Warner Bros. Discovery Says Content Write-Offs Could Be Up to $3.5 Billion

Warner Bros. Discovery updated its estimate on restructuring charges related to Discovery’s acquisition of WarnerMedia, and said content impairment and development write-off charges could be up to $3.5 billion — $1 billion more than it previously pegged. The media company made the disclosure in an SEC filing Wednesday. WBD said it “revised certain estimates related to its restructuring and transformation initiatives” that it previously disclosed in October.

Source: Warner Bros. Discovery Says Content Write-Offs Could Be Up to $3.5 Billion, $1 Billion Over Previous Estimate