Warner Bros. Discovery Loses $2.3 Billion, Hints at Imminent Price Hike for HBO Max
Warner Bros Discovery CEO David Zaslav continued to defend the deep cuts to the company's animation and streaming lineups during today's earnings call, signaling that more could be on the way after absorbing a $2.8 billion net loss in the most recent quarter.
"Spending money with abandon all in the service of building sub numbers is in our view deeply flawed," Zaslav said during the call.
His comments follow a period in which Warner Bros Discovery has aggressively slashed its animated offerings, canceled movies like Batgirl, and removed shows and movies from services like HBO Max.
Zaslav defended these cuts, saying "we've learned what doesn't work" and that the service is "getting the content that isn't working off." He reiterated WB Discovery's stance against direct-to-streaming movies, saying they "do almost nothing" for viewership and retention, and that WB Discovery would be focusing on franchises going forward.
"The audience will tell you what they love. They'll spend time with it and they'll watch it and rewatch it," Zaslav said. He later added, "We're trying to be deliberate about the shows that are helping us."
Both Zaslav and WB Discovery streaming and games CEO JB Perette hinted that big changes are on the way as the company continues to weather the shock of its merger. That's likely to include the price of HBO Max, which has remained stable for three years now but will soon be heading "north" according to Perette. Zaslav also revealed that the company's newly-combined HBO Max and Discovery service will be launching in Spring 2023 rather than Summer as planned.
Zaslav repeatedly referred to what he described as a "challenging environment," saying that Warner Bros. has "conviction" and that "we're getting through this."
Zaslav himself has received enormous criticism for creatives and audience members alike for WB's restructuring, which has resulted in layoffs, high-profile departures, and conflicting visions for the future from its biggest franchises.
Kat Bailey is a Senior News Editor at IGN as well as co-host of Nintendo Voice Chat. Have a tip? Send her a DM at @the_katbot.
Harry Potter Fans Asked Not to Leave Socks at Dobby Memorial Site
Dobby's death scene is one of the more emotional moments in the Harry Potter movies — so much so that fans go out of their way to visit the location it was filmed in Pembrokeshire, Wales. So many Potterheads were stopping by to contribute socks and other mementos to Dobby's grave that the UK's National Trust reviewed if the memorial would be permitted to stay in place.
Now, in the National Trust's latest press release (via The New York Times), the organization decided that "the memorial to Dobby will remain at Freshwater West in the immediate term for people to enjoy."
Environmental officials are urging the public to only take photos during vists to the memorial, and stay away from bringing socks or other trinkets that could "enter the marine environment and food chain and put wildlife at risk."
In Harry Potter and the Chamber of Secrets, Harry tricks Dobby's master into giving the house elf a sock. House elves become free when their master presents them with clothes, leading to the iconic line: "Master has given Dobby a sock... Dobby is free!" So, a sock became the fitting item for well-intentioned fans to bring to Dobby's grave.
Along with the footwear, some fans were leaving messages painted on rocks that say, "Here lies Dobby, a free Elf", lining up with the grave Harry creates for the character in the movie.
But, according to the release, Freshwater West is a "Site of Special Scientific Interest" that is home to "large grey seals, harbour porpoise, and some of the largest populations of seabirds in the world." The Trust is asking visitors to leave no trace — in other words — leave no socks.
Elsewhere in the Potterverse, you can read about why Daniel Radcliffe felt he "needed to say something" in support of LGBT youth.
Logan Plant is a freelance writer for IGN covering video game and entertainment news. He has over six years of experience in the gaming industry with bylines at IGN, Nintendo Wire, Switch Player Magazine, and Lifewire. Find him on Twitter @LoganJPlant.
HBO Max Cancels its Degrassi Reboot
HBO Max has reportedly canceled its planned reboot of the teen drama Degrassi, according to a report from the Wall Street Journal.
The news comes as part of a larger report on the state of Warner Bros., which has been undergoing several cuts and cancellations following its merger with Discovery back in May. The Degrassi reboot was among several projects recently canceled, according to WSJ’s report, as part of cuts made to HBO Max projects aimed at children and teens, including a Charlotte’s Web remake.
The Degrassi reboot was in development by Lara Azzopardi and Julia Cohen, who had writing credits on the series, while co-creator Linda Schuyler and executive producer Stephen Stohn would not be returning, saying it was the time to “pass the baton” to new leadership.
The Degrassi series began in 1979 with The Kids of Degrassi Street, which would go on to produce several series in its teen drama framework, such as Degrassi: The Next Generation and Degrassi: Next Class, the latter of which was the last series to carry the name when it was canceled in 2017. Though the franchise originated in Canada, it would go on to find international success and syndication outside of its home country.
Degrassi is one of several casualties in the past few months during the Warner Bros. Discovery merger, as the entire process has resulted in cancellations of projects like the Batgirl film and much of the DC television universe, as well as lay-offs within subsidiaries like HBO.
Kenneth Shepard is a writer covering games, entertainment, and queerness all around the internet. Find him on Twitter at @shepardcdr, and listen to his biweekly video game retrospective podcast Normandy FM, which is currently covering Cyberpunk 2077.
Warner Bros. Discovery to ‘Focus on Franchises,’ Still Have the Rights to the Lord of the Rings Movies
Warner Bros. Discovery CEO Dave Zaslav took a defensive approach to questions about the various shows and movies leaving HBO Max, talking instead about how the company will be focusing on the big franchises going forward.
In a fiery response, Zaslav defended the company's decision to remove shows and movies from HBO Max, telling investors in the third-quarter earnings that shows like "Bonanza" aren't doing anything to gain new subscribers to HBO Max.
"The entire library or almost the entire library shouldn't be on HBO Max and paid for by HBO Max," Zaslav says citing vast libraries of unwatched shows that remain on the service while not generating interest for the service.
Instead, Zaslav says the company will focus on popular franchises like Harry Potter, House of the Dragon, and Lord of the Rings which Zaslav reminded investors WBD still has rights to make movies.
"We're going to have a real focus on franchises. We haven't had a Superman movie in 10 years. We haven't done a Harry Potter movie in 15 years... One of the biggest advantages that we have -- House of the Dragon is an example of that -- Game of Thrones. Taking advantage of Sex of the City. Lord of the Rings, we still have the rights to do Lord of the Rings movies."
Zaslav says the company will focus on franchises like Lord of the Rings, and even more Harry Potter if author J.K. Rowling is interested.
Another pivot will be away from putting movies direct to streaming services like Dune and Matrix Resurrection. According to Zaslav, movies released in theaters have done significantly better than movies released direct to streaming which have not translated to more subscribers.
The decision to release movies direct to HBO Max was a decision implemented when Warner Bros. was still owned by AT&T, and seemingly a very unpopular decision by both Hollywood directors and the new owners at Discovery.
Zaslav says that the goal of the company is to reduce spending while working on big franchises that are sure to be hits. To help with that, Zaslav hired James Gunn and Peter Safran as the new heads of DC, who he's praised for bringing a unified approach and blueprint to DC.
Matt T.M. Kim is IGN's News Editor. You can reach him @lawoftd.
Warner Bros. Discovery CEO Promises “Unified” Approach for DC Under James Gunn and Peter Safran
Warner Bros. Discovery CEO Dave Zaslav is promising a new era for DC under new studio co-CEOs James Gunn and Peter Safran.
The company sent shockwaves through the industry when it was announced that director James Gunn and producer Peter Safran will take over the newly formed DC Studios as co-CEOs. The move puts future DC movies, TV shows, and animation under Gunn and Safran and fills the gaping leadership hole at DC.
While Zaslav released a quote the day Gunn and Safran’s hiring was announced, he told investors today that he spent a lot of time talking with the pair over the last few months. “They have a powerful vision and blueprint that will drive a more unified creative approach,” Zaslav promised investors.
Gunn will oversee the creative side of DC Studios while Safran — a prolific producer behind films like Aquaman and The Conjuring franchise — will handle the business aspects. Gunn will continue to direct projects exclusively for DC with the deal expected to last at least four years.
Gunn and Safran will report directly to Zaslav, though not every ongoing DC project will fall under their purview. Todd Phillips’ Joker sequel will not be under Gunn and Safran, and Matt Reeves’ The Batman also exists in a gray area.
But for every other DC project going forward, Gunn and Safran will likely have oversight. Henry Cavill, who is already set to return to DC as Superman, says he’s excited to work with Gunn on the new DC chapter.
Matt T.M. Kim is IGN's News Editor. You can reach him @lawoftd.
AMD Officially Announces the Radeon RX 7000 Desktop GPUs
AMD has officially announced its next-generation Radeon RX GPUs today. After months of rumors and some teasing from AMD, the Radeon RX 7000 is officially here.
As part of its "together we advance_gaming," event, AMD unveiled the first two GPUs in the Radeon RX 7000 family: Radeon RX 7900 XTX and the Radeon RX 7900 XT. As AMD previously announced, the RX 7000 series uses the company's new RDNA 3 graphical architecture.
The Radeon RX 7900 XTX features 24GB of GDDR6 memory, a board power of 350 watts, 96 unified RDNA 3 computing units, a 2.3Ghz game clock, and is promised to be up to 1.7 times faster than AMD's previous flagship, the Radeon RX 6950 XT when gaming in 4K resolution. In comparison, the Radeon RX 7900 XT has 84 unified RDNA 3 computing units, a 2Ghz game clock, and 20GB of GDDR6 memory.
AMD also confirmed that both GPUs have two 8-pin connectors — meaning it will not use the 12VHPWR power connectors found in the RTX 4090 graphics card. Recently, the power connector used in Nvidia's new GPU has stirred up controversy as some owners of Nvidia's new flagship graphics card reported that the power connectors have either burned or melted.
In an interesting move, AMD announced that both the RX 7900 XTX and RX 7900 XT include DisplayPort 2.1. Meaning that these GPUs will support higher refresh rates in 4K and 8K resolutions. For context, Nvidia's new RTX 40-series GPUs use DisplayPort 1.4.
Succeeding RDNA 2, AMD's new graphical architecture, RDNA 3, promises 61 teraflops (38 more teraflops than found in RDNA 2), 24GB of GDDR6 memory, with the tech giant touting this as the "world's most advance gaming graphics."
Both the Radeon RX 7900 XTX and RX 7900 XT will launch on December 13. The Radeon RX 7900 XTX will retail or $999, while the RX 7900 XT will retail for $899.
Taylor is the Associate Tech Editor at IGN. You can follow her on Twitter @TayNixster.
A New Japanese Godzilla Movie is Coming in 2023
Toho, the company behind the creation of Godzilla, has announced a new film starring the King of Monsters set to release on November 3, 2023.
The announcement was a part of Godzilla Day 2022, and the official Godzilla Twitter account shared a logo for the new movie.
Takashi Yamazaki will direct the new Godzilla. The filmmaker has previously helmed Lupin III: The First, Parayste Part 1 and Part 2, and Dragon Quest: Your Story. This will be Yamazaki's first time directing a Godzilla film.
11.3.23 pic.twitter.com/H2uJo3gwHm
— GODZILLA.OFFICIAL (@Godzilla_Toho) November 3, 2022
The new film marks Toho's first Godzilla movie since 2016's Shin Godzilla. In our Shin Godzilla review, we said the movie, "provides a new origin for the legendary kaiju, establishing its own unique style while taking inspiration from the classics in all the right ways." The untitled 2023 Godzilla film marks the 33rd Toho Godzilla movie, and the 37th Godzilla movie overall.
On the American side of things, Warner Bros, and Legendary Pictures are working on a MonsterVerse sequel to 2021's Godzilla vs. Kong. The follow-up will see Godzilla and King Kong team up to fight "a colossal undiscovered threat hidden within our world".
If you want to catch up on the enormous series of Kaiju movies, check out our list of the Godzilla movies in order. Or, if you just want the best of the best, read our list of the top ten Godzilla movies.
Logan Plant is a freelance writer for IGN covering video game and entertainment news. He has over six years of experience in the gaming industry with bylines at IGN, Nintendo Wire, Switch Player Magazine, and Lifewire. Find him on Twitter @LoganJPlant.
Image: Toho Company
Marvel Snap to Add PvP Mode Later This Year
Marvel Snap is quickly becoming one of the biggest hits of 2022, earning over $2 million in its first week. The collectible card game is already a huge success, and the developers will soon add a highly-anticipated feature: Playing against friends.
A Marvel Snap spokesperson told The Washington Post that the game's friend-centric Battle Mode is coming before the end of 2022. According to a development road map, Battle Mode against friends will work slightly differently than Marvel Snap's primary ranked mode.
In ranked, Marvel Snap matches you against random players of similar skill, moving you up and down the ladder depending on if you win or lose. In Battle Mode versus friends, Marvel Snap implements a health system, where "each player starts with 10 health and the winning player deals damage to their opponent equal to the stakes of the game."
Using the Snap mechanic doubles the damage you'll do to your opponent, players will compete in a series of games with the same deck until one player runs out of health.
Marvel Snap is a collectible card game starring droves of Marvel heroes and villains. The free-to-play game comes from Second Dinner, an indie studio led by former Hearthstone director Ben Brode. The studio has been working on Marvel Snap for the last few years, and it's already off to a roaring start.
If you're hooked on Marvel Snap. check out 11 Marvel Snap tips to help you win and get cards fast.
Logan Plant is a freelance writer for IGN covering video game and entertainment news. He has over six years of experience in the gaming industry with bylines at IGN, Nintendo Wire, Switch Player Magazine, and Lifewire. Find him on Twitter @LoganJPlant.
Overdose, Hideo Kojima’s Next Game, May Have Leaked Again
Hideo Kojima's rumored horror game Overdose has surfaced again, with leaked images of a character played by Death Stranding actor Margaret Qualley apparently circulating online.
According to a report from leaker Tom Henderson on Insider Gaming, screenshots of Kojima's Overdose have allegedly started to make the rounds in multiple private Discord servers. Supposed screenshots are making the rounds online through social media currently.
Overdose was first rumored this June when Henderson posted details about the game. The leak apparently came from footage showing third-person gameplay of Qualley's character exploring dark corridors using a flashlight. Kojima Productions' reported request to have the article removed was denied.
Henderson said the screenshots that are currently circulating appear to be from the same video as his original report in June. According to the original report, Overdose is apparently separate from the likely Death Stranding sequel, that star Norman Reedus may have accidentally revealed himself.
Officially, Kojima is partnering with Xbox on a game the creator has "always wanted to make." During his appearance at this year's Xbox Bethesda Game Showcase, Kojima said the upcoming title will incorporate Microsoft's "cutting-edge technology" and "change in the industry's trends".
Kojima spoke equally highly of an upcoming project just last week. In an interview, he said one of his new games is "almost like a new medium" that could turn things around "not just in the game industry, but in the movie industry as well." We don't know which project he's referring to, but it's likely the Xbox partnership, given his previous grand statements about that project.
Elle Fanning and Deadpool 2's Shioli Kutsuna are set to appear in an upcoming Kojima project, as revealed through mysterious teasers over the last few weeks. Once again, it's unclear exactly which game these actors are attached to.
For more on Kojima, check out his recent response to the rumors of his involvement with Blue Box's Abandoned.
Logan Plant is a freelance writer for IGN covering video game and entertainment news. He has over six years of experience in the gaming industry with bylines at IGN, Nintendo Wire, Switch Player Magazine, and Lifewire. Find him on Twitter @LoganJPlant.
CD Projekt’s New Witcher Trilogy Has Its Director
Longtime CD Projekt animator Sebastian Kalemba has announced he will direct the studio's new Witcher saga.
On Twitter, the developer wrote, "Career news: I’m directing the new Witcher Saga. Since joining @CDPROJEKTRED I believe nothing is impossible and raising the bar, telling emotional stories & creating worlds is what we’re here for. I’m proud to be part of CDPR and work with such a talented and passionate team."
Career news: I’m directing the new Witcher Saga. Since joining @CDPROJEKTRED I believe nothing is impossible and raising the bar, telling emotional stories & creating worlds is what we’re here for. I’m proud to be part of CDPR and work with such a talented and passionate team.
— Sebastian Kalemba (@Skalemba) November 3, 2022
According to Kalemba's LinkedIn, the developer has been with CD Projekt Red since 2014. From 2014 to 2016, he served as Lead Animator, responsible for the animation teams of The Witcher 3: Wild Hunt and Cyberpunk 2077. From 2016 until now, Kalemba has been the Head of Animation and Animation Director for CD Projekt Red, overseeing "all creative and managerial aspects of animations in the company".
The first game in the new Witcher saga entered pre-production earlier this year. While details are sparse at the moment, many fans believe The Witcher 3's Ciri could be the protagonist of the new game.
There's one wrinkle in this story, in that CD Projekt already announced a different director for The Witcher 4. In March of this year, Gwent director Jason Slama shared that he was directing the next AAA Witcher game, promising no crunch during development.
Both Slama's Twitter bio and LinkedIn page still list him as The Witcher Director for CD Projekt, but Slama hasn't been active on either profile in some time. As of now, it's unclear if Slama is still directing The Witcher 4 while Kalemba oversees the entire saga, or if Kalemba is taking over as director of the next AAA Witcher.
CD Projekt has been very busy announcing a ton of new projects over the last several weeks. Beyond the new planned Witcher trilogy, the company has also announced a remake of The Witcher in Unreal Engine 5, a multiplayer Witcher game in development at The Molasses Flood, a Cyberpunk 2077 sequel, and the studio's first original IP. To keep track of it all, bookmark our list of every CD Projekt game in development.
Logan Plant is a freelance writer for IGN covering video game and entertainment news. He has over six years of experience in the gaming industry with bylines at IGN, Nintendo Wire, Switch Player Magazine, and Lifewire. Find him on Twitter @LoganJPlant.