The authoritative Financial Times (FT) reported that Warner Bros. is considering selling some of its divisions.
According to the FT, the company is doing this to stop its shares from falling and believes it will help avoid the studio’s bankruptcy, which could result in lawsuits from investors over debt obligations.
The studio had previously planned to split the HBO streaming service, Warner Bros. studio and CNN into separate companies, but according to the FT’s source, such a split looked plausible on paper but would have created very serious operational problems: negotiating sports rights deals, determining what would be broadcast on TV and what would be streamed. It would also complicate the use of Warner content across platforms.
That’s why Warner Bros. is now seriously considering offers to sell Polish TVN and a stake in its gaming division, which owns valuable intellectual property for a number of well-known IPs. Warner Bros. currently owns the rights to Harry Potter games, the DC universe (including the Batman Arkham series), Mad Max, Mortal Kombat, Middle-Earth, and a number of other well-known franchises.
