Why did Warner Bros get rid of scrap bat girl And the Scoop! Holiday hunt?
Warner Bros.’ cancellation of two HBO Max streaming movies came as a shock to the city. There are many threads here, but the move amounts to a flattering rejection of former WarnerMedia CEO Jason Keeler’s strategy to make $70 million worth of live action and original animated movies straight for streaming site HBO Max.
Live Action Makers bat girl and movers Scoop! Today I learned that those movies stopped in their tracks. The timing was especially awkward for bat girl Co-directors Adel Al-Arabi and Bilal Falah. They are both in Morocco for the Arab wedding – some wedding gift – and were expecting to return to the cutting room and continue work on the film starring Leslie Grace, JK Simmons, Brendan Fraser, and Michael Keaton.
There were initial cries of cancellation bat girl She bore poor optics because the title role was played by a Latin actress. But there were reasons for this move. Either way, the filmmakers were told it was about the “purchase accounting” maneuver available to Warner Discovery because the company had changed, as had changed its strategy from the previous system. That opportunity expires in mid-August, sources said, and it allows Warner Bros Discovery to take losses on its books as the studio attempts to reduce $3 billion in debt across its divisions.
There has been a lot of speculation about the cause bat girl It was canceled, due to it being a bad movie. The sources said that the film was tested once, and the result was not that bad, considering that the cuts have temporary visual effects that tend to dampen the audience’s enthusiasm in the scores. Already, the studio is discussing various deals with directors and Miss Bala The star Grace, because this was not so much a reflection of their talent as a reflection of a radical strategic shift. It was a tough decision for everyone and it was very unusual to cancel a movie that cost between $60 million and $70 million, directed by the amazing directors who helped black and the Disney + . series Mrs. Marvell Under Kevin Feige in addition to generating profits of over $426 million in the pre-pandemic period Bad boys for life .
Much of the decision comes down to this: Warner Bros. Discovery president David Zaslav has rejected Kilar’s strategy to aggressively ramp up building HBO Max streaming subscriptions. This was permeated by the Project Popcorn initiative which put together the entire 2021 playlist – including Dune, Godzilla vs. Kong, King Richard, Matrix 4 Today and date in theaters and on HBO Max when theater attendance was minimal during the pandemic. Even after it was shown to the door, Kilar continued to call the strategy a win. Not many agreed, especially not yet Top Gun: Maverick I waited and made a profit north of $1.3 billion. It’s a completely different world than it was when Kilar took this step. Wall Street is no longer affected as much by subscriber numbers as by earnings, as evidenced by the sharp drop in the value of Netflix shares.
Companies come up with philosophies espoused by the likes of Sony’s Tom Rothman and Universal’s Donna Langley, with films gaining cultural significance when they debuted in theaters with tangible theatrical expenditure. When it appears on streaming sites after 45 days or more, it is appreciated because it is culturally relevant. This will be the strategy Apple will use next year with the Martin Scorsese-directed drama, Leonardo DiCaprio and Robert De Niro. Moonflower killerswhich withdrew from 2022 and, as the deadline revealed, will likely debut in 2023 before a full theatrical release by Paramount.
Refer to the bat girl And the Scoop! bat girl It’s a brave entry – not near the capital’s theater budgets Sparkle And the Aquaman 2 – And it wasn’t designed to compete with theatrical versions of the tent pole, and neither were Scoop! In addition, there were introductions to characters in this film that the studio wanted to save for those theatrical titles in the capital. Rather than spending huge amounts of money pumping each film’s budgets to compete in the theatrical market, then spending $80 million into global P&A, the studio felt that canceling both films was a better option, when combined with the purchase accounting maneuver.
Sources do not expect other films to be killed like this, because the accounting opportunity ends in the middle of this month. But with all the Warner Bros. Discovery companies gearing up for Thursday’s quarterly earnings report and the layoffs that are sure to come, no one with a project tailored for HBO Max or the executives out there can feel confident at this moment.
Warner Bros. Discovery has just released this statement: “Decision not to release bat girl Reflects the strategic shift of our leadership as it relates to DC Universe and HBO Max. Leslie Grace is an incredibly talented actress and this decision is not a reflection of her performance. We are so grateful to the filmmakers bat girl And the Scoop! Holiday Hunt and their cast and hope to collaborate with everyone again in the near future.”