8/18/2023 0 Comments Discovery inc office nyc![]() ![]() ![]() The movie was set to feature the first-ever Latina superhero in the DC comics franchise.ĭemocratic lawmakers on Capitol Hill sent a letter to the Justice Department over the weekend demanding that federal regulators review the Warner Bros. One of Zaslav’s most dramatic moves in the early weeks of his reign was to do away with CNN+, the fledgling streaming service that was shut down just a month after its highly touted launch.Īnother headline-grabbing decision by Zaslav was to cancel the $90 million film “Batgirl” and write it off as a loss for tax purposes. ![]() Zaslav’s cost-cutting has been felt across company units, including struggling cable news outfit CNN, which laid off hundreds of employees. Discovery, which faces a debt burden of more than $50 billion left over from the merger between Discovery and WarnerMedia, the former property of AT&T. Discovery is banking on the release of audience-pleasers such as “Batman” to boost its bottom line. Discovery is also banking on the success of its strategy that will combine streaming services HBO Max and Discovery Plus into one unit, which will relaunch in the spring. is scheduled to release 15 films this year after producing just six in the theaters last year.Įxecutives at the company are hoping for big returns from highly anticipated features such as “Barbie,” “Dune 2,” and “The Flash.” DC Studios is also reportedly preparing for new “Batman” and “Superman” releases sometime before 2025, FT is reporting. “That kind of proximity facilitates his learning curve . . . David has not read a lot of screenplays in his life.” “It makes sense to me that would place himself physically where he can have lots of interaction right across the hall from Mike and Pam,” a Warner veteran told FT. Zaslav works in close proximity to his new Warner studio chiefs, Mike De Luca and Pam Abdy, who are reportedly thinking of reviving money-making sequels such as “Harry Potter,” “Lord of the Rings,” and “Oceans 11,” according to FT. Discover CEO David Zaslav has based his operations out of Hollywood rather than at corporate headquarters in New York. “And then what does he do? He comes in and sets up in the Warner studio lot, which no public company CEO had ever occupied, and starts sitting in on creative meetings, which raised a lot of eyebrows.” Warner Bros. ![]() “He wooed Hollywood and people really loved that,” a former Warner executive told FT. He is also looking to boost morale among company employees who were demoralized by his cost-cutting spree in the first year of his helm, according to FT. Zaslav, 63, has sought to make amends by pledging full cinematic runs before moving films to streaming. Since taking over as CEO of the newly merged entity - whose properties also include CNN, HBO and DC Comics in addition to Discovery, HGTV and other cable networks –Zaslav has been wooing Hollywood talent who were put off by the previous management’s decision to have theatrical releases simultaneously be available through streaming, according to the Financial Times. signals he is betting that the movie studio’s upcoming releases featuring comic book franchises such as Batman and Superman will help the firm get out from a mountain of debt. Zaslav’s decision to run the film-and-TV colossus from a second-floor office on the Warner Bros. Discovery, has ditched the company’s corporate headquarters in New York - instead running the media conglomerate from its iconic movie studio lot in Hollywood, according to a report. ‘House on fire’: Chris Licht out at CNN but network in shambles over leadership questionsĬNN overlord David Zaslav mocked, ‘takes full responsibility’ for Chris Licht failureĭavid Zaslav, the CEO of Warner Bros. NYC billionaire mogul offers to buy CNN - and run it for just $1 per yearĬhris Licht spotted for first time in NYC after CNN ouster, scathing Atlantic profile ![]()
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