WBD trims ambitions for music-library sale - report
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Warner Bros. Discovery (NASDAQ:WBD) is reportedly cutting back plans to sell off its catalog of film soundtracks after interest was lower than expected.
Amid a series of debt-trimming movies, the company hoped to draw a potential $2B from selling its copyrights to a library of songs, such as soundtracks to Batman and other film series. (Predecessor company Time Warner sold off its older, broader music unit in 2004.)

Now, after some informal talks, bids have been coming in lower, in the $1.2B-$1.3B range, according to the Financial Times.

And that means WBD may sell just a piece of the catalog, or abandon the effort entirely, the report said. The intellectual property has some strategic importance that complicates an outright sale.
The company has repaid $7B in debt since last year's closing of the $40B merger of WarnerMedia with Discovery that established the new firm.