Warner Bros. Discovery to take $2.5bn write-down on cut content

In brief

Warner Bros. Discovery revealed in an SEC filing that the company estimates it will incur between $2bn-$2.5bn in pre-tax restructuring charges for cut content and development.

The recently merged media company has come under criticism for cancelling films that were near completion, like Batgirl, as well as a bevy of animated content, as it seeks to trim fat and repay $53bn of debt.

The company expects total pre-tax restructuring charges to reach $2.3bn-$4.3bn. Outside of content cuts, it expects to trim additional $800m-$1.1bn and $400m-$700m in respective costs relating to organization restructuring and facility consolidation. In September, a round of layoffs hit its ad sales division.