Warner Bros. is closing three of its video-game studios, including Monolith Productions and Player First Games, while cancelling the troubled Wonder Woman game. This decision comes after a staggering loss of $300 million in 2024 and reflects a strategic pivot to focus on stronger franchises such as Harry Potter and Mortal Kombat. The company acknowledged that recent game releases have failed to meet expectations and emphasized the need for change in both team structure and game development strategies to ensure future success.
"The quality of too many of our new releases has really missed the mark," Warner Bros.' games and streaming boss JB Perrette said in an internal memo to staff. "We need to make some substantial changes to our portfolio/team structure if we are to commit the necessary resources to get back to a 'fewer but bigger franchises' strategy."
Warner Bros. confirmed the studio closures and the cancellation of the Wonder Woman game, stating it did not reflect the affected teams and their staff.
"We have had to make some very difficult decisions to structure our development studios and investments around building the best games possible with our key franchises -- Harry Potter, Mortal Kombat, DC and Game of Thrones."
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