Warner Bros. Discovery & BT Sport Close Joint Venture Transaction

Warner Bros. Discovery announced the leaders of its diversity, equity and inclusion (DEI) team, with WarnerMedia UK SVP Asif Sadiq serving as its global chief officer.

Warner Bros Discovery has revamped its group focused on diversity, equity and inclusion and announced its new executive team.

EJ Panaligan editor Disney, Amazon Studios, Fox Corp., Warner Bros. Discovery and other major Hollywood players are pledging support for the Roybal Film and Television Production Magnet, a major educational outreach initiative championed last year by George Clooney and others. Paramount and NBCUniversal/Telemundo Enterprises are also signing on to become founding partners of the Los Angeles Unified School District magnet facility. These companies join previously announced founding partners History Channel/A+E Networks, Netflix and Sony Pictures Entertainment. The group has committed to providing more than $4 million in funding for the school, which opened in August with 150 students at the Edward G. Roybal Learning Complex in downtown Los Angeles.

Jennifer Maas TV Business Writer Warner Bros. Discovery enacted 100 layoffs Tuesday as part of a planned downsizing of the company’s ad sales departments that had been in the works since Discovery closed its merger with WarnerMedia in April, Variety has confirmed. These cuts are part of a previously reported and expected 30% reduction overall across the ad sales division, a sector of the merged company with many redundancies, in the coming weeks. However, not all of the exits will be layoffs, according to an individual with knowledge of the situation. An undisclosed number of those departures will be negotiated deals, while others will be retirements. The layoffs set in motion Tuesday are the latest in a string of moves made by Warner Bros. Discovery in an attempt to fulfill the promise made by CEO David Zaslav and his exec team to find $3 billion in cost-saving synergies in the first two years after the merger. The most high profile so far, aside from other layoffs within Warner Bros. Discovery, was the decision that “Batgirl,” the $90 million Warner Bros./DC movie starring Leslie Grace as Barbara Gordon/Batgirl, would not be released theatrically, on HBO Max, or anywhere else. 

Axios.Up to 30% of the combined sales teams of the merged company are expected to be cut. The move comes as Warner Bros. Discovery cleaned up Monday night at the Emmys and bested all other companies with the most Emmy wins.

German media giant ProSiebenSat.1 has struck a deal to pick up the remaining 50% stake in the German streaming service Joyn from Warner Bros Discovery.

Todd Spangler NY Digital Editor The blowback Warner Bros. Discovery received over its cancellation of “Batgirl” was “blown out of proportion,” according to CFO Gunnar Wiedenfels. Last month came word that “Batgirl,” the $90 million Warner Bros./DC movie starring Leslie Grace as Barbara Gordon/Batgirl, would not be released theatrically, on HBO Max, or anywhere else. WBD, formed formed earlier this year by Discovery’s acquisition of WarnerMedia, determined that taking a tax write-off for “Batgirl” made more financial sense than releasing it commercially. “To me, you know, it’s blown out of proportion a little bit, in terms of the attention externally,” said Wiedenfels, speaking Thursday at the Bank of America Securities Media, Communications & Entertainment Conference, regarding the “Batgirl” decision. “The focus is, on a go-forward basis here, we’re spending more than ever in the history of the two legacy companies on content. We’re continuing to make significant investments — [but] we’ll make them differently.”

Warner Bros. Discovery‘s surprising decision to shelve “Batgirl” early last month sparked controversy around the industry.

The surprising decision last month to shelve completed DC movie Batgirl was “blown out of proportion” by the press, according to Warner Bros Discovery CFO Gunnar Wiedenfels.

Brian Steinberg Senior TV Editor Karen Grinthal, a veteran ad-sales executive who has long represented cable’s Food Network and other properties to Madison Avenue, is set to retire from her post. Grinthal, who has worked at Scripps and then Discovery Communications for years, was recently named part of the new senior ad-sales executive team at Warner Bros. Discovery. Grinthal was named in July to be one of three top executives overseeing linear and digital sales for cable networks reporting in to Jon Steinlauf, head of U.S. ad sales for the company. Grinthal was assigned to supervise linear and digital sales and revenue for Food Network, TLC, TBS Entertainment, OWN, Cooking Channel, Cartoon Network and WB Syndication.

Eddie Redmayne To Be Honored With Zurich’s Golden Eye

Elsa Keslassy International Correspondent Warner Bros. Discovery (WBD) has unveiled its leaderships in the Nordics, including Pil Gundelach Brandstrup, who will be in charge of all content and planning across the region. Brandstrup will also continue leading content for Denmark. Other key appointments include Magnus Vatn, Axel Eriksson and Katja Santala who will continue as country content leads, with Lina Friman continuing to head up planning, reporting to Brandstrup. Roni Patel will be responsible for content licensing; Kasper Kryger will be responsible for the ad sales business in the region; Jesper Steenberg will be responsible for the new consolidated distribution team; Tore Fredrik Dreyer will head up distribution for theatrical, games and home entertainment; and Jessie Ross Skarvad will be responsible for marketing and publicity of theatrical, games and home entertainment.

Warner Bros. Discovery has set another of its European management teams, as Nordic chief Christina Sulebakk lays out the structure of her unit.

Warner Bros. Discovery’s David Leavy has inked a new three-year contract as Chief Corporate Affairs Officer with the David Zaslev-led media conglomerate, Deadline has confirmed.

K.J. Yossman Warner Bros. Discovery and BT Group have formed a joint venture combining the assets of BT Sport and Eurosport U.K. into an as-yet-untitled joint venture. Both WBD and BT hold a 50% stake each in the new venture and are equally represented on the board. The chair will be rotated between the companies, with the inaugural post held by BT, who have appointed Marc Allera, CEO of BT’s consumer division. Warner Bros. Discovery Sports Europe president and managing director Andrew Georgiou is also on the board and will lead the business. Although the transaction has been completed, BT Sport and Eurosport U.K. currently retain their individual identities and can continue to be accessed by viewers as normal. They will be merged at an unspecified date.

With all the drama surrounding Warner Bros. Discovery in recent months, particularly after CEO David Zaslav took over the company after its recent merger, it’s easy to forget that it wasn’t that long ago WarnerMedia (without Discovery) was battling plenty of controversy all on its own.

shelved a slew of animated projects amid steep cost-cutting at the company. Media giants like Netflix, Apple and Hulu are looking to scoop up the Bruce Timm and JJ Abrams-directed flick, which draws inspiration from DC Comic’s Batman franchise, according to The Hollywood Reporter. Entertainment site the Direct floated Disney as a possible bidder, too.

statement said. “I want to apologize to everyone that I have alarmed and upset with my past behavior.

Warner Bros. also announced that “House Party” and “Evil Dead Rise,” initially greenlit as HBO Max releases, will now be theatrical releases that hits the big screen in December 9, 2022 and April 21, 2023 respectively.