Warner Bros. Discovery Consolidates Scandinavian Operations, Shuts Danish Unit Amid Sector Challenges
Portfolio Pulse from Anusuya Lahiri
Warner Bros. Discovery (WBD) is closing its Danish production arm and consolidating operations into its Swedish base in Stockholm. The decision comes amid challenges in the Danish production sector, including commissioning deadlock, streaming levy fears, and increased costs due to local currency strength and lack of tax rebate system.
June 15, 2023 | 1:12 pm
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Warner Bros. Discovery is closing its Danish production arm and consolidating operations in Sweden, potentially impacting the company's production capabilities and costs.
The closure of WBD's Danish production arm and consolidation into its Swedish base may lead to short-term disruptions in production and increased costs. The challenges faced in the Danish production sector, such as commissioning deadlock and streaming levy fears, could negatively impact WBD's operations and stock price in the short term.
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