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However, the acquisition hints at deeper cutbacks within Warner Bros. Discovery, which previously owned Crunchyroll through its full-screen division. Reports suggest that Warner has been eager to divest its streaming assets, including Verve and related properties, as part of a broader strategy to overhaul its media holdings ahead of the merger with Discovery. This divestment indicates that Warner is shedding parts of its streaming empire to focus on core businesses or to reduce liabilities.
Additionally, Warner's prior plans to develop and operate services like High Dive, which was added to Verve, appear to be in limbo. The industry is riddled with redundancies and failed initiatives, with companies pooling funds into multiple niche services that struggle to gain footing.