Warner Bros. Discovery released its financial report for the third quarter of 2024. The company is experiencing significant losses in its gaming division.

Warner Bros. Discovery Holding may sell part of WB Games, sources at Financial Times claim. The company aims to reduce its net debt in this way, which as of March 30, 2024, had exceeded $39 billion.

The media company Warner Bros. Discovery has acquired another gaming team. It announced the purchase of Player First Games, the studio that developed the fighting game MultiVersus.

The release of Suicide Squad: Kill the Justice League was a failure—Warner Bros. Discovery, the game’s publisher, stated in its latest financial report that the game resulted in losses of $200 million. Journalist Jason Schreier spoke with people close to Rocksteady Studios and found out what went wrong.

The head of Warner Bros. Discovery’s games and streaming division, Jean-Briac Perrette, announced that the company now plans to focus more on service-based solutions rather than AAA games.

Warner Bros. Discovery summed up the results of the first quarter of 2023. In the report, she said that the release of Hogwarts Legacy was the largest in the history of the gaming division.