The plague of the 'Covid-19' virus, reducing corporate profits worldwide, recently forced the firing of senior staff at DC Comics, owned by corporate parent AT&T, whose total market value of net assets are now worth less than their total loans. Will Disney, the home of Marvel Comics take this opportunity to buy DC Comics, the home of 'Superman', 'Batman' and 'Wonder Woman' ?
DC's characters provide content for AT&T's WarnerMedia unit, producing movies and TV shows, with eight 'DCEU' ('DC Extended Universe') films grossing $5.5 billion globally over the past seven years.
"Joker" grossed $1.07 billion and won two Oscars.
The CW network, co-owned by WarnerMedia with ViacomCBS, hosts DC's Vancouver-lensed episodic superhero TV series, including "The Flash", "Supergirl", "Legends of Tomorrow", "Black Lightning" and "Batwoman".
DC Comics' revenue is listed under WarnerMedia, along with HBO, Warner Bros. and Turner cable networks including “The Big Lie” news outlet CNN.
DC Entertainment and DC Films are subsidiaries of Warner, with DC Comics becoming a subsidiary of DC Entertainment in 2009.
Warner Bros. generated $14.4 billion in revenue -- or 43% of WarnerMedia's revenue and 8% of AT&T total revenue in 2019.
DC's publishing unit generated about $300 million.
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