Warner Bros Discovery are “considering offers” to sell a stake in their videogame business, according to Financial Times

The
Financial
Times
has
published
a
report
on
Warner
Bros
Discovery’s
ongoing
share
price
decline.
WBD
was
formed
in
2022
by
a
merger
of
Warner
Bros.
and
Discovery,
the
goal
being
to
help
the
two
companies
compete
against
the
likes
of
Netflix
and
Disney.

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Now
though,
Warner
Bros
Discovery
is
apparently
considering
selling
a
chunk
of
its
gaming
business.

According
to
the
Financial
Times,
the
company
has
been
seeking
ways
to
reverse
declining
stock
prices,
including
a
break-up
plan.
However,
that
split
would
apparently
present
too
many
challenges
and
result
in
potentially
years
of
legal
challenges.

Instead,
the
Financial
Times
says
WBD
are
“looking
to
offload
smaller
assets.”
Citing
“people
familiar
with
the
matter,”
the
Financial
Times
say
they
are
considering
“offers
to
sell
Polish
broadcaster
TVN
or
a
stake
in
Warner’s
video
games
business.”

The
report
rightfully
points
out
that
Warner
Bros.
gaming
division
holds
the
rights
to
Harry
Potter.
Keep
in
mind
that
a
stake
in
the
gaming
division
doesn’t
mean
all
of
it,
so
WB
could
retain
the
rights
to
many
of
its
biggest
IP,
including
Mortal
Kombat
and
Harry
Potter.
A
“stake”
could
also
mean
they
are
simply
looking
for
investors
willing
to
provide
capital
in
return
for
a
cut
of
the
profits.

It’s
fair
to
say
that
Warner
Bros.
has
seen
mixed
success
with
its
gaming
division.
On
the
one
hand,

Hogwarts
Legacy
was
the
best-selling
game
of
2023
and
is
still
selling
millions
of
copies
in
2024.
On
the
other
hand,
Suicide
Squad:
Kill
the
Justice
League
was
a
disaster
that
cost
the
company
$300
million.
Bafflingly,
Warner
Bros.
themselves
said
they
wanted
to
make

Hogwarts
Legacy
into
a
live-service
game,
right
around
the
time
Kill
the
Justice
League,
itself
a
live-service,
was
crashing
and
burning.