WarnerMedia CEO Departs One Week Before Discovery Merger

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AT&T Inc. WarnerMedia CEO Jason Kilar stepped down before Discovery, Inc. completed the acquisition of WarnerMedia, Variety reports. The transaction will be complete on April 11.

The departure was likely as Discovery chief David Zaslav looked to run the combined company, Warner Bros. Discovery.

Kilar became the CEO of WarnerMedia in April 2020, just as it looked to launch the streaming service HBO Max.

Kilar’s regime saw extensive executive shuffling and layoffs as it looked to reorient itself to fit a more streaming-centric future.

Kilar’s plan to release every film from Warner Bros.’ 2021 theatrical slate simultaneously on HBO Max, free-of-charge to subscribers to beat the pandemic inflicted theatre closure, was a massive industry shocker.

By Anusuya Lahiri

© 2022 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.

Benzinga

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