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The CEO of Warner Bros. Discovery ‘Not For Sale’ Says – The Hollywood Reporter

The CEO of Warner Bros.  Discovery ‘Not For Sale’ Says – The Hollywood Reporter

 


Warner Bros. Discovery hosted a company-wide global town hall on Wednesday, with CEO David Zaslav and his top creative aides discussing the current state of the company and their vision for where it should go.

Zaslav was joined in the room by HBO chief Casey Bloys, Warner Bros. film chiefs. Michael De Luca and Pamela Abdy and the head of Warner Bros. TV Channing Dungey, according to a participant.

The executives acknowledged the “disruption” and “difficulty that all media companies face” in the current environment, as well as the “challenges” associated with the integration of WarnerMedia and Discovery, noting that it is “difficult to say goodbye” to colleagues who left the company amid the reorganizations.

And Zaslav also pointed out that he and his team are committed to the long term as a “purely gaming content company” and aren’t thinking of any other deal, despite rumors of a sale down the line.

WBD is “absolutely not for sale,” Zaslav told attendees, pointing to the company’s strengths and “global reach.”

“We have everything we need to be successful,” Zaslav said.

Zaslav and the other top executives also touted their respective lines of business, with HBO and HBO Max receiving a shoutout for the recent Dragon House launch.

In fact, Zaslav touted WBD’s traditional linear television business to help the game of thrones prequel succeeds, noting that the networks reach over 30% of Americans, giving them substantial impact.

At Warner Bros. TV, Dungey said that while his studio will sell quite a bit to HBO Max, it will also continue to sell to other outlets and platforms, specifically calling the success of Abbott Elementary School on ABC (which WBTV produces) as an example of what the company can offer third parties.

On the cinema front, De Luca and Abdy said they are focused on building a comprehensive slate of films, aiming to release 15-20 films in theaters per year, spanning all genres, including romantic comedies, more traditional comedies, gangster movies, and other genre features that have largely been relegated to streaming in recent years.

They also want to make sure the Warner Bros film studio is a place creatives want to work with.

Town Hall is the first event to feature Zaslav and all of his top creative aides since the WarnerMedia-Discovery merger in April. Since that time, he added De Luca and Abdy, and began the process of merging the two companies. And Zaslav is looking for an executive to lead his DC Comics division, to make the brand a serious competitor to Marvel Studios.

The company says it will merge HBO Max and Discovery+ in 2023, though many details are yet to be determined.

But there’s also been speculation in Hollywood that the company may just be trying to get its ship in order so it can be resold as early as 2024 (due to the complicated structure of the merger, the company can’t search for a large-scale agreement like this before).

Zaslav’s mayoral comment was clearly aimed at tempering that speculation.

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2/ https://www.hollywoodreporter.com/business/business-news/warner-bros-discovery-not-for-sale-david-zaslav-1235229267/

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