Content revenue in its studio segment fell 6 per cent, as it continues to see challenges from the underperforming game Suicide Squad: Kill the Justice League, released earlier this year
Warner Bros Discovery said on Wednesday it wrote down the value of its TV assets due to uncertainty of fees from cable and satellite distributors and sports rights renewals, sending its shares down nearly 7 per cent in trading after the bell.
Content revenue in its studio segment fell 6 per cent, as it continues to see challenges from the underperforming game, released earlier this year, compared to last year’s top gamealso performed poorly at the box office following its May release.
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