Why did Warner Bros. scrap? bat girl And Scoob! holiday destination?
The city was shocked by the cancellation by Warner Bros. of two films intended for HBO Max streaming movies. There are multiple threads here, but the move equates to the vehement disapproval of the previous WarnerMedia CEO. Jason KillaroStrategy to make original $70 million live action and animated movies directly for streaming site HBO Max.
live action producer bat girl and animated Scoob! Found out today that those movies were being stopped in their tracks. the timing was particularly strange bat girl Co-directed by Adil Al Arabi and Bilal Falah. The two are in Morocco for El Arbi’s wedding – some wedding present – and they hope to return to the cutting room and continue work on the film which stars Leslie Grace, JK Simmons, Brendan Fraser and Michael Keaton.
initial crying that were the scraping bat girl Adopted poor optics because the title role is played by a Latina actress. But there were reasons for this move. In both cases, the filmmakers were told that it came down to the “purchase accounting” maneuver available to Warner Discovery as the company changed hands, and also changed strategy from the previous regime. That opportunity expires in mid-August, sources said, and it allows Warner Bros. .
There has been much speculation as to why bat girl Was cancelled, which had to do with bad film. Sources said the film took a test run, and the result was not that bad, noting that the cut had temporary visual effects that dampened the audience’s enthusiasm for the score. The studio is already in discussion with the directors on separate deals and Miss Balas Star Grace, because it wasn’t as much a reflection on his genius as the radical strategy shift. Scrapping a film that cost between $60 million and $70 million was a difficult decision for everyone and was highly unusual, made by hot directors. black and Disney+ series Ms. Marvel Under Kevin Feige as well as a pre-pandemic hit grossing over $426M bad boys for Life ,
Most of the decisions came down to the following: Warner Bros. Discovery Boss David Zaslav Kicking off Killer’s strategy for leaning heavily in building streaming subscriptions for HBO Max. This was punctuated by his Project Popcorn initiative which spanned the entire 2021 theatrical slate – including dune, godzilla vs kong, king richard, matrix 4 — in theaters and on HBO Max the day and date when theater attendance was sparse during the pandemic. Even after being shown the door, Killar continued to call the strategy a victory. Many did not agree, especially after Top Gun: Maverick Waited and earned north of $1.3 billion. It’s a decidedly different world from when Killer made this move. Wall Street is no longer affected by subscriber numbers as much as profits, as seen by the massive drop in Netflix’s stock price.
There have been companies’ visions, supported by the likes of Sony’s Tom Rothman and Universal’s Donna Langley, that films gain cultural relevance when they debut in theaters with an appreciable theatrical expense. When they appear on streaming sites after 45 days or so, they are considered valuable because they have cultural relevance. That will be the strategy Apple will employ next year with the Martin Scorsese-directed Leonardo DiCaprio-Robert De Niro drama flower moon killerwhich got out of 2022 and, as Deadline detectedLikely to debut at Cannes 2023 before full theatrical release via Paramount.
Back bat girl And Scoob! bat girl Has a gritty entry – not near the budget of DC Theatrical glow And Aquaman 2 —and the tent pole was not designed to compete with theatrical release, nor was for that matter Scoob! In addition, that film introduced characters that the studio wanted to save for those DC theatrical titles. Rather than spend large sums of money to increase the budget of each film to compete in the theatrical market, and then spend $80 million in global P&A, the studio felt that scrapping both films was a better option. was, when coupled with the purchase accounting maneuver.
Sources do not expect other films to end like this, as the accounting opportunity ends by the middle of this month. But as all of Warner Bros. is gearing up for Discovery Thursday’s quarterly earnings report and impending layoffs, no one with HBO Max or a project made exclusively for execs can feel confident at the moment.
Warner Bros. Discovery just released this statement: “Decision not to release” bat girl Reflects the strategic shift of our leadership as it relates to the DC universe and HBO Max. Leslie Grace is an incredibly talented actor and this decision is not a reflection of her performance. We are incredibly grateful to the filmmakers bat girl And Scoob! holiday hunt and their respective cast and we look forward to collaborating with everyone again in the near future.”