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**WARNER BROS. DISCOVERY LOOKS TO RAISE $500 MILLION BY SELLING PART OF ITS MOVIE AND TV MUSIC CATALOG**
It has been reported by both Hits and Variety that Warner Bros. Discovery is planning to generate approximately $500 million by selling off a portion of its movie and TV music catalog to a record label. The exact songs from films and shows that they are ready to part ways with have not been disclosed, but Sony is said to be a frontrunner in finalizing the deal.
**THE MOTIVATION BEHIND THE DECISION**
Warner Bros. Discovery’s recent focus on reducing its substantial debts could be a driving force behind this potential move. CNBC highlights the company’s efforts to pay down its debts, which might explain their consideration of this strategy. However, Variety notes that the music up for sale is likely to consist of themes from shows and movies that do not hold much pop cultural significance. Consequently, the buyer of these rights may face a challenge in maximizing their value.
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