Warner Bros. Discovery CEO David Zaslav Earned $39.3 Million in 2022

EXCLUSIVE: Harry Gamsu is heading back to Warner Bros. Discovery.

EXCLUSIVE: In the Heights and Transformers star Anthony Ramos looks to have found another big franchise as sources tell Deadline he is in talks to join Twisters, a new chapter to the 1996 box office hit, for Amblin Entertainment and Universal Pictures. Daisy Edgar-Jones and Glen Powell are also on board.

The last time the parent company of Warner Bros and HBO promoted the launch of a streaming service, it faced the once-a-century challenge of the coronavirus pandemic.

John Oliver greeted the Last Week Tonight viewers by taking a swing at “business daddy” Warner Bros. Discovery after announcing the rebranding of HBO Max to Max.

Warner Bros. Discovery CEO and President David Zaslav, just a day after revealing details of the new combined streaming service Max, joined industry titans Steven Spielberg and Paul Thomas Anderson to tout another area close to the heart of the studio he now heads: the importance of restoring and preserving Warner Bros.’ rich legacy of film classics, especially as it heads into its 100th anniversary year. Appearing on stage at the opening night of the 14th TCM Classic Film Festival with Spielberg and Anderson in a conversation moderated by TCM host Ben Mankiewicz, Zaslav — who previously stated his belief in the theatrical experience and a return to that after 2021’s much-derided day-and-date release model under past CEO Jason Kilar — made it clear that the studio’s commitment to the preservation and well-being of the studio’s rich library will be a priority in his administration. (Turner Classic Movies is a cable channel under the WBD umbrella.)

Warner Bros. Discovery disappointed the children’s TV industry last year when it pulled a number of shows from HBO Max, signaling an exit from this part of the business.

Although an introductory video at Wednesday’s Warner Bros Discovery streaming event included clips of NBA star LeBron James and CNN host Anderson Cooper, the rest of the presentation was strikingly sports- and news-free.

It’s a good move. The “HBO” brand is associated with some of the worst content ever: Sopranos, The Wire, Band of Brothers, Game of Thrones, Curb Your Enthusiasm, Veep, Deadwood and Silicon Valley.Good riddance.

separate, lower-priced service. The company also plans to launch a free, ad-supported streaming service this year.

Cynthia Littleton Business Editor Warner Bros. Discovery shares were down 6% at the close of trading Wednesday, on the heels of the company’s expansive presentation of its plans to overhaul the HBO Max streamer. WB Discovery shares have been battered over the past year as the company dealt with post-merger cost-cutting and management realignment. On Wednesday, the stock fell 5.8% to $14.05 on what was a down day overall for the market and a down day for most of WB Discovery’s media rivals, including Disney (down 2.5%), Paramount Global (3.3%) and Netflix (down 2%). The Dow Jones index fell a modest 38.2 points while the Nasdaq dropped 102 points, or 1%. The hourlong WB Discovery presentation was held during trading hours, at 10 a.m. PT on the Warner Bros. lot in Burbank. Wall Street’s verdict on WB Discovery’s plans is still not in, but the immediate reaction of investors indicates that the company still has a long road ahead in sorting out its profit centers in the age of streaming.

Max streaming service, the CEO says that his company is hoping for the best but prepared for the worst as a potential writers strike in Hollywood looms ever closer. “Everybody needs to feel fully valued from start to finish. I think our objective, that everybody gets fairly compensated for the work that they do,” Zaslav said at a press conference Wednesday on the Warner Bros.

“The Big Bang Theory” is approved for additional funding.

“This is our time. This is our chance,” Warner Bros. Discovery CEO David Zaslav said today in his livestream intro for the company’s unveiling of Max, its rebranded streaming service that goes live May 23. “This is our rendezvous with destiny.”

“We’re optimistic that we can that we can get through this in a way that’s fair to all parties,” said Warner Bros Discovery CEO David Zaslav today of  negotiations between the Writers Guild and the studios and risk of a strike by the scribes.

As rival motion picture studios were becoming intoxicated on theatrical day-and-date releases tied to their streaming platforms during Covid, and big streamers like Netflix completely sidestepping wide theatrical releases, Warner Bros. Discovery CEO David Zaslav believed in the economics of the big picture.

Jennifer Maas TV Business Writer Warner Bros. Discovery finally revealed the plans (and confirmed the long-rumored name) for its new streaming service, Max, which will combine offerings from HBO Max and Discovery+ into one product, during a splashy press presentation on the Warner Bros. Studio lot Wednesday. The event kicked off at 10 a.m. at the iconic Burbank location, presided over by WBD CEO David Zaslav, president and CEO of global streaming and games JB Perrette, HBO and HBO Max CEO and chairman Casey Bloys (who now also has oversight of Chip and Joanna Gaines’ Magnolia Network), and U.S. networks group chairman and chief content officer Kathleen Finch. Variety is on the scene, ready to fill you in on all the details about the new streamer, Warner Bros. Discovery’s direct-to-consumer strategy, the future of HBO and the standalone version of Discovery+.

letter to Attorney General Merrick Garland and Assistant Attorney General Johanthan Kanter from Sen. Elizabeth Warren (D-Massachusetts), Rep. Joaquin Castro (D-Texas), Rep.

Four Democratic lawmakers want the Justice Department to investigate Warner Bros. Discovery, claiming that the merged company has harmed workers and reduced consumer choice.

Michael Schneider Variety Editor at Large In the 1950s, the motion picture industry wanted nothing to do with the young medium of television — but Jack Warner soon realized that was a losing battle. Warner Bros. was among the first to dive into TV production, when ABC approached the studio about acquiring a theatrical film package. But instead of just running films on TV, the result was “Warner Bros. Presents,” an umbrella series that debuted in 1955 and comprised programs based on existing intellectual property including “Casablanca” and “Cheyenne.” The success of “Cheyenne” ush- ered the era of the Western to televi- sion, as Warner Bros. (initially under Warner’s son-in-law, William T. Orr) brought a movie studio approach to the small screen. “There’s a spirit of independence and innovation that’s so much a part of the legacy of the studio,” says Warner Bros. TV chairman Channing Dungey. Other early Warner Bros. TV hits included “Maverick” and crime dramas such as “Hawaiian Eye” and “77 Sunset Strip.” That legacy continued with “The F.B.I.” and in the 1970s, sitcoms like “Alice” and “Wel- come Back, Kotter,” the Lynda Car- ter-led genre hit “Wonder Woman,” actioner “The Dukes of Hazzard” and the landmark miniseries “Roots.”

Cynthia Littleton Business Editor David Zaslav went office-furniture shopping when he moved into the executive building on the Warner Bros. lot last year. The new CEO of Warner Bros. Discovery had Jack L. Warner’s large dark-wood desk pulled out of storage for his use. He also found a leather legal pad holder once clutched by another of his predecessors at the storied studio: Steven J. Ross. Zaslav wanted these totems in his sunken workspace overlooking Olive Avenue in Burbank to show the formidable legacy, in business and in popular culture, he has inherited. “I wanted them to remind me that we need to show as much courage now in leading this business as the Warner brothers did in launching it one hundred years ago,” Zaslav says. As the studio marks the centen- nial of its incorporation as Warner Bros. Pictures Inc. (the official date is April 4, 1923), the company has never been more focused on using the wealth of intellectual property assets, the production expertise and the global distribution muscle built up over the past 100 years to power its second century. The vast Warner Bros. movie and TV library is the foundation of WB Discovery’s empire-building ambition to transition from traditional cable to direct-to-consumer streaming.