Warner Bros. Discovery has reportedly failed to receive the desired bids for its catalog and is considering pulling the plug on the sale. This twist in the rumored catalog-sale push just recently came to light in a piece from the Financial Times, which relayed in January that higher-ups were seeking a cool $1 billion+ for the music IP. According to the outlet’s newest article on the subject, however, the HBO and DC Entertainment owner “initially hoped to receive as much as” a staggering $2 billion for the catalog.
Source: Warner Bros. Discovery Catalog Sale Comes Up Short: Report