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“No wonder Chris Nolan left them”: Warner Bros Discovery Faces Free Falling Market Cap of $5.5B After Canceling Batgirl and Other Projects, Accused of Targeting Minorities and Alienating Top Filmmakers

warner bros dicovery canceling shows and movies

Keeping in mind the recent developments, it can’t be denied that Warner Bros Discovery is amid a major crisis right now. From the cancellation of projects to reports of firing employees, the company is undoubtedly having a terrible time. Now it is reported that the studio even lost more than what it ended to save by imposing the new cost-cutting techniques. This is not at all good news for the studio as it fuels the already burning fire among the audience. All this started with the cancellation of HBO Max’s Batgirl and with the present scenario, the future is still blurry.

David Zaslav amid Warner Bros Discovery
David Zaslav, the CEO of Warner Bros Discovery

Also Read: Matt Reeves and Mattson Tomlin Starting On ‘The Batman 2‘ Script, As Reeves Signs Multi-Year, First Look Deal With Warner Bros. Discovery

How did the ship of Warner Bros Discovery start to sink?

Over the past few years only, Warner Bros found itself amid backlashes and controversies, especially regarding their DC section. Even though it was hoped that after the merger, it may improve but at present, it only seems worse. Seems like the plans aren’t working the way David Zaslav expects them to be.

HBO Max's Batgirl shelved
HBO Max’s Batgirl has been shelved indefinitely by Warner Bros Discovery

Also Read: “We did not even keep the scenes with Batman in it”: Batgirl Directors Utterly Devastated After Warner Bros Discovery Deleted the Incomplete Film Footage, Proves David Zaslav is a Ruthless Monster

All these unfortunate events started with the trashing of Batgirl. The reason for the cancellation of the Leslie Grace starrer was reported to be the movie performing poorly in the test screenings, a result of which they decided to trash the project. While some fans supported the notion, it was mostly subjected to negative responses as the fans didn’t find it justified for a nearly completed movie to be scrapped. This move also enraged various stars as well as the crew associated with the movie.

After Batgirl, several other movies also came under the claws of the studio. From the cancellation of Supergirl, Batman: Caped Crusader to the uplifting of various Sesame Street episodes from the HBO Max streaming platforms, WBD implemented various new methods to save an estimated $3 Billion. But according to some sources, that is not the case as now it has been reported to have even lost more than $5 Billion.

Batman: Caped Crusader
Batman: Caped Crusader is being shipped out of HBO Max

According to David Zaslav, the new CEO, he wanted to implement a long 10-year-plan for DC similar to its rival superhero studio Marvel. But now all this leads to nowhere but more and more criticism as the studio failed to complete what it promised and even worse. The new plans also included the studio to only release event films that would promise them more profits from the theaters.

Also Read: Warner Bros Discovery Cancels HBO Max’s Batman: Caped Crusader Animated Series; The Spiritual Successor to Cult Classic Batman: The Animated Series

Not at all a Crew-friendly studio

Christopher Nolan is against the idea of Dark Knight 4
Oppenheimer is the first film since Memento to be not made under Warner Bros.

Besides losing profit, Warner Bros Discovery is also reported to be embroiled in greater controversies as some reports suggest that they have also fired several employees and targeted various minorities.

Above all these, there is also a problem of unsatisfied directors within the studio. This problem is nothing new in the WBD cartel as we are watching this since the Zack Snyder times. The recent development in this area was when the legendary Interstellar, Inception and Prestige fame Christopher Nolan left the studio in wake of the differences he had to face while the release of Tenet. Following that Nolan decided to move to Universal for his upcoming release Oppenheimer.

Now with all these updates summed up, it can be well understood that the company is not in a good position, and needs to do something soon. If the studio goes on suffering losses and not cooperating with the associates then it might not take very long to be history.

Source: Twitter

Read More: “For What? For a Tax Break?”- MCU Star Zoe Saldana Slams Warner Bros Discovery for Its Greedy Move to Cancel Batgirl, Calls The Decision ‘Atrocious’

Written by Subham Mandal

Subham Mandal is currently working as a writer for FandomWire with an ardent interest in the world of pop culture. Subham has written more than 400 articles on different spheres of modern pop culture and is currently pursuing a Bachelor of Arts degree in English based in Kolkata. He’s also an experienced student journalist having demonstrated work experience with the Times of India. He aspires to be a column writer in the future.