The media conglomerate expects to incur writedowns and merger-related costs of up to US$5.3bil (RM23.3bil), far above previous estimates as management continues to drop movie and TV projects. — Reuters
LOS ANGELES: Warner Bros Discovery Inc, the film and TV giant, expects to incur writedowns and merger-related costs of up to US$5.3bil (RM23.3bil), far above previous estimates as management continues to drop movie and TV projects.
The media conglomerate, created by the union of Discovery Inc and AT&T Inc’s WarnerMedia, had previously estimated such expenses at up to US$4.3bil (RM19bil).
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