Warner Bros production unit moves into red

Warner Bros production unit moves into red
Warner Bros TV production unit is behind the Gloriavale series Escaping Utopia. (Image: Supplied)
Victoria Young
Warner Bros International Television Production New Zealand has moved into the red, posting a $1.27 million loss in calendar 2024, compared to a $12.8m surplus the year prior.The TV production unit, ultimately owned by American multinational Warner Bros Discovery, posted its calendar 2024 on the Companies Office earlier this week.It suffered a $10.4m goodwill impairment this year.Revenue remained consistent, down by 4% from $107.4m to $100.3m, while the cost of sales also fell to $82.24m from $86m.Income was mostly from TV produc...

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