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Warner Bros Discovery expects billions charged in unwanted content

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Warner Brothers has put a price on its decision to scrap some of its major titles

Films and series like Batgirl, and the The Not-Too-Late Show with Elmo are among the program offerings, which have been deemed unworthy of the investment.

Warner Bros Discovery believes this adds to around $2.5 billion in costs associated with cutting content.

It follows a merger between the WarnerMedia unit and Discovery to form the Warner Brothers brand earlier this year.

The company’s Chief Executive has promised it would lead to $3 billion in savings.

It hopes to secure a pretax charge of $1.3 billion to $1.6 billion in the third quarter.

It follows the removal of 36 titles from the HBO Max streaming service, including shows like ‘Generation’.

There is also a round of layoffs hitting the company, which it believe will lead to up to $1 billion dollars in relief.

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Money

Six strategies to build a six-figure property portfolio

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Achieve your dream retirement with these key property investment approaches

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Invest0r Partner Group.

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Money

Experts reveal how to spot investment-grade properties

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Crucial tips for choosing the right property to secure long-term financial success

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Investor Partner Group.

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Money

Tricks of the trade: how to navigate market volatility with confidence

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Strategies to manage risk and seize opportunities in uncertain times

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

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