Warner Bros. Animation and DC Studios have greenlit Mister Miracle, an adult animated series based on the 12-issue Eisner Award-winning comic from writer Tom King and artist Mitch Gerads. King is executive producer and showrunner on the series, which is currently in production.

Confusion over how the media giant plans to restructure its debt following a spinoff of cable channels like CNN and TNT have rattled the market for its bonds.

Warner Bros. Animation and DC Studios greenlight 'Mister Miracle,' an adult animated series to be showrun by the comic's creator, Tom King.

At the end of March, Warner Bros. Discovery had gross debt of $38.0 billion, which is comprised of “total debt” ($37.4 billion) and financial leases ($535 million). The 2022 merger of WarnerMedia (owned by AT&T) and Discovery, Inc. created more than $50 billion of debt.

Warner Bros. Discovery is splitting into two separate publicly traded companies – one oriented around the HBO Max streaming service and Warner Bros. studio, and the other around CNN and other television networks.

Warner Bros. Discovery will split into two companies by next year, with much of its streaming and movie production moving under one company and its live sports and news to another, according to the Washington Post .

Paramount's job cuts are just the latest to hit the beleaguered media industry, which has recently seen staff reductions at Disney and Warner Bros. Discovery.

The CEO also said that Disney+ will "probably" emulate Netflix and stop reporting subscriber numbers at some point, he noted during a CNBC appearance.