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Investing.com -- Warner Bros. Discovery (NASDAQ:WBD) Inc. has made the decision to close three of its video game studios and halt production on a much-anticipated Wonder Woman title, as reported by Bloomberg News. This move is aimed at enhancing the profitability of the division.
The three studios facing closure are Monolith Productions, Player First Games, and Warner Bros. Games San Diego, as revealed in a company memo that was viewed by Bloomberg News.
Warner Bros. Discovery is a prominent global media and entertainment company, known for creating and distributing a diverse and comprehensive portfolio of content and brands across television, film, and streaming platforms. The company’s content is accessible in over 220 countries and territories and is available in 50 languages.
The company’s portfolio includes well-known brands and products such as Discovery Channel, Max, CNN, DC, HBO, Warner Bros. Motion Picture Group, and more.
These closures and the halt in production of the Wonder Woman title signify a significant shift in the company’s strategy, with a clear focus on enhancing the profitability of the division.
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