Warner Bros. Discovery has significantly increased its estimates on how much the company’s current pivot to streaming is going to cost. With the US TV sector gripped by a series of high profile show cancellations, WBD made an SEC Filing in which it said total pre-tax restructuring charges would now be in the range of $4.1-$5.3bn. In October, the company estimated this figure would be between $3.2-$4.3bn.

Source: Content write-offs add another billion dollars to WBD restructuring costs – Digital TV Europe