'Batgirl' Just the Beginning: Warner Bros. Discovery Writes $2 Billion in Content in Q3 

SSA

26-10-2022

By sandhya

Image credit:Google

The "Batgirl" cancellation is only the tip of the iceberg. 

Warner Bros. Discovery announced in an SEC filing Monday that it canceled between $2 billion and $2.5 billion worth of content in the July-September quarter.

This is a very bright bat signal for Wall Street 

This underscores the company's commitment to cost reduction. 

Warner Bros. Discovery's army of accountants has what it calls "content impairment and development write-offs." 

Greater "pre-tax restructuring charges" recognized in its fiscal third quarter totaled between $3.2 billion and $4.3 billion. 

The difference comes from severance packages that accompany mass layoffs and other restructuring costs, such as the consolidation of offices and other facilities. 

It is a way to balance the balance sheet 

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