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Warner Gets Really Real With Streaming Plan

Leave it to a media giant to find a colorful way to advertise its new approach.

An eventful second-quarter report from Warner Bros. Discovery late Thursday was preceded by news the day before that the company pulled the plug on “Batgirl,” a $90 million production that was already in the can to the point of going through test screenings. Those screenings reportedly indicated that the movie would be a flop in theaters, and Warner new top brass thus decided that a tax write-off would be more valuable than putting it on its HBO Max streaming service.