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Netflix Co-CEO Gregory Peters has shed some light on WB Games' future as part of last week's shocker announcement buyout deal.
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Wait unril they find out what a game like Mortal Kombat brings in in revenue.Felt the same, a sort of facepalm moment followed by a giggle.
I also feel sorry for the studios still employed by WB Games. Doesn't sound like present, or future, overlords have much consideration for them.
Right until WB flubbed the ball on a couple games, and completely abandoned a couple projects they didn't have the utmost confidence in. Basically they devalued the gaming division to make it a more attractive purchase target.Wasn' t the gaming industy bigger then the movie one?
The most recent Mortal Kombat is from 2023 and sold around 6.2 million copies the previous one around 15 million, enough to buy a couple stick of ram in any caseand maybe there has been a serialized MC release in there recently,
So... They are correct?I went to look it up in their published income statement, but they lump WB Games in with "Studios", so you can't see it distinguished from other content. They only mention a massive drop in revenue lately (almost 50%), along with a massive cut in spending following their latest restructuring around just 4 major IPs (Harry Potter, Mortal Combat, DC, and Game of Thrones).
Out of a total of about $9B in quarterly revenue, a bit over $2B was attributed to "Studios".. but that includes TV/Movie studios as well as game studios... so.... not sure how much of that was games.
Looking at how much new content they have released in recent years.... I really can only think of Harry Potter, and that's free on EGS right now. Anything DC lately has been a flop, and maybe there has been a serialized MC release in there recently, not sure. Game of Thrones I can only really recall mobile slop lately, but that probably brings in whale money... not sure how much, but maybe something.
But yeah, out of $9B in quarterly revenue, I would totally believe WB games is pretty minor in that scope.