AT&T steps up search for new Warner Bros studio chief

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[LOS ANGELES] Warner Bros movie-division head Toby Emmerich is among the candidates to lead the entire studio as parent AT&T Inc seeks a successor to ousted chief executive officer Kevin Tsujihara, according to people with knowledge of the matter. Read more at The Business Times.

AT&T took over the Warner Bros film and TV studios, along with HBO, CNN and other cable networks, with its US$85 billion purchase of Time Warner Inc. Mr Tsujihara's surprise exit has complicated efforts to reorganise the businesses, now known as WarnerMedia.

John Stankey, head of AT&T's WarnerMedia, has begun reaching out to individuals who could replace Mr Tsujihara, who left in March after having a sexual relationship with an actress seeking movie roles at the studio. Stacey Snider, former film chief for 21st Century Fox, isn't currently in the running, said the people, who asked not to be identified because the matter is private. A decision could come in weeks, one of the people said.

AT&T took over the Warner Bros film and TV studios, along with HBO, CNN and other cable networks, with its US$85 billion purchase of Time Warner Inc. Mr Tsujihara's surprise exit has complicated efforts to reorganise the businesses, now known as WarnerMedia. Mr Stankey had expanded Mr Tsujihara's portfolio to include children's cable networks such as the Cartoon Network just as the scandal hit.

The company lost other high-profile executives in the transition, including HBO leader Richard Plepler, and David Levy, who oversaw TNT, TBS, CNN and other cable channels. AT&T has begun cutting jobs at WarnerMedia, though Mr Stankey has said they won't be sweeping. Last month, he named former NBC executive Bob Greenblatt to oversee the cable networks.

Source: News Formal (newsformal.com)

 

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