(L-R) Steven Spielberg, Paul Thomas Anderson, President and Chief Executive Officer of Warner Bros. Earlier this week, Zaslav announced sizable layoffs from Turner Classic Movies, a TV channel dedicated specifically to classic films.

Discovery has been facing some serious heat for his strategy. has been making extreme cost cutting moves for a while now, the biggest one being the axing of the nearly-finished Batgirl film and removing content from Max, formerly known as HBO Max.ĭavid Zaslav, the current CEO of Warner Bros. in clearing some of the $49.5 billion debt they have found themselves in. If Sony, or another big label, does go through with the purchase, the money would aid Warner Bros. “The Flash” at Ovation Hollywood on Jin Hollywood, California. Discovery, attends the Los Angeles premiere of Warner Bros. David Zaslav, President and CEO of Warner Bros. It looks like Sony is currently the top bidder and a likely buyer for the music. The catalogue includes music from Purple Rain, Evita, Sweeney Todd, Rent, and several Batman films. Discovery is looking to sell approximately half of their film and TV music catalogue. It seems that even the big Hollywood studios can’t escape the desperate financial times. Price hikes on everyday items such as milk, a bag of frozen chips and a can of beans have risen exponentially in the aftermath of the pandemic and we’re all having to make some tough choices. The cost of living crisis is affecting all of us. Discovery is reportedly looking to sell roughly half of their film and TV music catalogue to the highest bidder.

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