Warner Bros. Discovery Is Cutting Its Freshest Content; Here's Why That's a Smart Move
Warner Bros. Discovery (NASDAQ: WBD) has garnered a lot of attention after the company canceled the release of two HBO Max projects that were in the last stages of production. The first is Scoob! Holiday Haunt, a roughly $40 million animated film centered on Scooby-Doo and several other Hanna-Barbera characters. The second is Batgirl, a $90 million feature-length movie starring Leslie Grace as the DC Comics character and, according to reports, Michael Keaton returning to the role of Batman.
At the time of this writing, Warner Bros. Discovery has provided little insight into its decision to shelve Batgirl, saying only that it reflects "leadership's strategic shift as it relates to the DC Universe and HBO Max." It has said even less about the Scooby-Doo project. However, some are speculating the move was ultimately about reducing Warner Bros. Discovery's tax burdens. If that's correct, then from a financial standpoint, it might be the right call, even if it does damage the entertainment company's standing with some movie fans.
Image source: Getty Imsges.
Source Fool.com
