Part 5/10:
Warner Bros. has already undergone two mergers in less than two years; a possible merger with Paramount is being considered as a way to consolidate and survive in a deteriorating landscape. The heavy expenditure on high-budget projects, many of which have flopped at the box office, underscores how unsustainable Hollywood’s current spending habits are. Projects costing over $200 million—such as The Flash, Indiana Jones and the Dial of Destiny, and Ant-Man and the Wasp: Quantumania—have largely failed to turn a profit, exposing the flawed financial model.