Conglomerate AT&T organized an internal cleaning in WarnerMediawhich affected the studio Warner Bros., publishing house Dc comics, streaming service Dc universe etc. Many key figures were caught in the cuts.
It became clear back in spring that personnel changes in the structure were inevitable, but no one knew how it would be implemented. The decision is directly related to the conglomerate’s colossal debt of over $ 150 billion. In this regard, shareholders and investors demanded from AT&T to begin a sale of property, which the management actively opposed.
The second reason for the purge was the revision of the strategy, because now the main stake is on the development of the streaming platform HBO Max… As a result, the following top managers were fired:
- chairman WarnerMedia Entertainment Robert Greenblatt;
- the president TNT, TBS and truTV Kevin Reilly;
- CFO Warner Bros. Kim Williams;
- the president Warner Bros. Worldwide Television Distribution Jeff Schlesinger;
- chapter Warner Bros. Worldwide Theatrical Distribution and Home Entertainment, as well as executive vice president of international business operations Ron Sanders…
Ordinary employees also fell under layoffs. The main blow fell on the areas responsible for cable television and marketing.
A serious blow was dealt to Dc comics… This should come as no surprise given the dire situation in the comic book market. According to preliminary data, a third of the editorial staff were left without work.
As for the top managers, the chairs were vacated:
- Chief Editor Bob Harris;
- senior article editor Brian Cunningham;
- curated a series of graphic novels Black label executive editor Mark Doyle;
- Senior Vice President, Publishing Strategy and Support Hank Canals;
- VP of Marketing and Creative Services Jonah Weiland;
- Vice President, Global Publishing Initiatives and Digital Strategy Bobby Chase…
However, Jim lee remains Chief Executive Officer.
In addition, most of the employees of the streaming service launched in 2018 were fired. Dc universe (“Titans“,”Doom PatrolAccording to insiders, the platform was sentenced to death at the start, given AT&T’s decision to bet on the development of HBO Max.
The company that had been operating for 22 years was closed DC Direct, which was responsible for the production of merchandise and collectibles. The powers of the unit were transferred Warner Bros. Consumer Products.
Most likely, this is not a complete list of victims. AT&T officially announced last week that it decided not to sell its gaming division. Warner Bros. Interactive Entertainment… However, corporate emails sent out to employees clearly hinted that in-house studios would also have to prepare for a wave of layoffs.
The cleaning took place just weeks before the online presentation DC FanDome 2023, which should talk about new comics, films, TV shows, games and other products based on DC Comics characters.
See also: Superman will be in trouble: Rocksteady Studios announced the game Suicide Squad
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