Over the course of the night, new information emerged about the cancellation of Batgirl and Scoob! Holiday Haunt , let’s take stock of the situation.
Both films were not designed to compete against other theatrical releases.
Rather than spending huge sums of money to expand the reach of films to make them competitive in theaters, and then spending $ 30-50 million for the national launch and more tens of millions of dollars for the global launch, the studio felt the better choice was. erasing both films.
The budget could have nearly doubled, and insiders said a company looking to reduce debt by $ 3 billion across its divisions couldn’t take it into consideration.
Releasing the two movies on HBO Max seemed like the obvious solution, however…
According to Deadline sources, both directors were told that they have decided to use a purchase accounting maneuver available to Warner Bros. Discovery due to the change in ownership. This option expires in mid-August and allows the company to avoid having to record losses in its books.
According to various Variety sources, the two films will receive a tax write-down, considered internally the most financially sound choice for the recovery of costs on the books. The company could justify this choice by attributing it to a change in strategy following the merger.
The quarterly earnings report will be on Thursday, most likely the announcement should have taken place in that context. At this point, a new wave of layoffs is feared.
Wasn’t Batgirl a good movie?
This night Warner Bros. Discovery released a statement about the cancellation of Batgirl and Scoob! Holiday Haunt :
The decision not to release Batgirl reflects the strategic shift in our leadership in the DC and HBO Max universe. Leslie Grace is an incredibly talented actress and this decision does not reflect her performance. We are incredibly grateful to the Batgirl and Scoob directors! Holiday Haunt and their respective casts and we hope to be able to collaborate with all of them again in the near future.
According to Deadline sources, Batgirl received a test screening and the result was not bad considering there were temporary visual effects present.
Collider’s Steven Weintraub, on the other hand, is of a different opinion:
“I’ve talked to people who have seen #Batgirl and said it was a huge disappointment. Also, the costumes looked shoddy, especially that of Keaton’s Batman. I thought WB would download it to HBO Max, but it looks like we’ll never see it. ”
Spoke to people that saw #Batgirl and they said it was a huge disappointment. Also that the costumes looked cheap especially Keaton’s Batman costume. I figured WB would dump it on HBO Max but looks like we will never see it. https://t.co/YtY3bztmVw
— Steven Weintraub (@colliderfrosty) August 2, 2022
He added that the unfinished film shown at screening tests looked poor compared to other cinecomics.
It is rumored that anyone who has built a project specifically for HBO Max or its executives cannot feel safe at the moment.
Additionally, unconfirmed rumors are spreading that HBO Max will somehow be absorbed by Discovery + . No wonder James Gunn was asked if Peacemaker Season 2 is safe:
Is Peacemaker Season 2 safe?
— Tom ⚒️ (@TomMCJL) August 2, 2022