Ed Morrissey

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Warner Bros. Discovery has been working to reduce its debt load, which now stands at $43.2 billion, stemming from the merger of Warner Bros. and Discovery in 2022. On Thursday the company said it repaid $1.1 billion in debt during the quarter, and also announced a $1.75 billion cash tender aimed at further reducing its debt.

This is a smart business move, and even smarter to keep Jackson at the helm. Amazon spent a boatload on a non-Jackson LOTR series that didn't do much, apparently, and Disney has ruined multiple IPs by putting Kathleen Kennedy in charge of them. Warner needs a big cash cow to pay down that massive acquisition debt, and a Jackson-led LOTR franchise is perhaps one of the most promising available at the moment.