As the $ 43 billion merger of Warner Bros. Discovery is nearing completion and CEO David Zaslav has introduced more key executives for the merged company.
The industry leader confirmed that the trusted, long-standing senior executives of Discovery will take on key roles at the merged conglomerate, with entertainment leaders WarnerMedia, Casey Bloys (HBO and HBO Max), Channing Dungey (WB TV) and Toby Emmerich (WB Pictures) overseeing the band. and belong directly to Zaslav.
In terms of titles, Bloys continues as head of content at HBO and HBO Max; Dungey as chairman of Warner Bros. Television Group; and Emmerich as Chairman, Warner Bros. Pictures Group, responsible for Warner Bros. Pictures, New Line Cinema, DC-based movies and Warner Bros. Feature Animation.
Bloys has often received compliments and shouts from Zaslav in appearance since the merger was announced. In November, for example, Zaslav said the Bloys had “achieved incredible results Order and White Lotus and Hacks and Mare in Austurbær. ” Last summer he had praised him by saying that “Casey has really been getting it right”.
Meanwhile, Kathleen Finch, now head of Discovery’s lifestyle brand, will oversee all WB Discovery’s linear channels (except CNN and HBO Max), adding channels such as TNT, TBS, Cartoon Network and TruTV to her Discovery collection. channels. . Its newly created role will be the Chairman and Chief Executive Officer of US Networks Group, which was described as the “new, unified organization that consists of more than 40 of the company’s US networks. Nancy Daniels, Head of Discovery Factual Networks, will be in charge of Finch, as will Brett Weitz, CEO, TBS, TNT and truTV, and Tom Ascheim, President of Warner Bros. Global Kids, Young Adults and Classics. Finch will oversee the Discovery Lifestyle Networks.
Chris Licht remains Chairman of the Board and CEO of CNN Global.
Other top deputies who have known Zaslav since he first discovered NBCUniversal will also play important roles at the merged company. The trusted Vice President of JB Perrette, who most recently served as President and CEO of Discovery International and Streaming, will take on the role of leading the merged company’s streaming business along with games. Perrette Title: CEO and President, Warner Bros. Discovery Global Streaming and Interactive Entertainment, with “responsibility for HBO Max and Discovery +, as well as all directly to consumers and games around the world. David Haddad, president of Warner Bros. Games, will be under him. Perrette joined Discovery in October 2011 as Chief Digital Officer after spending 11 years at NBCUniversal, most recently as President, Digital and Related Distribution, as well as leading the development of Hulu.
Zaslav’s veteran contractor and trustee in the inner circle, Bruce Campbell, most recently head of Discovery’s development, distribution and legal department, will also hold key positions at the merged group, managing all revenue, including advertising and affiliate revenue. His title: Director of Revenue and Policy. Prior to joining Discovery in 2007, Campbell was NBCUniversal’s Business Development Manager.
Zaslav had previously hired Gunnar Wiedenfels, CFO of Discovery, who has been with the company since 2016, as CFO of Warner Bros. Discovery said Kevin Mayer, another Candle Media CEO, would work with the company as a consultant on its streaming strategy.
As international is a major part of the merged company’s business, Gerhard Zeiler, a former craftsman, will serve as president, internationally, with responsibility for the company’s companies in more than 200 countries and regions. “He has played the same role for WarnerMedia and now adds responsibility for Discovery’s important international footprint,” said Discovery. “In terms of direct consumer policy and international distribution of content, Zeiler and his team will have a point line for Perrette.
Another longtime CEO of Zaslav, David Leavy, will be Head of Corporate Affairs, “overseeing key business and group activities, including Corporate Relations, International Government Relations and Public Policy, Corporate Marketing, International Relations, Corporate Research, Events and Social responsibility. “
“We are so excited to bring together the legacy and legacy of these two great companies by creating Warner Bros. Discovery and I are proud that our new Executive Team is bringing together world-class leaders from both organizations as we take our first steps toward another. one cohesive, collaborative culture, “said Zaslav. “Today’s announcement unites a strong team of professional managers in a simpler organizational structure, with fewer laws, more responsibility and a unique strategic focus as an international record company. I’m looking forward to rolling up my sleeves with this team so we can write this next exciting chapter together. These talented leaders will create a place where the creative, talented and all our people in every corner of the globe can do their best and inspire audiences everywhere with the magic, joy and wonders of world-class storytelling, news and sports. “
With the new management structure, Zaslav’s goal is to get rid of the WarnerMedia management law, which was sensible for the telecommunications giant AT&T after it acquired the entertainment station. Instead, key entities and executives will now report directly to Zaslav.
This is most evident in the former Warners companies, where Bloys, Dungey and Emmerich all belonged to Zaslav, which gives him more direct control over the entertainment offerings of the merged company.
As was widely expected on Wall Street, WarnerMedia CEO Jason Kilar said on Tuesday that he would leave the company when the merger ends. Analysts have said that the CEO of WarnerMedia assets will no longer be needed. Andy Forssell, CEO and CEO of HBO Max, also left. The same goes for Ann Sarnoff, Chairman and CEO of WarnerMedia Studios and Networks Group.
It was also reported on Thursday that Warner Bros. Discovery will hire the head of diversity, equities and participation later. “The role will belong jointly to the CEO, the executive and the cultural representative,” said Adria Alpert Romm, who has held the same position at Discovery. “The company is also seeking the role of Chairman and CEO of Warner Bros. Discovery Sports, which reports to the CEO. Lenny Daniels, president, Turner Sports and Patrick Crumb, president of regional sports networks, will announce this position.
Zaslav and Wiedenfels have set a goal of at least $ 3 billion in annual costs for the merger.