
As forwarded by VGCsource speaking to Financial Times The media conglomerate is considering selling off smaller assets in its business in a bid to reverse a decline in its stock price since the merger of Warner Media and Discovery in 2022.
This news comes just a month later. Warner announced that it has acquired Player First Gamesstudio behind Smash Bros– fighter inspired Multiverse. Some of the company’s other major studios include NetherRealm (Mortal Kombat), Portkey Games / Avalanche Software (Hogwarts Legacy), Rocksteady Studios (Arkham Trilogy), and TT Games (Lego Franchising).
Warner Bros. Games has had its ups and downs when it comes to the reception of its products: Hogwarts Legacy was a huge success and became the best-selling game of 2023, but Rocksteady was widely criticized. Suicide Squad: Kill the Justice League was poorly received critically and commercially successful, ultimately resulting in a $200 million loss for Warner.
That said, CEO David Zaslav stated that Warner is looking to transition its biggest franchises “from being primarily console and PC-based with a three- to four-year release schedule to include more always-on games through live services, cross-platform play, and free-to-play expansions with the goal of having more players spend more time on more platforms.” In other words, building on what made Suicide Squad such a flop. Oh…
