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Warner Bros. already spent $100 million on the Wonder Woman game it just canceled

Warner Bros. Discovery is shuttering three studios in its video games division in an apparent effort to fix the flailing business.

The 31-year-old studio Monolith Productions (“Middle-earth: Shadow of War”), Player First Games (“MultiVersus”), and Warner Bros. Games San Diego are all being closed, per reporting from Bloomberg’s Jason Schreier.

The company also said its canceling one of its biggest projects, a Wonder Woman game (by Monolith) that had gone through a turbulent development. Warner Bros. reportedly spent more than $100 million on the title, which will now never see the light of day.

Warner Bros. holds the rights to massively popular gaming-friendly IP like Batman, “The Lord of the Rings,” “Game of Thrones,” and Harry Potter, but it has struggled to find a hit since 2023s “Hogwarts Legacy.”

The studio had an abysmal 2024, including a $200 million loss on its “Suicide Squad” title. That game likely wouldve been the industrys biggest disappointment of the year, were it not for the historically bad performance of Sony’s “Concord.”

The company also said its canceling one of its biggest projects, a Wonder Woman game (by Monolith) that had gone through a turbulent development. Warner Bros. reportedly spent more than $100 million on the title, which will now never see the light of day.

Warner Bros. holds the rights to massively popular gaming-friendly IP like Batman, “The Lord of the Rings,” “Game of Thrones,” and Harry Potter, but it has struggled to find a hit since 2023s “Hogwarts Legacy.”

The studio had an abysmal 2024, including a $200 million loss on its “Suicide Squad” title. That game likely wouldve been the industrys biggest disappointment of the year, were it not for the historically bad performance of Sony’s “Concord.”

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Paramount and Microsoft’s Activision agree to partner on a “Call of Duty” movie

Less than a month after forming, Paramount Skydance has landed another major piece of intellectual property. The studio said it’s signed a deal with Microsoft’s Activision to create a live-action “Call of Duty” film.

The competitive shooter is one of the most popular gaming franchises in the world and has been the US’s bestselling series for the past 16 years. The next title in the 22-year-old franchise, “Black Ops 7,” will debut in November.

Paramount, which closed its merger with Skydance in August, has had a summer of big deals. It acquired UFC broadcast rights in a $7.7 billion deal with TKO last month, following a $1.5 billion deal for “South Park” rights in July. The company also lured “Stranger Things” creators away from Netflix last month for a four-year film and TV development deal.

The competitive shooter is one of the most popular gaming franchises in the world and has been the US’s bestselling series for the past 16 years. The next title in the 22-year-old franchise, “Black Ops 7,” will debut in November.

Paramount, which closed its merger with Skydance in August, has had a summer of big deals. It acquired UFC broadcast rights in a $7.7 billion deal with TKO last month, following a $1.5 billion deal for “South Park” rights in July. The company also lured “Stranger Things” creators away from Netflix last month for a four-year film and TV development deal.

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