Warner Bros. Discovery closed Cartoon Network's standalone studios in Burbank, California. Photo: AaronP/Bauer-Griffin/GC Images
The Cartoon Network's future looks increasingly uncertain amid "sweeping cuts," limited streaming prospects and plunging ad sales, according to a new report.
State of play: Warner Bros. Discovery has been disinvesting in the network, Bloomberg Businessweek reported today.
It closed the Cartoon Network Studios' home in Burbank, California.
And "the viability of the Cartoon Network brand in streaming doesn't look much more promising," Bloomberg reported, noting that Max "has largely failed to emerge as a go-to destination for young viewers."
By the numbers: Annual ad revenue for Cartoon Network and Adult Swim, its spinoff animation brand for grown-ups, fell by 83% from 2014 to 2024, according to S&P Global Market Intelligence data.
💠Nathan's thought bubble: I have an idea for them: Get the rights to "Pinky and the Brain" and order a reboot!
