John Stankey Thanks WarnerMedia Staff in Heartfelt Farewell: ‘The Road Wasn’t Easy or Clear’

Michael de Luca, the motion picture group chairman, and Pamela Abdy, the motion picture group president, have both been let go at the company. Remaining MGM leadership says the pair resigned.De Luca had recently made overtures to David Zaslav about coming to Warner Bros.

The new Warner Bros. Discovery leadership is starting to unify its policies across the two parts of the company. I hear that Adria Alpert Romm, chief people and culture officer, sent an email this morning to WarnerMedia employees about the implementation of a new hybrid work schedule.

Matt Donnelly Senior Film WriterThe trade organization representing American movie theater owners isn’t gloating about Netflix’s recent stock misfortunes — they’re opening their arms, they say.At CinemaCon, the annual Las Vegas convention of theatrical exhibitors, leadership from the National Association of Theatre Owners touched on Netflix’s recent subscriber losses and subsequent jaw-dropping $54 billion loss in market cap.Netflix’s sign of softening brought a screeching halt to the prevailing industry logic that going all-in on streaming investment was the way to please shareholders. While some speculated this would benefit traditional theatrical releases, Warner Bros.

Theatrical windows are back as the pandemic wanes, and National Association of Theatre Owners President and CEO John Fithian was unabashed to underscore that.

millions of paying customers may cancel in the months ahead.In the first earnings report since Discovery’s $43 billion acquisition of the iconic Warner Bros. studios, the entertainment giant reported the former Discover business reported that profit increased to $456 million, compared with $140 million, in the year-ago period , while revenue jumped 13% to nearly $3.2 billion.

AT&T CEO John Stankey said managing passwords is a key to long-term sustainability in the streaming business and something he and his team had in mind well before HBO Max launched. He made the comments on a call with analysts following AT&T’s latest earnings and two days after Netflix revealed that 100 million viewers use its service for free by sharing passwords.

Warner Bros. Discovery CEO David Zaslav brought out the big guns during his address to the new company at its first global town hall for employees Thursday.The newly merged company brought out its most famous employee, Oprah Winfrey, to moderate the event and to help introduce Zaslav to Hollywood.Winfrey is a longtime supporter of the media mogul, who has championed the Oprah Winfrey Network (OWN) — a cable channel jointly jointed by Warner Bros. Discovery and Harpo Studio — alongside her since its launch in 2011.

David Zaslav hasn’t wasted time in making significant changes at WarnerBros Discovery and many on this side of the Atlantic are now wondering what happens in the international ranks, where the combined studios have thousands of staff.

closed on Friday.Zaslav’s travel agenda will take him to WarnerMedia’s global headquarters in New York on Monday, Warner Bros. offices in Atlanta on Tuesday, WarnerMedia/HBO offices in Culver City on Wednesday, and concluding with a town hall at WarnerMedia offices on the iconic Warner Bros. Studios lot in Burbank, according to the individual.

In one of the most head-scratching reporting changes under the new Warner Bros. Discovery leadership, Chip and Joanna Gaines’ Magnolia Network has moved from the Discovery to the Warner Bros. side of the company under HBO and HBO Max Chief Content Officer Casey Bloys. Upon closer examination, the move, which could lead to a Magnolia-branded hub on HBO Max and the Gaines’ dipping their toe in scripted programming, is not that shocking. It just took the couple two mergers and three relationships to get there.

according to CNN.Discovery stakeholders had approved the deal in mid-March.The merger will place AT&T’s Warner Bros., CNN, Turner and Discovery’s stable of nonfiction networks squarely under one roof — as well as two currently competing streaming services, Discovery+ and HBO Max, possibly giving the combined entity a fighting chance of moving into competition with Netflix and Disney+ among the leading streaming services.The deal also combines WarnerMedia’s U.S. sports rights like the NBA, MLB and March Madness with Discovery international sports giant Eurosport.

Jennifer Maas TV Business WriterDiscovery completed its $43 billion acquisition of WarnerMedia from AT&T on Friday to form new company Warner Bros. Discovery.WarnerMedia owns HBO, HBO Max, CNN, Warner Bros., DC Films, New Line Cinema, TBS, TNT, TruTV, Cartoon Network/Adult Swim, Turner Sports and Rooster Teeth, among other brands, and is part owner of the CW Network along with Paramount.Discovery is the parent of Discovery Plus, Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, Turbo/Velocity, Animal Planet, Science Channel and OWN (Oprah Winfrey Network).Here is the new leadership structure for Warner Bros.

Jennifer Maas TV Business WriterWarner Bros. Discovery is not going with the “initial wordmark” revealed last June as its official logo.Variety has obtained a low-res copy of a new logo that is being circulated on internal memos at Discovery and WarnerMedia Friday, ahead of the expected close of the merger transaction later today.Discovery did not immediately respond to request for comment on the Warner Bros.

Brent Lang Executive Editor of Film and MediaAs Discovery closes its deal for WarnerMedia, John Stankey, the AT&T chief who oversaw the telecom company’s abandoned foray into the media world, bid farewell to his soon-to-be former colleagues. Stankey led AT&T’s acquisition of DirecTV and Time Warner in 2015 and 2018, before replacing Randall Stephenson as CEO role of AT&T in July 2020.“My respect and appreciation for those I have worked closely with is enduring, and I will miss continuing to learn and problem solve with you,” Stankey wrote.

AT&T CEO John Stankey, who decided last spring to spin off WarnerMedia into a $43 billion merged entity with Discovery, has sent a bouquet to WarnerMedia staff as the deal gets set to close.

Jennifer Maas TV Business WriterChip and Joanna Gaines’ Magnolia Network will move under HBO’s purview upon the completion of Discovery’s acquisition of WarnerMedia, which will result in the launch of Warner Bros. Discovery Monday, Variety has learned exclusively.Allison Page, president of Magnolia, which is a joint venture between the Gaineses and Discovery, Inc., will report directly to HBO and HBO Max chief Casey Bloys.

EXCLUSIVE, UPDATED WITH MORE DETAILS: Less than 24 hours after CEO Jason Kilar, HBO Max boss Andy Forssell and Studio chief Ann Sarnoff were pink slipped from the about to disappear WarnerMedia, more executives were shown the door today.

Jennifer Maas TV Business WriterDiscovery is cleaning house among the top ranks at WarnerMedia ahead of the close of the two companies’ merger, which is expected to occur Friday, with six more executives shown the door Wednesday, Variety has learned.According to a WarnerMedia spokesperson, the newly cut WarnerMedia players include: Jennifer Biry – Chief Financial Officer, Jim Cummings – EVP, Chief Human Resources Officer; Tony Goncalves – EVP, Chief Revenue Officer; Christy Haubegger – EVP, Communications and Chief Inclusion Officer;  Jim Meza – EVP, General Counsel, WarnerMedia; and Richard Tom – Chief Technology Officer.Notably remaining with the soon-to-be-combined company, which will be renamed Warner Bros. Discovery and run by current Discovery CEO David Zaslav, is Gerhard Zeiler, president of WarnerMedia International, a source close to the internal leadership changes confirmed to Variety.

HBO Max executive vice president and general manager Andy Forssell is leaving WarnerMedia ahead of the close of the company’s merger with Discovery, which is now set to close as early as Friday, Variety has learned.News that Forssell is out the door comes just as sources confirmed WarnerMedia studios and networks group chairman and CEO Ann Sarnoff was informed on Tuesday by leadership that her position would be eliminated, and follows WarnerMedia CEO Jason Kilar’s resignation this morning.As Variety reported earlier Tuesday, though insiders previously said the transaction between Discovery and WarnerMedia’s current owner AT&T would be formally completed on April 11, leading to the creation of new company Warner Bros. Discovery, two sources with knowledge of the situation say the merger is now expected to potentially be finalized by the close of business Friday.

Ann Sarnoff, who has held a senior film and TV studio role at WarnerMedia for nearly three years, is departing the company ahead of its merger with Discovery.