DC Comics parent company, WarnerMedia laid off 600 employees today including key executives Jeffrey R. Schlesinger President, Warner Bros. Worldwide Television Distribution; Ron Sanders, President, Worldwide Theatrical Distribution & Home Entertainment and EVP, International Business Operations; and Kim Williams, EVP and Chief Financial Officer, Warner Bros. Entertainment. It’s a major restructuring and it’s only a matter of time until they get to DC Comics and several layoffs are reported to be happening at DC Comics soon. Here’s my take!
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"Product Geek" Jason Kilar Brings Streaming Focus to Top WarnerMedia Role
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WarnerMedia Begins Layoffs In Latest Streamlining Effort
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Jeffrey Schlesinger, Ron Sanders & Kim Williams Among Top Executive Departures In WarnerMedia Layoffs
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Layoffs got under way Monday at WarnerMedia, with about 600 staffers departing the company, sources told Deadline.
The reductions from a workforce of about 25,000 follow major changes announced late Friday by WarnerMedia CEO Jason Kilar. Among the senior-level employees exiting the company are Jeffrey R. Schlesinger, President of Warner Bros Worldwide Television Distribution; Ron Sanders, President of Worldwide Theatrical Distribution & Home Entertainment; and Warner Bros Entertainment CFO Kim Williams.
Advocating a shift toward consumer-facing operations and away from wholesale, Kilar unveiled a new executive structure, telling Deadline that “tough decisions” lay ahead in regard to staffing. The new setup expands the purview of former Warner Bros chief Ann Sarnoff, HBO programming boss Casey Bloys and WarnerMedia direct-to-consumer head Andy Forssell. Entertainment chairman Bob Greenblatt and HBO Max/TNT/TBS overseer Kevin Reilly have departed the company, along with communications and marketing exec Keith Cocozza, a 19-year company veteran.
The May 27 launch of HBO Max is at the center of the changes. Parent company AT&T announced last month it had drawn 4.1 million sign-ups in its first two months and was on pace to hit internal targets for growth over five years. Customer confusion over who is eligible get HBO Max, given the existence of multiple HBO-branded offerings in the market, has clouded the launch. The service is also not available through Roku of Amazon Fire TV. Those two distributors reach more than 80 million U.S. homes.
