Warner Bros. Discovery is reportedly considering selling a stake in its video games business to help reverse a near 70% decline in its stock price since the 2022 merger of WarnerMedia and Discovery. According to sources from the Financial Times, the company might also sell Polish broadcaster TVN. Warner Bros. Discovery’s video games division includes studios like Avalanche Software, Rocksteady, TT Games, NetherRealm, Monolith Productions, and Warner Bros. Games Montréal. The company recently acquired Player First Games, the developer of MultiVersus. Key intellectual properties for Warner Bros. Discovery include Mortal Kombat, Game of Thrones, DC, and Harry Potter, with Hogwarts Legacy being 2023’s best-selling game. Despite this, the company took a $200 million loss on Suicide Squad: Kill the Justice League. CEO David Zaslav aims to shift focus towards live services, multiplatform, and free-to-play extensions.

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