Cosmic Book News says the fate determined for DC Comics by AT&T in their merger with Time-Warner could be coming soon:
It’s being speculated that AT&T, the parent company of WarnerMedia which includes DC Entertainment, may sell off the brand in a part of a move to save billions of dollars.
Former DC Comics artist Ethan Van Sciver was tipped off by someone at DC in regards to an article published by Barrons titled “AT&T Was Headed in the Right Direction Before Activist Elliott Management Showed Up,” which is in regards to Hedge fund Elliott Management having disclosed a whopping $3.2 billion stake in AT&T.
[…] Ethan Van Sciver goes on to speculate that AT&T could divest itself of DC – meaning getting rid of DC – as AT&T may no longer want or require the brand as part of its business interest or investment.
[…] What remains to be seen is if AT&T will simply close DC Comics and keep the movies and TV properties (I’ve been told WB wants to connect everything regarding movies, TV and streaming networks) or whether they will license off DC Comics or sell all of DC Entertainment, including the comics, movies and TV properties, or simply continue the way things have been going but make changes on an executive-level or more.
They can keep the movie and merchandise rights, IMHO. It’s just the publishing arm that’s in sore need of either a better management, or closure altogether, if that’s what it takes to get rid of the ideologues who took it over. If they still keep ownership, nothing short of ridding the company of reprehensible men like Dan DiDio will suffice. He’s only led them to disaster, and it’s time already to make a serious change in the interior management of who’s in charge of the company.
Otherwise, they’ll only come off looking like a joke, and the loss of sales will eventually bring them down completely.
Originally published here.