AT&T’s WarnerMedia begins new round of layoffs amid reorganization
4 years, 1 month ago

AT&T’s WarnerMedia begins new round of layoffs amid reorganization

LA Times  

WarnerMedia is being hit with deep job cuts this week as Chief Executive Jason Kilar makes sweeping changes to the AT&T-owned entertainment company. The cuts come after WarnerMedia in August shed about 600 workers, primarily from its Burbank-based Warner Bros. studio, known for “Wonder Woman,” “The Big Bang Theory” and the Harry Potter movie franchise. Departing high-level studio executives in that round included Warner Bros. motion picture distribution chief Ron Sanders, worldwide television distribution chief Jeffrey Schlesinger and Chief Financial Officer Kim Williams. Warner Bros.’s superhero sequel “Wonder Woman 1984” is still planned for a Christmas theatrical release, but its position is precarious without cinemas open in Los Angeles and New York.

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History of this topic

Layoffs: US Media Giant TelevisaUnivision To Slash 120 Jobs, Says Report
3 weeks ago

Layoffs: US Media Giant TelevisaUnivision To Slash 120 Jobs, Says Report

ABP News  

US-Mexico media giant TelevisaUnivision is planning to slash 120 jobs as part of a major restructuring program this week, media reports said. The report by AFP cited sources in the know and said that company’s CEO, Daniel Alegre announced plans to restructure the organisation in a memo to staff on Monday. The group’s US local media chief Jesus Lara was …

What’s behind Hollywood’s latest wave of layoffs? The business is in reset mode
4 months ago

What’s behind Hollywood’s latest wave of layoffs? The business is in reset mode

LA Times  

Editor’s note: Wide Shot will be off next week, with Hollywood Inc. senior editor Ryan Faughnder taking vacation. As part of that effort, the struggling media giant closed down Paramount Television Studios, the unit responsible for streaming shows such as “Reacher” and “The Offer.” Up to 30 people employed by the Nicole Clemens-led division lost their jobs as the group’s …

Media layoffs mount as CNN announces it will make cuts this week
2 years ago

Media layoffs mount as CNN announces it will make cuts this week

LA Times  

CNN employees are in for a rough week as the news network’s chief, Chris Licht, told staff to prepare for a round of layoffs. Like the rest of the traditional TV business, CNN is also looking at a future with slowed growth in pay-TV subscription revenue and a softening advertising market. CNN is among a growing list of media entities …

It's the season of layoffs in Silicon Valley: 45,000 employees gone and it's not over yet
2 years, 1 month ago

It's the season of layoffs in Silicon Valley: 45,000 employees gone and it's not over yet

Firstpost  

Facebook parent Meta Platforms Inc is the latest to join the list of companies that have laid off employees in the recent months in Silicon Valley. Here are some of the major firms that have opted for the downsizing route in anticipation of recession New Delhi: Facebook parent Meta Platforms Inc. is the latest to join the list of companies …

AT&T to spin off and combine WarnerMedia with Discovery in deal that would create streaming giant
3 years, 7 months ago

AT&T to spin off and combine WarnerMedia with Discovery in deal that would create streaming giant

CNN  

New York CNN Business — The streaming TV race is about to get even more competitive. “AT&T would receive $43 billion in a combination of cash, debt securities, and WarnerMedia’s retention of certain debt,” Monday’s announcement said. At the time, Zaslav told CNN that discovery+ was a “great complement to someone who has Disney or Netflix, or HBO, Disney and …

Warner Bros. movies are heading to streaming. Is the studio changing forever?
4 years ago

Warner Bros. movies are heading to streaming. Is the studio changing forever?

LA Times  

The decision to release Warner Bros.’ 2021 films simultaneously on HBO Max and in theaters has angered many filmmakers, financiers, agents and theater owners, and deepened a partisan divide between old-school Hollywood types and tech futurists who believe the exhibition business is due for epic disruption. “What’s Warner Bros.’ cash flow going to be long-term if it basically becomes a …

AT&T chief defends HBO Max after Christopher Nolan calls it the ‘worst’
4 years ago

AT&T chief defends HBO Max after Christopher Nolan calls it the ‘worst’

LA Times  

AT&T Inc. Chief Executive John Stankey on Tuesday defended the company’s industry-shaking decision to put Warner Bros.’ entire 17-film slate on the streaming service HBO Max next year, saying it “needed to try something different” to respond to the pandemic. “But I think ultimately rational parties will step back and look at this and say giving theater owners a predictable …

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