Warner Bros. Discovery 'Absolutely Not For Sale,' Says CEO David Zaslav

gamerant.com:

Sources close to the company have clarified that Warner Bros. Discovery is not on the market for a buyer, following a slew of rumors ranging from a buyout to massive layoffs circulating around the company and its new management under David Zaslav. These allegations come amidst a massive and highly publicized wave of changes, cuts, and restructurings that have taken place since the merger.

Warner Bros. Discovery, Inc. was formed in April of 2022 after Discovery bought out WarnerMedia at a price point of around $43 billion. The two media giants then merged their considerable media and entertainment assets, splitting operations into several divisions and beginning a much-maligned crusade to cut costs across the board, leading to several controversies that made many questions if the company actually wanted some of its own intellectual property like the DC.

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Insiders at the company revealed to Deadline that some of these issues were discussed at an internal Zoom meeting held recently and headed by Zaslav, current CEO and face of recent controversial cancellations like Batgirl. At the meeting, Zaslav discussed the state of the industry and the company’s place in its various entertainment product markets. “We have the strongest hand in the industry,” the CEO is reported as saying at the meeting. “We have everything we need to be successful to be the biggest entertainment media company in the world.” While the general messaging was largely vague, the CEO was adamant that there would not be a sale of the company under any circumstances.

While no further details were given, he was likely nipping rumors of a buyout by fellow media conglomerate Comcast, who is