Warner Bros. Unveils a Slate of Superhero Films After Poor Summer
Warner Bros. has unveiled a slate of superhero films that the big Hollywood studio believes will help drive profit after it suffered through an uncharacteristically poor summer.
The studio plans to release 10 films from its DC Entertainment imprint, including at least two that feature both Superman and Batman, starting in 2016. Warner Bros. also intends to make three movies based on a book by J.K. Rowling, whose "Harry Potter" series was the biggest franchise in the Burbank studio's history.
The ambitious strategy comes at a crucial time for Warner Bros., which told Wall Street investors Wednesday that it planned to cut its annual overhead by $200 million and is set to embark on a major round of layoffs. There have been some reports that the company, a unit of Time Warner Inc., could eliminate about 1,000 jobs.