Warner Bros. Discovery to split
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Robert Eggers is set to write and direct a movie adapting Charles Dickens’ classic ghost story set at Christmas. Eggers will produce the project alongside Chris Columbus and Elenor Columbus for Maiden Voyage.
Credit ratings agency Fitch Ratings on Wednesday downgraded Warner Bros Discovery to junk status following the company's announced split-up earlier this week, as investors weigh the deal's likely impact on holders of its debt.
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After adapting Viking mythology and a classic vampire tale, Robert Eggers has set his sights on Charles Dickens. IndieWire has confirmed that the “Nosferatu” filmmaker is set to write and direct a new film based on Dickens’ holiday classic “ A Christmas Carol ” for Warner Bros., with his muse Willem Dafoe eyed to star.
At the end of March, Warner Bros. Discovery had gross debt of $38.0 billion, which is comprised of “total debt” ($37.4 billion) and financial leases ($535 million). The 2022 merger of WarnerMedia (owned by AT&T) and Discovery, Inc. created more than $50 billion of debt.
The split comes three years after Warner Bros. and Discovery merged in a bid to capture more of the highly competitive streaming market.
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EXCLUSIVE: Adam Galen has been promoted to Vice President of Development at Warner Bros. Pictures Animation, the division’s President Bill Damaschke announced on Tuesday. In his elevated role, Galen will work alongside Susan Akinbola to lead the studio’s feature development slate,
The CEO also said that Disney+ will "probably" emulate Netflix and stop reporting subscriber numbers at some point, he noted during a CNBC appearance.