Warner Bros Discovery has scaled back plans to cash in on its film soundtracks with a more than billion-dollar music sale after receiving offers that were lower than it had wanted, according to three people familiar with the matter.
Chief executive David Zaslav had been looking to help cut Warner’s debt by capitalising on the hot market for music copyrights. The company has held informal talks with potential buyers over the past few months to gauge what valuation they could achieve.
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