WarnerMedia Purge Continues Ahead Of Discovery Merger: EVP Corp Comm Christy Haubegger, EVP General Counsel Jim Meza, EVP HR Jim Cummings, CFO Jennifer Biry & More

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.

After months of waiting, following the major announcement back in May 2021, Warner Bros. has officially merged with Discovery, creating the aptly titled new company Warner Bros.

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.

The final bow has been placed atop the $40 billion merger of WarnerMedia and Discovery, forming one of the largest pure content players in the media business.

Discovery and WarnerMedia have closed their $43 billion merger, creating a top-scale media player and streaming contender and ending an ill-fated foray into entertainment by AT&T.

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.

Todd Spangler NY Digital EditorWarnerMedia and Discovery are on the cusp of officially closing their deal. With the change in leadership at the new Warner Bros. Discovery, will there be pricing changes for the new conglomerate’s flagship HBO Max streaming service?Insiders say there aren’t any immediate plans to alter HBO Max’s pricing scheme — in the U.S., it currently costs $14.99/month without ads, the same as it did when the service debuted in May 2020, and $9.99/month with ads.Similarly, it’s likely that Discovery Plus will remain at $6.99/month without ads and $4.99/month with ads for the time being.

stepped down this week], and the entire WarnerMedia leadership, for leading this remarkable evolution through some of the most unprecedented times …. I am delighted to observe the progress and success you have enjoyed, and I am confident you will transition to this next chapter with even more opportunity. I offer my heartfelt thanks.”AT&T battled stiff regulatory resistance to acquire Time Warner in 2018, only to spin it off in a $43 billion deal with Discovery, whose shareholders approved the merger last month.

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.

The hello tour for the Discovery and WarnerMedia merger is set to begin as early as Monday, Deadline hears, with multiple meet and greets planned across the country that will culminate with a town hall later in the week.

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.

previously reported would be expected to kick off his tenure with in many ways a clean sweep of the top executives and replace with his own execs. More to come…

In a bloodbath Tuesday at WarnerMedia before the Discovery merger, add HBO Max Head Andy Forssell to the list of exiting executives. He joins WarnerMedia studios and networks group chairman and CEO Ann Sarnoff and WarnerMedia CEO Jason Kilar.

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.

WarnerMedia studios and networks group chairman and CEO Ann Sarnoff is exiting her post, sources tell Variety.Sarnoff was informed by leadership on Tuesday that her position would be eliminated, one insider said. The ground is shifting rapidly for executives and other divisions at the media giant as it nears completion of its merger with Discovery.“I want to thank Ann for all of her leadership during a transformational period for the company and our industry. She has been a passionate and committed steward of the world’s most formidable creative engine and has led with integrity, focus and hard work in bringing WarnerMedia’s businesses, brands and workforce closer together,” said David Zaslav, the incoming CEO of the merged Warner Bros.