The holidays are cancelled.
Or at least, according to The Hollywood Reporter, Scoob! Holiday Haunt's release has sadly been cancelled. This is due to budgetary restrictions that arose with the recent Warner Brothers Discovery merger. The film's budget was 40 million dollars, but Warner Brothers executives determined that they could no longer justify the funding for this film, and thus pulled the film from the lineup of HBO Max's original programming. It is unknown if Velma will be affected by this announcement of cutbacks and budgetary restrictions. However, this could provide some insight into why we have not gotten any announcements for DTVs, since perhaps WB felt they could not justify releasing direct-to-video films when they are financially struggling due to the merger.
Warner Brothers Discovery CEO David Zaslav shared with the press that Warner Brothers is currently attempting to shift to a "cost savings" model, focusing more on theatrical films rather than streaming and direct-to-video projects. Zaslav stated he feels that the majority of streaming projects "no longer make financial sense" under the new vision for Warner Brothers. Batgirl, another big budget film ($90 million dollars) was additionally scrapped despite that filming had been completed.