Warner Bros. Motion Picture Group signs co-financing agreement with Domain Capital

Warner Bros. Motion Picture Group and investment firm Domain Capital have announced that they have signed a multi-year co-financing agreement that will “expand Warner Bros’ expanded focus.” on feature films as the company continues to expand its diverse film offering. in any genre for audiences around the world.”

Including the new regulation Barbie – released in July – and continues the studio’s main tentpoles, including Aquaman and the Lost Kingdom, Wonka And The color purple.

The news comes after WBD last week reported mixed quarterly results with a gloomy advertising outlook and the company led by David Zazlav made headlines Coyote vs. Acme. WBD planned to scrap the finished Looney Tunes film, but after an uproar among the filmmakers and creative community, the company decided to shop around for the film and hold screenings. The studio reportedly could have absorbed a $30 million to $40 million write-down on the roughly $70 million film. This story continued today when Texas Congressman Joaquin Castro criticized WBD

The situation could be very different, but it was reminiscent of the abolition of the WBD Batgirl And Scoob!: Holiday spirit in the summer of 2022, as the company struggled with its financial situation following the merger of Discovery and Warner Media. The combination and resulting high debt is complicated given the cost of streaming and the decline of linear television. WBD wants to save money with the domain deal.

Domain has announced the closing of more than $700 million in equity commitments in 2022 for an entertainment fund and co-investment vehicle focused on film, television and music. As of March 31, the company had total assets under management of approximately $8.2 billion

Mike De Luca and Pamela Abdy, co-chairmen and CEOs of Warner Bros. Motion Picture Group said: “We are pleased to enter into this co-financing agreement with Domain Capital as the company has deep knowledge of the entertainment space and we continue to be 100 years old. “Builds on the studio’s yearlong commitment to theatrical releases.”

Domain Managing Director Media, Entertainment and Technology Pete Chiappetta said, “We are honored to partner with Warner Bros., a world-class studio partner,” and look forward to continuing their long track record of creating world-class theatrical content. We believe this long-term relationship and the eventual library will advance our media, entertainment and technology investment strategy.”

Variety first reported the deal.