Warner Bros. Discovery CEO David Zaslav isn’t done making big changes to the company.
Warner Bros. Discovery has been furiously cutting projects and teams to settle their billion dollars worth of debt accumulated over the years. From shelving Batgirl almost a year ago to the company’s most recent series of executive layoffs at TCM, WBD CEO David Zaslav has become Hollywood’s Big Bad with his weapon of choice being an ax.
Now, three sources confirmed to Variety that WBD is negotiating the sale of half of the storied Warner studio’s film and TV music-publishing assets for approximately $500 million.
One source told Variety that the rights to “slightly less than half” of the WBD catalog are likely to go to a major label like Sony. The catalog is rumored to include music from Purple Rain, Evita, Sweeney Todd, Rent, and several Batman films. With a $500 million price tag, we are sure that many iconic songs from WBD films are included in the deal.
Author: Alyssa Miller
This article comes from No Film School and can be read on the original site.
