Warner Bros. Discovery Leadership Set – Deadline

With the expected closure of the $ 43 billion WarnerMedia-Discovery merger tomorrow, the new company’s management structure has been determined.

David Zaslav, CEO of Discovery since 2007, will hold the same title at the merged company. He has set up JB Perrette to oversee streaming (in a larger version of his role at Discovery), while senior unwritten programming director Kathleen Finch will oversee all linear networks. Toby Emmerich, Casey Bloys and Channing Dungey, executives of Warner Bros. Pictures, HBO and Warner Bros. TV, respectively, all remain in place. Bruce Campbell, Discovery’s chief executive (an important role in light of billions in freight rates and complex streaming contracts in his field) has been given a similar job at the new company.

Finch, a former soldier of Scripps Networks Interactive and a former online news producer who joined Discovery after the company acquired Scripps in 2018, was widely expected to rise. significant impact in the new unit.

Deadline announced a month ago that Discovery’s senior brain fund would fill the new executives of the new company, which does not really surprise the day’s official announcement. Many members of Zaslav’s senior team, including Perrette, also worked alongside him on NBC.

The hiring follows a move earlier this week by several senior WarnerMedia executives, including Jason Kilar, CEO, Andy Forssell, CEO of Stream and Ann Sarnoff, chairman of the studio and network. Although the idea of ​​a Kilar equivalent has long been abandoned in the new organization, there are questions as to whether a new boss will take on a role similar to Sarnoff’s, taking care of both the film and television studios. Zaslav has indicated that he intends to be smart, although he has never handled such a large amount of real estate in the script field.

AT&T, which bought Time Warner for $ 85 billion in 2018 and rebranded it as WarnerMedia, decided to quit the entertainment industry just three years later. In May 2021, AT&T CEO John Stankey and Zaslav enchanted the industry by secretly unveiling their proposed combination.

Cost savings are a dominant factor in all decisions about the new company’s implementation plan. Discovery has pledged $ 3 billion in savings from the new company and will be under pressure from Wall Street to reduce its debt burden, which will amount to tens of billions.

Perrette, former CEO and CEO of Discovery Streaming and International, will take over as CEO and president of Warner Bros. Discovery Global Streaming and Interactive Entertainment. He will be responsible 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 Perrette.

Gerhard Zeiler will be president of the international organization, the same role as WarnerMedia. For direct consumer policy and international distribution, Zeiler and his team will have a dotted line to Perrette, according to an official announcement.

Finch will play the newly formed role of Chairman and Chief Executive Officer, US Networks Group, a new group consisting of more than 40 US networking companies. Nancy Daniels, chief executive of Discovery Factual Networks, will be in charge of Finch, as will Brett Weitz, chief executive of TBS, TNT and truTV, and Tom Ascheim, president of Warner Bros. Global Kids, Young Adults and Classics, online side of their responsibility. Finch will oversee the Discovery Lifestyle Networks.

Campbell will take on the new role of Chief Tax Officer and Strategic Director, with responsibility for U.S. advertising sales, distribution revenue, and licensing of content; international business development and strategy; international streaming platforms; and the company’s legal affairs. He previously served as Director of Discovery’s Development, Distribution and Law.

Among Warner veterinarians, Dungey continues as chairman of Warner Bros. Television Group; Bloys continues as chief executive of HBO and HBO Max; and Emmerich continues as chairman of Warner Bros. Pictures Group, which is responsible for Warner Bros. Pictures, New Line Cinema, DC-based movies and Warner Bros. Feature Animation.

Among the Elders of Discovery aboard Warner Bros. Discovery are Gunnar Wiedenfels, who will continue as CFO; Savalle Sims, continuing as general counsel, announced Campbell; Lori Locke, Chief Accountant, reports to Wiedenfels; and Adria Alpert Romm, Head of People and Culture.

David Leavy will be the Executive Director of Corporate Affairs and will oversee corporate relations, international government relations and public policy, corporate marketing, international relations, corporate research, events and corporate social responsibility.

Another key figure in the operation is not the property of Discovery: Chris Licht, formerly of CBS and MSNBC, was appointed chairman and CEO of CNN Global following the departure of Jeff Zucker earlier this year.

“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. “

  • Adria Alpert Romm will serve as Head of People and Culture, having served in the same role at Discovery, Inc.

  • Bruce Campbell will take on the new role of Chief Tax Officer and Strategic Director, with responsibility for advertising sales in the United States, distribution revenue and licensing of content; international business development and strategy; international streaming platforms; and the company’s legal affairs. He previously worked as Head of Development, Distribution and Law at Discovery.

  • Toby Emmerich continues as Chairman of Warner Bros. Pictures Group, responsible for Warner Bros. Pictures, New Line Cinema, DC-based movies and Warner Bros. Feature Animation.

  • Kathleen Finch will take over the newly formed role of Chairman and Chief Executive Officer, US Networks Group, a new group consisting of more than 40 of the company’s US networks. Nancy Daniels, chief executive of Discovery Factual Networks, will be in charge of Finch, as will Brett Weitz, chief executive of TBS, TNT and truTV, and Tom Ascheim, president of Warner Bros. Global Kids, Young Adults and Classics, online side of their responsibility. Finch will oversee the Discovery Lifestyle Networks.

  • David Leavy will be the Executive Director of Corporate Affairs and will oversee key business and group activities, including Corporate Relations, International Government Relations and Public Policy, Corporate Marketing, International Relations, Corporate Research, Events and Corporate Social Responsibility.

  • Lori Locke will hold the position of Chief Accountant, a position she held at Discovery. Locke will report to CFO Gunnar Wiedenfels, whose role was previously announced.

  • JB Perrette, former CEO and CEO of Discovery Streaming and International, will take over as CEO and president of 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 Perrette.

  • Savalle Sims will continue as chief consultant, a position she held at Discovery, which is part of Campbell.

  • Gunnar Wiedenfels will continue as Chief Financial Officer, as previously announced. In addition to managing finances, he will oversee the company’s technical operations worldwide as well as real estate and facilities.

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