WarnerMedia Takes $960M Pandemic Earnings Hit, AT&T Loses 627,000 Video Subs

Mike Fleming Jr Co-Editor-in-Chief, FilmJP Richards will leave his post as co-president of Worldwide Marketing at Warner Bros, another casualty of the restructure of WarnerMedia. Richards is a six year veteran at the studio.

Nellie Andreeva Co-Editor-in-Chief, TVWarnerMedia CEO Jason Kilar addressed company employees at a virtual town hall meeting today, which followed the latest round of layoffs at the media company yesterday.Kilar, flanked by James Cummings, EVP and Chief Human Resources Officer; and Christy Haubegger, EVP and Head of Marketing & Communications, opened the hourlong meeting by acknowledging Veterans Day and paying homage to those who have served the country, sources said.Through some technical

Mike Fleming Jr Co-Editor-in-Chief, FilmEXCLUSIVE: Jim Gallagher will be leaving his post at Warner Bros as Executive Vice President of Marketing Animation and Family films as part of the ongoing restructuring at WarnerMedia.

WarnerMedia is laying off employees today as part of its ongoing reorganization to cut costs amid the coronavirus pandemic and reorient its business around streaming. The cuts, which are expected to hit its North American business units, come after newly installed CEO Jason Kilar announced in August a comprehensive reorganization that would consolidate its content divisions under Warner Bros.

Daniel Holloway Executive Editor, TVWarnerMedia has initiated a new round of layoffs.In a memo circulated Tuesday morning, CEO Jason Kilar wrote, “Today, we have arrived at a number of difficult decisions that are resulting in a smaller WarnerMedia team. This is a function of removing layers and the impact of consolidating previously separate organizations.

Dade Hayes Finance EditorA significant round of layoffs forecast last month at WarnerMedia is getting under way today. CEO Jason Kilar emailed staffers this morning, acknowledging the process is “painful” but also calling it a “critical” step in the AT&T division’s evolution.The entertainment operation has seen multiple staff reductions since the acquisition of Time Warner closed in 2018.

WarnerMedia layoffs are underway, CEO Jason Kilar revealed to employees in an email on Tuesday. TheWrap has obtained that internal memo.Kilar is holding a town hall meeting tomorrow to discuss the reorg with staff.“Today, we have arrived at a number of difficult decisions that are resulting in a smaller WarnerMedia team,” he wrote.

Nick Vivarelli International CorrespondentBarbara Salabè, the top Warner Bros. executive in Italy, has been promoted to country manager Italy, Spain, and Portugal, Priya Dogra, president of WarnerMedia for Europe, the Middle East and Africa and Asia-Pacific has announced.Salabè joined Warner Bros.

Jill Goldsmith Co-Business EditorWarnerMedia parent AT&T today named former FCC chairman William Kennard chairman of the telecom giant’s board effective in January when current chair (and former CEO) Randall Stephenson retires.AT&T announced its plan to elect an independent chairman when Stephenson, who held both positions since 2007, stepped down in April. COO John Stankey stepped up as CEO in July.

James Argent is charging fans £83 for personalised video after his company lost over £60,000 this year.The 32 year old is the latest celebrity to sign up to Cameo, a service which allows you to request messages from your favourite celebrities.

Lil Pump has lost 300,000 Instagram followers after endorsing Donald Trump in the US presidential election.The Florida rapper, whose real name is Gazzy Garcia, spoke to a crowd of Trump supporters in Grand Rapids, Michigan on Monday evening (November 2), and was hailed as “one of the big superstars of the world” by the current POTUS.He has since shared multiple posts from the evening to his official Instagram account, while also changing his name on the platform to ‘Lil Pimp’ – a nod to Trump’s

James Argent's company has "zero cash in the bank" after he has suffered a hellish year.The 32 year old has spent the majority of the year in and out of rehab after suffering two overdoses and confessing to being a "cocaine addict". His on-off relationship with Gemma Collins also seemed to finish for good in July, although the pair were spotted reuniting for dinner last week.

Peter White Television EditorLate-night hosts including Stephen Colbert, Jimmy Kimmel, Jimmy Fallon, Seth Meyers, Conan O’Brien, Trevor Noah and Samantha Bee all urged patience as the ballot-counting process continues.While they were all talking earlier today, ranging between 11am to 5pm, the message remains as voters wait for ballots to be counted in key states including Arizona, Nevada, Georgia and Pennsylvania.The Tonight Show’s Jimmy Fallon said today felt like “waking up with a hangover and

Married At First Sight's Martha Kalifatidis is all about body positivity whether she's wearing clothes or not, but the 31-year-old influencer has admitted that whenever she uploads a nude photo to Instagram, she sees a dip in her followers.WATCH BELOW: Martha Kalifatidis on the set of Celebrity ApprenticeIn a chat with Kyle Sandilands and Jackie O on their KIIS FM breakfast radio show to promote her new reality TV venture on Celebrity Apprentice, the former MAFS bride confessed that her more

Jill Goldsmith Co-Business EditorAT&T said Monday it completed the sale of its wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands to Liberty Latin America, taking in $1.95 billion.

Telecom giant Verizon on Wednesday reported that it lost 61,000 net pay TV subscribers for its FiOS consumer video service in the third quarter, compared with a loss of 67,000 in the year-ago period and a loss of 81,000 in the second quarter. As it has done in the past, the company cited "the ongoing shift from traditional linear video to over-the-top offerings." It ended September with more than 3.9 million total video subscribers.

The movie making engine of WarnerMedia is getting overhauled. Warner Max, the feature arm of HBO Max that was to be jointly run by HBO Max and Warner Bros., is being phased out, with Warners and its sister division New Line Cinema now becoming the sole producers.

Meghan Markle and Prince Harry are cherishing each moment they’ve gotten to spend with their baby boy, Archie, amid the coronavirus pandemic.The Suits alum, 39, and the prince, 36, opened up about the ways in which the global health crisis has flipped their lives upside down while introducing the TIME 100 “Engineering a Better World” speaking series.

Todd Spangler NY Digital EditorAre we there yet?WarnerMedia is bringing its premium video programming to bored kids and other road-weary passengers through WarnerMedia Ride, a new video service for smartphones and tablets connected to in-car Wi-Fi hotspots connected to AT&T’s wireless network — available at no extra cost.Content in WarnerMedia Ride includes news and sports programming from Bleacher Report, Boomerang, Cartoon Network, CNN, TBS, TNT and other brands.

AT&T Inc. CEO John Stankey has defended moves by the telco and media giant to reorganize the management team at WarnerMedia to put a priority on creating and distributing content for streaming.