It has been a painful year for Warner Bros

Warner Bros. Games Lost Enormous Amount Of Money This Year, CEO Blames Lack Of "Consistency" Discovery and its games division

It has been a painful year for Warner Bros

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"We took another $100 million plus impairment due to the underperforming releases, primarily MultiVersus this quarter, bringing total writedown year-to-date to over $300 million in our games business, a key factor in this year’s studio profit decline," chief financial officer Gunnar Wiedenfels said (via IGN).

These results come on the back of a successful 2023 for the Warner Bros. Discovery game division, as Hogwarts Legacy was the best-selling game in the US last year, and sold more than 30 million copies globally. Warner Bros. Games is now making a sequel that could connect to the upcoming Harry Potter TV series and a Hogwarts Legacy Definitive Edition featuring additional story content is reportedly also in development.

Zaslav also mentioned last year that the company would double down on live-service games, despite the single-player Hogwarts Legacy being a best-seller for the company. In comparison, the live-service Suicide Squad game was "disappointing" for Warner Bros. Games after it launched earlier this year and it had a $200 million impact on the company's bottom line.

Recently, Zaslav also spoke about licensing out its IP to third-party studios. "We have 11 studios here, and we have a lot of IP. And there's also a lot of interest among others in coming to take advantage of some of that IP for gaming, which we're looking at," Zaslav said in August.

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