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John Oliver tears into Warner Bros Discovery on his HBO show Last Week Tonight - Daily Mail

John Oliver tears into Warner Bros Discovery on his HBO show Last Week Tonight - Daily Mail

John Oliver tears into Warner Bros Discovery on his HBO show Last Week Tonight - Daily Mail
Aug 08, 2022 3 mins, 58 secs

John Oliver has torn into Warner Bros Discovery on his HBO show Last Week Tonight for 'burning down the network' after numerous projects were culled off.

The comedian sarcastically said the new 'daddy business' seemed like it was doing a 'really great job' after the media conglomerate axed $825million worth of content.

It comes after Warner Bros Discovery revealed in an SEC filing on Friday it had wiped off $825million worth of content since its mega merger in May last year.

The comedian sarcastically said the new 'daddy business' seemed like it was doing a 'really great job' after the media conglomerate axed $825million worth of content.

Warner Bros Discovery said on Friday it had slashed $825million.

WBD streaming chief JB Perrette said on Thursday children's shows, streaming content and shows on TBS and TNT were mostly responsible for the sum.

He said: 'We will continue to have healthy content investment, but with these two content portfolios coming together, we see smart opportunities to do this at a much more measured pace than in the previous plans.

'These are difficult decisions, but we are committed to being disciplined about a framework that guides our content investment for maximum return.'.

He added: 'By the way, hi there new business daddy, seems like you're doing a really great job.

On Friday Warner Bros Discovery revealed it had take an $825million write-down on content following the WarnerMedia merger.

The eye-watering figure included cuts across film and TV studios, TV networkers and streaming services.

Warner Bros Discovery streaming chief JB Perrette said on Thursday that children's shows, streaming content and shows on TBS and TNT were mostly responsible for the sum.

He said: 'We will continue to have healthy content investment, but with these two content portfolios coming together, we see smart opportunities to do this at a much more measured pace than in the previous plans.

'These are difficult decisions, but we are committed to being disciplined about a framework that guides our content investment for maximum return.'.

The Batgirl film was canned by Warner Bros.

The directors of scrapped movie Batgirl have slammed Warner Bros' decision to axe the 'awful' $100million film as they said they hoped fans will one day get to see it.    .

Elsewhere in the ailing business, Warner Bros Discovery said it will merge HBO Max and Discovery+ into one streaming platform next year to help save $3billion.

'Once our SVOD service is firmly established in the market, we see real potential and are exploring the opportunity for a fast or free ad-supported streaming offering that would give consumers who do not want to pay a subscription fee access to great library content, while at the same time serving as an entry point to our premium service.'.

A source told The Wrap: 'Everyone in Warner Bros Discovery is nervous at the moment, and starting to look at alternative job options in case they get the axe.

But last week the producer of DC's The Flash tried to calm fan's fears it was next to be axed by Warner Bros after the studio killed off Batgirl!

Starring Ezra Miller, The Flash is scheduled to be released in 2023 - but many have speculated it will also be shelved because of Warner Bros' seeming lack of clarity.

According to The Flash Film News on Twitter, the movie's producer Barbara Muschietti said that 'All is good in Flash land' despite it only being 'expected' to hit theaters next June.

In a conversation with the fan page, which collates information about the upcoming film, Muschietti said that it was 'absolute b******t' to suggest that The Flash does not yet have a firm release date.

Warner Bros has not commented on whether The Flash is still expected to hit screens next year when approached by DailyMail.com!

The film is said to be on track for its release next year, but Warner Bros has paused working on any future projects involving Miller.

According to The Flash Film News on Twitter, the movie's producer said in an Instagram message that 'All is good in Flash land.' It comes after the star of The Flash Ezra Miller was arrested multiple times.

Barbara Muschietti tried to ease fans' minds - but many still believe that there is a chance that Warner Bros could axe the film before its release next year.

Warner Bros had committed to making movies that could go straight to HBO Max, as part of an effort to boost subscribers in the increasingly crowded streaming sector.

The change comes as streaming services saw lackluster performances in Wall Street, with Warner Bros Discovery's stock down more than 31 percent from $25.50 in April.

He said in a statement he was 'thrilled' to be joining the longtime Fox competitor

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