Warner Bros. might sell all its assets and offer the entire company to a new owner after “unsolicited interest” from potential buyers, the company revealed this Tuesday.
If Warner Bros. is sold in full, that would mean trading its own gaming studios and subsidiaries like Mortal Kombat’s NetherRealm Studios, Hogwarts Legacy’s Avalanche Software, Batman: Arkham games’ Portkey Games, and LEGO titles’ TT Games.
The announcement of this potential sale comes almost a month after EA Games revealed it’s being acquired by private investors, which include Saudi Arabia’s PIF.
The Warner Bros. buyer would also take home the DC games that James Gunn teased were in the works. In August, he told GamesRadar+ that “We have a couple of little DC games coming out,” including “one thing in particular” he was excited about, though it would take time to materialize.
It’s unclear what plans for DC games James Gunn has and how a full WB sale would impact them, but the company’s gaming financials and the recent history of other big acquisitions suggest that delaying or canceling these projects wouldn’t be surprising.
Warner Bros. has been reducing game production expenses
This concern seems justified based on Warner Bros.’ current investment in game development. According to the company’s 2024 Full Year report, it spent over $384 million making video games last year and has been decreasing expenses since.
The reduced investment in Warner Bros. Games is clear in 2025. While the company only released two games this year (the mobile DC Worlds Collide and the Nintendo Switch 2 port of Hogwarts Legacy), it published seven games in 2024, including two commercial flops: Suicide Squad: Kill the Justice League and Multiversus.
With a disastrous 2024 and a massive slowdown in game production during 2025, it’s not far-fetched to assume that whoever buys the company will want to stay conservative with game development, both using DC and other intellectual properties. If WB takes a page out of Microsoft’s book during the Activision Blizzard acquisition, we could see entire games and studios shuttered.
That’s why I think James Gunn’s gaming plans won’t materialize anytime soon. If development was already slow before, it should be even slower during and after Warner Bros.’ acquisition. That’s all my perspective and analysis, though, and it’s certainly too soon to say for sure whether WB Games are safe or not.
There’s a glimmer of hope, even in the worst-case scenario. During the Activision Blizzard acquisition in 2022, Microsoft canceled the Tony Hawk’s Pro Skater 3 and 4 remakes. But the game came back from the dead and was released three years later, in July 2025. So, even if we see James Gunn’s plans getting shelved, it doesn’t mean they couldn’t resurface in the future. However, one thing is very likely: whatever these plans were, they aren’t becoming reality soon and may take even longer if Warner Bros. is acquired.
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