It seems that a follow-up to Hogwarts: Legacy has apparently been verified, according to a comprehensive update on the current state of Warner Bros‘ struggling video game sector. This division has undergone leadership change due to a series of significant failures in recent times.
Journalist and industry expert Jason Schreier delved into an examination for Bloomberg, focusing on a challenging year for Warner Bros Games. This difficult period was marked by a total write-off of approximately $300 million across games such as Suicide Squad: Kill the Justice League, Harry Potter: Quidditch Champions, and MultiVersus.
According to reports, the gaming division’s leader, David Haddad, has announced his departure from the role. Unidentified team members have shared with Bloomberg that under his leadership, there seemed to be a missing sense of unified and clear direction or purpose.
They expressed dissatisfaction with inefficient trend-following and time wasted on development, leading to damage to their reputation and the departure of crucial team members. This was compounded by the fact that their parent company, Warner Bros, was transferred from AT&T to Discovery, creating an atmosphere of doubt and instability.
David Zaslav, CEO of Warner Bros Discovery, has noted that the gaming sector is currently falling short of its potential, hinting at plans to reduce the rate of game development and instead concentrate efforts on only a select number of franchise titles. (Bloomberg’s report suggests this approach.)
It’s good news for enthusiasts of Hogwarts: Legacy – it seems that the Wizarding World is shaping up to be a key part of WB Games’ future, according to Bloomberg. Reports indicate that studio Avalanche is developing “new material” for the initial game and even a potential sequel.
Nevertheless, Schreier’s findings indicate doubts as to whether the initial game’s record-breaking sales of 34 million copies can be duplicated, not to mention exceeded. It also raises questions about whether the anticipation for a sequel or additional content has already been fulfilled.
Concern has arisen after the commercial struggles of the latest Quidditch Champions spin-off, suggesting that not all projects associated with the Harry Potter brand are guaranteed to thrive.
As a devoted fan, I can’t help but share my excitement when hearing JB Perrette, head of games and global streaming at Warner Bros, express optimism about their future. He recently told Bloomberg that they aim to return to profitability by 2025. However, he made it clear that the level of profitability they aspire to achieve won’t be reached within the next two to three years.
Rebuilding and setting ourselves back to our desired level may take between 2 to 3 years. However, the transition from operating at a loss to making a profit should happen quite swiftly.
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2025-02-08 16:04