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Warner Bros. already spent $100 million on the Wonder Woman game it just canceled

Warner Bros. Discovery is shuttering three studios in its video games division in an apparent effort to fix the flailing business.

The 31-year-old studio Monolith Productions (“Middle-earth: Shadow of War”), Player First Games (“MultiVersus”), and Warner Bros. Games San Diego are all being closed, per reporting from Bloomberg’s Jason Schreier.

The company also said its canceling one of its biggest projects, a Wonder Woman game (by Monolith) that had gone through a turbulent development. Warner Bros. reportedly spent more than $100 million on the title, which will now never see the light of day.

Warner Bros. holds the rights to massively popular gaming-friendly IP like Batman, “The Lord of the Rings,” “Game of Thrones,” and Harry Potter, but it has struggled to find a hit since 2023s “Hogwarts Legacy.”

The studio had an abysmal 2024, including a $200 million loss on its “Suicide Squad” title. That game likely wouldve been the industrys biggest disappointment of the year, were it not for the historically bad performance of Sony’s “Concord.”

The company also said its canceling one of its biggest projects, a Wonder Woman game (by Monolith) that had gone through a turbulent development. Warner Bros. reportedly spent more than $100 million on the title, which will now never see the light of day.

Warner Bros. holds the rights to massively popular gaming-friendly IP like Batman, “The Lord of the Rings,” “Game of Thrones,” and Harry Potter, but it has struggled to find a hit since 2023s “Hogwarts Legacy.”

The studio had an abysmal 2024, including a $200 million loss on its “Suicide Squad” title. That game likely wouldve been the industrys biggest disappointment of the year, were it not for the historically bad performance of Sony’s “Concord.”

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Prediction markets show “One Battle After Another” leads in Oscar race for Best Picture

It’s finally Oscars week — and with voting officially closed, all that’s left to do is count the ballots and wait to see who wins this Sunday night. 

This year, the acting categories have been the most interesting to watch, especially the showdown between “Marty Supreme” star Timothée Chalamet and “Sinners” actor Michael B. Jordan for Best Actor. While Chalamet was long the favorite, Jordan has caught up and overtaken him after winning the Actor Award.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

But perhaps the most exciting race of all is for Best Picture. Out of the 10 nominees, the two at the top are Paul Thomas Anderson’s “One Battle After Another” and Ryan Coogler’s “Sinners,” both of which are studio releases from Warner Bros. Discovery

Which will win the top prize seems to be split among award pundits and experts. As of Monday afternoon, Gold Derby still has “One Battle After Another” as the front-runner with odds of 76.87%. AwardsWatch, AwardsRadar, and Numlock Awards are also still predicting that “One Battle After Another” will take the statue for Best Picture.

On the other side, reporters from some major trade publications like Variety’s Clayton Davis and The Hollywood Reporter’s Scott Feinberg predict that “Sinners” will take the top honor.

Odds in the prediction markets currently show that “One Battle After Another” is still ahead of “Sinners,” with the former priced in at 75% while the latter is priced at 23%.

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