In a letter to shareholders released on Thursday, Warner Bros. Discovery shared some minor updates on what is coming up for DC Studios.
The general letter addressed all of the various studios under the Warner Bros. Discovery banner along with the current plans for each. Amongst that information was the news that the company is currently targeting one to two DC Studios films a year. As we already know, 2026 will see the release of Supergirl: Woman of Tomorrow and Clayface, but we don’t know much beyond that as of yet.
Here is the whole DC Studios section of the shareholder letter.
Superman marked the beginning of a new era for DC Studios, extending our strong creative
momentum into the third quarter. Superman generated $220 million globally in its opening weekend, the strongest ever debut for a solo Superman film, and strongest DC Studios global opening since 2022.DC Studio’s universe of characters represents not only one of Warner Bros. Discovery’s most
valuable pieces of intellectual property, but one of the most valuable assets in entertainment. In its long history, the DC universe has never been managed in a more cohesive, collaborative, and
strategic way. James Gunn and Peter Safran bring a unified creative vision to this beloved collection of storylines, and initial progress has heightened our long-term optimism.In film, James Gunn is busy preparing the next installments of the DC super family, including
Supergirl: Woman of Tomorrow (2026), Clayface (2026), and the next Wonder Woman. In addition, The Batman II (2027) is preparing to begin shooting next spring, among several other projects in development. The 10-year vision for the DC universe also includes an exciting array of television projects, including The Penguin, which recently garnered 24 Emmy nominations and was watched by nearly 20 million HBO Max subscribers, the upcoming new season of Peacemaker, and the debut of Lanterns in 2026. In a precise and measured way, the DC franchise will increasingly overlay across the studio’s broader efforts: from film and TV to consumer products, games, experiences and social.
These letters are always very general, but seeing DC Studios broken out into its own dedicated section gives us a lot of hope for the future of the brand.
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