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Gotham Knights studio Warner Bros. Games Montréal appear to have laid off staffWarner Bros. Games Montréal, the studio behind Gotham Knights, has reportedly laid off an unspecified number of staff. Several developers confirmed their departures from the studio on LinkedIn. This follows recent studio closures and game cancellations within Warner Bros. Games due to financial performance.
Netflix boss says Paramount acquisition of Warner Bros will result in "cuts in excess of $16 billion" within "18 months or so"Netflix CEO Ted Sarandon stated that Paramount's acquisition of Warner Bros. will lead to significant cost-cutting exceeding $16 billion within approximately 18 months. This suggests that Warner Bros. Games studios, including TT Games and Rocksteady, will face scrutiny for cost-saving measures. Netflix withdrew its bid for Warner Bros. after Paramount increased its offer, securing a substantial breakup fee.
The Warner Bros. acquisition: a timeline of events so farWarner Bros. Discovery (WBD) has been the subject of a bidding war between Paramount Skydance (PSKY) and Netflix, with PSKY ultimately acquiring the company for $31 per share in an all-cash deal. The acquisition process involved multiple revised offers, legal challenges, and negotiations, with WBD's board eventually deeming PSKY's proposal superior to Netflix's. The deal includes WBD's film studio, streaming businesses, and games division, but excludes its Global Networks.