Warner Bros has been under fire from fans and critics lately over shelving finished movies, including Batgirl and Coyote vs. Acme, but the companies latest financial report shows how even the gaming division is losing money hand over fist. CEO David Zaslav informed investors that not only did the company post a loss of $200 million (taken as a tax write-down) on Suicide Squad: Kill the Justice League, but MultiVersus, the free-to-play brawler stuffed with Warner characters, has performed so poorly that they are taking another $100 million write-down. The difference between a tax write-off, which was done for the two movies, and a write-down, is that in the former, the asset has lost all value, while in the latter, there's still some value to it, but it's reduced by the amount of the write-down. In practice, this means that WB Games has lost $300 million of value in the last year following the poor showing of two marquee games.
As a video game publisher, Warner Bros has had success in the past, working with Rocksteady on the Batman Arkham series which re-defined licensed games, and followed that up by teaming with Avalanche...
