6 Burning Questions After WarnerMedia’s Massive Restructure
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Do we have a new blueprint for how media companies will operate in the streaming era?
One day after WarnerMedia underwent a seismic shift, we’re still catching our breath.
On Friday, newly-minted CEO Jason Kilar shattered the traditional walls of the studio, television and premium cable divisions, rolled all content creation into one operation, while also creating a separate focus on HBO Max that places the nascent streamer at the forefront of its business strategy. Kilar’s moves came just one day after NBCUniversal made a similarly convention-shattering change.
Two highly respected executives, Bob Greenblatt and Kevin Reilly, were ousted. Andy Forssell, Ann Sarnoff and Casey Bloys were given more prominent roles, positioning them as Kilar’s new brain trust along with Jeff Zucker, who still heads up news and sports and was the only division left unaffected.