Congressman Joaquin Castro Rips Warner Bros Discovery as ‘Outright Hostile’ to ‘Creators of Color’
thewrap.comin a Twitter thread on Tuesday.“And for what? The business model isn’t working. @WBD stock has lost more than 50% post-merger.
So stockholders suffer too. After the Batgirl fiasco (completed project dumped for $90M tax break) content creators discussed making WBD their “last look” when pitching studios,” he continued.“They have also failed so far to deliver on promises they (leadership) made to civil rights organizations prior to the merger about commitments to inclusion.
They have also imposed a double standard within the company,” Castro said.“Let’s take Warner Bros. and CNN together as an example,” Castro added. “WB cut projects and pre-merger employees over “quality” (profitability) concerns.
Yet for CNN David Zaslav indicated that he’s not worried about ratings for now (ratings = profit). Apparently not, a top business side executive hired to run CNN had zero experience in the business.”Castro’s comments comes hours after Warner Bros.
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