Warner Media is considering selling the CW network. The network is home to DC series including The Flash and Superman & Lois.
In the latest Movie and TV news, CW network may be sold. According to the Wall Street Journal, Warner Media and ViacomCBS are considering selling part or all of their shares in the CW network. The reason for this is that the network has not been profitable since 2006. The network’s target audience is mostly teenagers and young adults, and several companies are said to be interested in buying the CW, including Nexastar Media, America’s largest media group.
If you’re a fan of the CW series, you probably should not worry too much, as the WSJ says the most common scenario is for Nexstar to buy a large stake in the CW, and CBS and Warner Media will still have a small stake in the network. They will remain committed to producing and delivering CW network applications. The CW has been rumored to be unprofitable for years, and it may be surprising why Warner Media does not focus solely on making an exclusive DC Universe series for HBO Max.
However, network profitability has nothing to do with content profitability. Netflix, meanwhile, may be interested in buying the rights to the Riverdale series, or Netflix may not even mind buying the reboot or spin-off of The 100. However, the Riverdale series may find a large audience on HBO Max. DC series that are produced and broadcast for the CW network include The Flash, Superman & Lois, Batwoman, Legends of Tomorrow, and Stargirl.
The Naomi series is also the new series of the CW network, and some time ago, the news of making the Gotham Knights series was released for this network. The CW also has other series such as Walker, Kung Fu, Nancy Drew and In the Dark.