Media giant Warner Bros Discovery has admitted that it believes its video games division is “substantially underperforming”.
Speaking to investors – as reported by VGC – CEO David Zaslav said that while it did have some strong franchises, overall its business is not doing nearly as well as it would like. Warner also reported that its games results had been hit to the tune of over $100 million thanks to underperforming titles, namely its confusing and troubled free-to-play brawler MultiVersus.
“Even in an industry of hits and misses, we must acknowledge that our studios business must deliver more consistently,” the exec told shareholders.
“This applies to our games business, which we recognise is substantially underperforming its potential right now.
“We have four strong and profitable game franchises with loyal, global fans – Hogwarts Legacy, Mortal Kombat, Game of Thrones and DC, in particular Batman.
“We are focusing our development efforts on those four core franchises with proven studios to improve our success ratio.”