In the not-too-distant future, one of the biggest media mergers ever will become official with Discovery and Warner Bros joining forces to make one new major studio. This becomes official after the deal was first announced nearly a year ago and approved in December 2021 as it combines a couple of major players in the streaming game - HBO Max and Discovery+.
This unique deal, which totals nearly $43 billion, will allow viewers to visit one expansive streaming service featuring material that HBO Max and Discovery hosted individually. From the entire catalog of DC movies and TV shows to reality dramas and food-centric programming, it likely won't take long for Warner Bros. Discovery to make its presence felt alongside other competitors like Disney+ and Hulu.
Now that the merger is close to becoming final, there are sure to be some changes in upper management as the two staffs work out their places working alongside each other. That even comes at the very top of Warner Bros' food chain as the studio's former top executive now vacates the picture.
Major Shake-Up in Warner Bros. Merger
Variety revealed that Ann Sarnoff is being removed from her post as CEO and Chairwoman of WarnerMedia Studios and Networks. This comes on the heels of the recent merger between WarnerMedia and Discovery, which will be complete in the coming weeks.
Sarnoff was informed of this move today as her position was eliminated, with incoming CEO David Zaslav (the current President of Discovery) offering the following statement:
“I want to thank Ann for all of her leadership during a transformational period for the company and our industry. She has been a passionate and committed steward of the world’s most formidable creative engine and has led with integrity, focus and hard work in bringing WarnerMedia’s businesses, brands and workforce closer together."
Additionally, former WarnerMedia CEO Jason Kilar and HBO Max executive vice president and general manager Andy Forssell are getting ousted from their positions in light of the merger, also reported by Variety.
Warner Bros. In for Major Changes?
Ann Sarnoff had been in her position at WarnerMedia for nearly three years, serving as the executive that other major players such as head of the WB motion picture group Toby Emmerich report to. While this merger seems to force Sarnoff to vacate her position involuntarily, her expertise speaks volumes if she wants to take on a similar position with one of the other big players in entertainment media.
The big question now is how this will affect the future for Warner Bros. and Discovery alike, particularly with so many major projects from franchises like the DCEU under Sarnoff's eye.
This year alone will bring Black Adam and Aquaman and the Lost Kingdom while Ezra Miller's The Flash is set to be next summer's huge blockbuster entry for Warner Bros. There will also be more competition for HBO Max shows like Peacemaker now that all the material from Discovery will stream directly alongside it, giving fans countless options for entertainment.
Although the merger is inching closer to completion, it will be some time until the executive situation is settled out, especially with players as big as Sarnoff exiting the picture. The hope is that this will all work to the benefit of fans, who look forward to an exciting round of new content coming from an even bigger production company.