Warner Bros. Discovery is “not for sale, absolutely, not for sale.”

Warner Bros. Discovery CEO David Zaslav has recently made it clear to the company’s employees that he is not considering selling Warner Bros. Discovery despite cost-cutting moves and layoffs.

Zaslav’s statement is in response to the rumors borne from a report from The Hollywood Reporter that suggested that Warner Bros. Discovery would be merged with Comcast.

warner bros. discovery ceo denies that the company is for sale
(Photo : Amanda Edwards/Getty Images for Discovery, Inc.)
President and CEO, Discovery, Inc. David Zaslav speaks onstage during the Discovery, Inc. TCA Winter Panel 2020 at The Langham Huntington, Pasadena on January 16, 2020 in Pasadena, California.

Warner Bros. Discovery Rumor Disproving Details

Zaslav mentioned in a company-wide town hall meeting over Zoom that Warner Bros. Discovery is not for sale after laying out its current predicament and the circumstances it is facing, per Deadline.

Interestingly, the company-wide Zoom meeting included 40,000 of its employees worldwide, according to a Variety report.

“We are not for sale,” Zaslav said to his employees during the meeting. “We have everything we need to be successful.”

According to people familiar with the meeting, Zaslav didn’t mention which company he was referring to when he was discussing the potential sale, but many assumed he was referring to Comcast.

The Verge cited a Hollywood report published in mid-September saying that “top industry executives” were “convinced” that Warner Bros. Discovery would be the target of an acquisition-merger deal from Comcast, the company behind NBCUniversal and the Peacock streaming service.

The rumors of an impending acquisition-merger deal with Comcast are not unfounded. The company has recently gone through a gauntlet of cost-cutting and layoffs to reduce costs.

It first removed some Max Original films from HBO Max, which resulted in the removal of six Warner. Bros. movies, including the sci-fi rom-com “Moonshot.”

The company then proceeded to cancel the almost complete movie “Batgirl” due to its leadership’s “strategic shift,” according to Esquire. This cancellation was eventually followed by the company laying off 14% of its employees in several units, resulting in the loss of 70 employees.

How War Bros. Discovery Will Bounce Back

Despite these setbacks, Zaslav is optimistic that Warner Bos. Discovery will become successful soon.

During the meeting, he discussed his plans to restore the company’s film output to between 15 to 20 releases annually across all genres.

Zaslav also highlighted the importance of linear marketing and “promotional muscle” across internal platforms, which led to the success of many films such as “Elvis,” “Don’t Worry, Darling,” and “House of the Dragon.”

Additionally, he said that Warner Bros. discovery’s linear cable networks were the key to gaining revenue and promotion for HBO/HBO Max and Warner Bros. Pictures.

Other top Warner Bros. executives who were also present for the meeting showcased their successes during the meeting.

For isntance, Warner Bros. TV topper Canning Dungey said that her studio would “sell quite a bit” to HBO Max and to other outlets and platforms.

Meanwhile, Warner Bros. flim chiefs Micahel De Luca and Pamela Abdy said they are building a full film slate to fulfill Zaslav’s plan of releasing 15 to 20 movies annually, along with making the Warner Bros. film studio “a place that creatives want to work with.”

Keyword: Warner Bros. Discovery CEO Denies That the Company is for Sale

TECH'S NEWS RELATED

Apple Watch Saves Lives: Kidnapped Woman was Saved from Being Buried Alive by Veteran Ex-Husband

US Army Veteran Kidnapped Ex-Wife, Stabbed Her, and Buried Her Alive in the Woods The Ex-Wife was Able to Ask Help from a Stranger The Woman Used Her Apple Watch to Call 911 She was Dragged and the Apple Watch Destroyed The Ex-Husband is Scheduled to be Arraigned on ...

View more: Apple Watch Saves Lives: Kidnapped Woman was Saved from Being Buried Alive by Veteran Ex-Husband

Elon took over Twitter. Then some users began testing chaos

Elon Musk. (File image) Confusion, concern, conspiracies, celebration. In the hours after Elon Musk took control of Twitter, reaction on the platform ranged from triumph to despair. While no immediate policy changes had been announced by Friday afternoon, that didn’t stop users from cheering — or criticizing — what ...

View more: Elon took over Twitter. Then some users began testing chaos

Elon Musk says Twitter will form 'content moderation council'

Elon Musk has completed his $44 billion deal to take over Twitter Twitter’s new owner billionaire Elon Musk has said the social media company will form a content moderation council and any major content decisions or account reinstatements will happen after such a body has convened. Musk’s comments came ...

View more: Elon Musk says Twitter will form 'content moderation council'

Meta's oversight board open to discussing content moderation with Twitter

ETtechMeta Platforms Inc’s independent oversight board said on Friday it would “welcome the opportunity” to discuss Twitter’s plans on content moderation in more detail with the company.“Independent oversight of content moderation has a vital role to play in building trust in platforms and ensuring users are treated fairly,” the oversight ...

View more: Meta's oversight board open to discussing content moderation with Twitter

Microsoft Shares Fix For Outlook Login Issues

Microsoft Says They Are Trying To Work Around The Issue With Outlook Logins What Could Have Been The Potential Causes Of the Crash Microsoft is working on a way to solve the ongoing sign-in issue that affects some outlook users and customers. The login problem preventing users from accessing ...

View more: Microsoft Shares Fix For Outlook Login Issues

The 6 Best Google Pixel Watch features that make you say wow

Best Pixel Watch Features Google Assistant Voice Commands Contactless Payment Google And Fitbit Integration Gizchina News of the week Wear OS 3.0 Google Maps Smart Home Controls Best Pixel Watch Features, Price & Where To Order If you’re planning to get your hands on Google’s first smartwatch, here are ...

View more: The 6 Best Google Pixel Watch features that make you say wow

China hopes rapid hydrogen energy push is as easy as riding a bike to aid economy, carbon-neutral goal

A push by a city in China’s manufacturing heartland of Guangdong province to become the hotbed for hydrogen development is moving ahead at a much more steady pace, with pedal power. Residents in Foshan, a city well-known for exporting home appliances, ceramics and furniture, got their hands on 70 ...

View more: China hopes rapid hydrogen energy push is as easy as riding a bike to aid economy, carbon-neutral goal

China launches satellite for in-orbit verification

China launches a new satellite into space from Jiuquan Satellite Launch Center in Northwest China, 9:01 a.m., October 29, 2022. /China Media Group China on Saturday launched a new satellite into space from Jiuquan Satellite Launch Center in Northwest China. The satellite, Shiyan-20C, was launched by a Long March-2D ...

View more: China launches satellite for in-orbit verification

Musk’s role as 'chief twit' knocks $10 billion from fortune

Bp Pulse and Hertz Team Up to Build Network of EV Fast Chargers in High-Demand Locations

Twitter Will Form A 'Content Moderation Council' Says Elon Musk

Tech war: China’s semiconductor ambitions face moment of reckoning as Washington launches all-out siege

Chinese researchers develop superstrong artificial silk

Walmart and Ikea continued to bleed in India as losses widen

Elon Musk Effect: Experts split on what Twitter takeover means for India

Pioneering rocker Jerry Lee Lewis dead at 87

Hungary inks blockchain pact

The case of Latin America's mysterious disappearing (and reappearing) white-lipped peccaries

A microbe's local environment can be the difference between life and death

New Transparent Solar Cells Could Help Scientists Create Energy-Generating Windows

OTHER TECH NEWS