Tag: WarnerMedia

  • Sony Pictures snags Levine, Hartbeat’s Ex-CEO, for strategic push

    Sony Pictures snags Levine, Hartbeat’s Ex-CEO, for strategic push

    MUMBAI:  Sony Pictures Entertainment (SPE) has recruited  Jay Levine, former CEO of Kevin Hart’s Hartbeat media company, to serve as executive vice president, chief strategy officer and business operations. Levine will report directly to SPE president and CEO, Ravi Ahuja, and will spearhead the company’s strategic growth initiatives, including mergers and acquisitions.

    Levine, who joined Hartbeat in early 2024, made a splash by producing the Emmy-nominated Greatest Roast of All Time: Tom Brady for Netflix and “Fight Night: The Million Dollar Heist” for Peacock. He also renegotiated key partnerships with industry giants like Netflix, NBCUniversal, and Sirius XM.

    Prior to Hartbeat, Levine spent over a decade at Warner Bros. and WarnerMedia, where he held various senior leadership roles, including leading business operations and strategy for the WarnerMedia Studios and Networks group. His extensive background also includes stints at Disney and ESPN.

    Ahuja lauded Levine’s “deep expertise and great reputation,” adding that his “collaborative spirit” would be invaluable for Sony’s growth. Levine, in response, expressed his eagerness to “advance the company’s opportunities for expansion and growth given the evolving media landscape.”

    This move signals Sony Pictures’ aggressive pursuit of growth and innovation in the increasingly competitive entertainment industry.

  • Warner Bros. Discovery names Asif Sadiq its new chief global diversity, equity and inclusion officer

    Warner Bros. Discovery names Asif Sadiq its new chief global diversity, equity and inclusion officer

    Mumbai: Warner Bros. Discovery has announced that Asif Sadiq has been appointed as chief global diversity, equity, and inclusion officer. Sadiq will lead the company’s diversity, equity, and inclusion (DE&I) strategy and global team, expanding on successful initiatives from both legacy Discovery and legacy WarnerMedia. He will jointly report to CEO David Zaslav and chief people & culture officer Adria Alpert Romm.

    He most recently served as WarnerMedia head of diversity, equity, and inclusion, international and was a key architect of many of the WarnerMedia DE&I internal and content-focused initiatives on which WBD plans to build. Earlier, Sadiq held senior diversity positions at adidas, The Telegraph Media Group, EY Financial Services, and the City of London Police.

    In his role, Sadiq will chair WBD’s new Business Diversity Council, a senior advisory board comprised of global leaders from the company’s sports, games, technology, revenue, and corporate groups. The council will assist in developing and instituting enterprise-wide diversity programmes for employees across businesses.

    “Having a diversity of thought, ideas, and experiences is so critical to the success of any business, especially a creative company like Warner Bros. Discovery. We want our employees to be able to thrive as their authentic selves, while using the power of storytelling to not only entertain audiences around the world, but also open minds and inspire action. And I can think of no better leader than Asif to ensure that we champion the most thoughtful and impactful diversity, equity, and inclusion programme. He brings an impressive track record of success at WarnerMedia and beyond, and his vast experience internationally makes him the ideal candidate to build and lead a truly global team and impactful DE&I strategy,” said Zaslav.

    “I am so proud of the work we began at WarnerMedia and am thrilled to join David, Adria, and Warner Bros. Discovery to accelerate the diversity mission I believe in so strongly. Companies that get DE&I right are more successful and have deeper relationships with their employees, consumers, and partners. In other words, this isn’t just the right thing to do; it also makes smart business sense and presents a great opportunity. I look forward to making a measurable and sustained impact with employees, on the screen, in our communities, and for our business,” said Sadiq.

    In addition, WBD is establishing a creative diversity council that includes Warner Bros. Television Group chairman Channing Dungey; Warner Bros. Film Group co-chairperson and CEO Pamela Abdy; Warner Bros. Film Group co-chairperson and CEO Mike DeLuca; HBO chairman and CEO Casey Bloys; and US Networks Group chairman and chief content officer Kathleen Finch. Together, these senior creative leaders will help ensure that DE&I is woven into the development, production, and distribution process.

  • Warner Bros. Discovery unveils its new leadership team

    Warner Bros. Discovery unveils its new leadership team

    Mumbai: The newly formed Warner Bros. Discovery has announced its international leadership team under head Gerhard Zeiler. Earlier, he held the position of International President for WarnerMedia and currently he will oversee Discovery globally. Zeiler announced his regional team on Thursday.

    In the major changes, Clement Schwebig was named as Warner Bros. Discovery President and Managing Director of South-East Asia, Korea and India. Schwebig is based in Singapore.

    Anil Jhingan who was Discovery Asia Pacific’s President and Managing Director will lead business development for the enlarged Warner Bros. Discovery group across international markets.

    “Our combined international business has significant scale, and a diversified portfolio – both geographically and across lines of business. As a result, when deciding the new leadership structure, we wanted to ensure that we had dedicated regional leads, to reflect the scale and complexity of the business which would, in turn, increase focus on key markets” Zeiler wrote in a staff memo.

    Priya Dogra who was WarnerMedia Europe, Middle East, Africa and Asia (excluding China) President will now head Warner Bros. Discovery Europe, Middle East and Africa (excluding Poland). James Gibbons who earlier oversaw operations in the UK and Nordics is now Warnermedia Discovery’s President and Managing Director for Australia, New Zealand and Japan. Gibbons will continue to manage the Nordics for an interim period.

    Fernando Media is Warner Bros. Discovery Latin American and US Hispanic President and Managing Director. He replaces Whit Richardson who is leaving the company. Kasia Kieli is Warner Bros. Discovery President and Managing Director of Poland and CEO of TVN. She was earlier Central and Eastern Europe, Middle East and African President and Managing Director.

    Gillian Zhao will continue as WarnerMedia China president. Andrew Georgiou will still be Warner Bros. Discovery President and Managing Director for Sports Europe based in London. Robert Blair will lead licensing as International Television Distribution President. Ronald Goes will stay in his role as Executive Vice-President and Head of International TV production.

    “As JB and I committed in our original note to you all, our decisions are the result of a thought-through process which included ensuring that the leadership team reflected the breadth of experience and talent across the two businesses. None of these decisions were easy or taken lightly,” wrote Zeiler in his memo.

  • Discovery, AT&T close in on WarnerMedia transaction

    Discovery, AT&T close in on WarnerMedia transaction

    Mumbai: Discovery Inc and AT&T have announced that they have closed their transaction to combine the WarnerMedia business with Discovery. The combined entity is a premier standalone global media and entertainment company Warner Bros Discovery, which will begin trading on the Nasdaq with the start of trading on 11 April, under the new ticker symbol ‘WBD.’

    The new company combines WarnerMedia’s premium entertainment, sports and news assets with Discovery’s leading non-fiction and international entertainment and sports businesses, including Discovery Channel, discovery+, Warner Bros. Entertainment, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, New Line Cinema, Cartoon Network, Adult Swim, Turner Classic Movies and others.

    “Today’s announcement marks an exciting milestone not just for Warner Bros Discovery but for our shareholders, our distributors, our advertisers, our creative partners and, most importantly, consumers globally,” said Warner Bros Discovery CEO David Zaslav. “With our collective assets and diversified business model, Warner Bros Discovery offers the most differentiated and complete portfolio of content across film, television and streaming. We are confident that we can bring more choice to consumers around the globe while fostering creativity and creating value for shareholders.”

    “We are at the dawn of a new age of connectivity, and today marks the beginning of a new era for AT&T,” stated AT&T CEO John Stankey. “With the close of this transaction, we expect to invest at record levels in our growth areas of 5G and fiber, where we have strong momentum, while we work to become America’s best broadband company. At the same time, we’ll sharpen our focus on returns to shareholders. We expect to invest for growth, strengthen our balance sheet and reduce our debt, all while continuing to pay an attractive dividend that puts us among the top dividend-paying stocks in America.”

    Under terms of the agreement, which was structured as a Reverse Morris Trust transaction, at close AT&T received $40.4 billion in cash and WarnerMedia’s retention of certain debt. Additionally, shareholders of AT&T received 0.241917 shares of WBD for each share of AT&T common stock they held at the close. As a result, AT&T shareholders received 1.7 billion shares of WBD, representing 71 per cent of WBD shares on a fully diluted basis. 

    Discovery’s existing shareholders own the remainder of the new company. In addition to their new shares of WBD common stock, AT&T shareholders continue to hold the same number of shares of AT&T common stock they held immediately prior to close.

  • HBO Max partners with Series Mania Institute to boost video production in Europe

    HBO Max partners with Series Mania Institute to boost video production in Europe

    Lille, France: The shortage of writing, production, and directorial talent is being bemoaned by one and all at a time when demand for content is booming worldwide. WarnerMedia EMEA is doing something about it in France to start with. EVP & head of original production, EMEA Anthony Root at the content powerhouse- on 23 March – announced that it is going to be putting in a million dollars over the next three years behind an initiative SeriesMania Institute being pushed by fast growing TV series festival SeriesMania.

    Present at the Series Mania Forum during the announcement were the festival’s founder & general director Laurence Herszberg, and Series Mania Institute project manager Pierre Ziemniak. HBO Max will be joining Newen (founding partner), France Télévisions, and Entreprises et Cités, The Series Mania Institute, launched last year, is an initiative devoted entirely to training the professionals of tomorrow’s European TV series.

    The organisation also benefits from the support of the Lille European Metropolis (MEL), the Hauts-de-France Region, and the CNC, as well as partnerships with some of the leading European schools, including La Fémis and Sciences Po Lille. Its European course Eureka Series is supported by the Creative Europe MEDIA programme of the European Union.

    Herszberg says, “Since its creation, our mission with the Series Mania Institute has been to be the incubator for creating new talent and developing an impressive European network, while reinforcing the training of these professionals in the field of series and audiovisual content, including scriptwriters, directors, producers, and broadcasters. Now, thanks to HBO Max and their generous funding, along with all of our partners, we are well positioned to devote the necessary training to these new talents who will create the European series of tomorrow. I could not be prouder than to be making this announcement today.”

    HBO Max EMEA General Manager Christina Sulebakk adds, “Europe is home to an incredible breadth and depth of talent and in partnership with the Series Mania Institute, we’re thrilled to provide the support and resources to nurture the next generation. At HBO Max, we recognise that programming is only as good as those who are empowered to make it and through this initiative, we’re excited to play a meaningful role in helping creatives to do their best work.”

    Unit Audiovisual Industry and Media Support Programmes, European Commission head Lucia Recalde highlights, “Creative Europe MEDIA is proud to be a partner of the Series Mania ecosystem, first through Series Mania Forum, and now with Eureka Series, the European training programme of Series Mania Institute. HBO Max supporting the Institute marks an important step in the integration of international SVOD platforms to the European industry, and a major creative opportunity for European series professionals”.

    Opened in 2021, the Series Mania Institute is the first school entirely devoted to training future series professionals. The Institute is made up of three programmes, including: Eureka Series, an intensive three-month training course for emerging television drama series writers and producers from all over Europe, a Master’s Programme at Science Po Lille for future managers, and Le Tremplin/Springboard, a platform to help identify, initiate, and guide young talents in the Hauts-de-France region. Through these programmes and future initiatives, the Series Mania Institute delivers world-class training to creators and storytellers from diverse backgrounds and origins and develops the next generation of remarkable European series makers, contributing to a strong future for the European audiovisual industry.

  • Right time for young parents to introduce their kids to ‘Ben 10’: WarnerMedia’s Abhishek Dutta

    Right time for young parents to introduce their kids to ‘Ben 10’: WarnerMedia’s Abhishek Dutta

    Mumbai: As one of the biggest beneficiaries of the swell in content consumption during the pandemic, the kids genre witnessed a sea change in terms of formats, time bands, and content themes. The heartening news is, even as kids return to school and exaggerated patterns stabilise, the segment is stabilising at a higher threshold than before. This indicates “a positive movement ahead for the genre,” according to WarnerMedia South Asia network head for Cartoon Network and Pogo Abhishek Dutta.

    While some recalibration in strategies to address the pending rationalisation was expected, the pandemic agnostic rise in demand for homegrown content is unanimously acknowledged as ‘here-to-stay,’ and hence a top priority, by heads of all channels. But that does not take away from the charm of international classics that are universal and timeless in their appeal. This understanding led Dutta to bring back the action-comedy show “Ben 10” on Cartoon Network in Hindi, Tamil, and Telugu after a gap of six years.

    A timeless proposition

    Dutta believes that now is the perfect opportunity for the next generation of kids to experience the ‘Ben 10 phenomenon.’ “Many youngsters in the 2000s are now parents, and can introduce their favourite show to their kids to enjoy as a family,” he says alluding to the emerging trend of co-viewership on kids’ channels.

    The concept is enduring. A boy finds a watch that can transform him into a whole load of aliens with an assortment of special powers to combat bad guys from outer space…what’s not to love? But it’s also got plenty of humour and heart – Ben’s connection with his family is a critical component. Dutta asserts that “Ultimately, it’s an iconic superhero action show featuring alien transformations with an energised style and plenty of visual gags that have kept young viewers hooked over the years. It doesn’t go out of style.”

    The journey of 10-year-old Ben Tennyson’s adventures with the Omnitrix watch started with “Ben 10” (2005-2008). It was followed by “Ben 10 Alien Force” (2008), “Ben 10 Ultimate Alien” (2010), “Ben 10 Omniverse” (2012), “Ben 10 Ultimate Challenge” (2013), “Ben 10 With Bentuition” (2016), “Ben 10” (2016), “Ben 10 Express” (2017) and “Ben 10 Challenge” (2017).

    As per Ormax Brand Health Study 2021, “Ben 10” is among the top-10 shows watched online. “Ben 10’s popularity has never faded and has transcended age groups with the evolution of its stories and characters. Its appeal on television has played a significant role in driving the channel viewership,” remarks Dutta.

    Sharing an understanding of its brand potential he adds, “Ben 10 has been one of the highest-grossing Cartoon Network properties for our Warner Bros Consumer Products business across any kind of category imaginable. Over the years, kids have played with Ben 10 toys, worn Ben 10 clothes, and even tried out Ben 10 adventure rides at theme parks.”

    Going local with international content

    In 2020, a year after Dutta took charge, the channel launched an all-new version of “The Tom and Jerry Show” with ‘thought-over commentaries’ in regional languages that became an instant hit among fans in India. For “Ben 10,” it is bringing back the entire series with dubs in Hindi, Tamil, and Telugu to give young fans and families an opportunity to relive the magic of Ben 10’s multiverse and understand the evolution of the series.

    The show has consistently featured multiple times among the top-10 slots of the kids category week-on-week since its launch on Cartoon Network in March. In the latest week, it occupied the top slot of the genre in urban India, claims Dutta. He further tells that Cartoon Network and Pogo’s Indian viewers are looking for relatable and engaging stories, resulting in an increased demand for localised content.

    “We identified this trend a while ago and have been focusing on developing unique native IPs and localising international content to suit the preferences of our young fans. Our localisation strategy ensures that our fans understand the nuances of the storyline and indulge in the content and quirks of the show. To achieve this relevance we focus on adaptation in our regional feeds instead of literal translation of the international shows that we bring in,” notes Dutta.

  • Discovery Plus, HBO Max to merge into one streaming service

    Discovery Plus, HBO Max to merge into one streaming service

    Mumbai: Discovery, which is expected to close its acquisition of WarnerMedia in the second quarter of 2022, confirmed its plans to combine its streaming service Discovery Plus and WarnerMedia’s HBO Max into one service rather than offer the two platforms as a bundle.

    Discovery chief financial officer Gunnar Weidenfels who addressed the Deutsche Bank 30th Annual Media, Internet and Telecom Conference said that Discovery is making preparations to combine the two streaming services. But before they are combined, the first step of integration will be some form of bundling as the company figures out the best way to merge the two platforms.

    On 11 March, Discovery Inc stockholders approved various matters relating to the acquisition of WarnerMedia from AT&T to create Warner Bros-Discovery Inc. The transaction will bring together WarnerMedia’s entertainment, sports and new assets with Discovery’s non-fiction, international entertainment, and sports business.

    Direct-to-consumer service Discovery Plus had 22 million subscribers, while HBO Max had 73.8 million subscribers at the end of 2021.

  • WarnerMedia pauses business operations in Russia amid Ukraine conflict

    WarnerMedia pauses business operations in Russia amid Ukraine conflict

    Mumbai: As the Russia-Ukraine ongoing war has escalated over the days, the entertainment conglomerate WarnerMedia decided to pause “all new business” in Russia, CEO Jason Kilar said. This announcement comes a few hours after Discovery Inc, which is set to soon close its acquisition of WarnerMedia, suspended all operations in Russia amid the country’s war on Ukraine.

    According to Variety, Kilar, in a memo to WarnerMedia staff said, “Following the Russian invasion of Ukraine, WarnerMedia is pausing all new business operations in Russia. This includes ceasing broadcast of our channels, halting all new content licensing with Russian entities and pausing our planned theatrical and games releases.”

    Previously, along with suspending CNN broadcasts in Russia, WarnerMedia’s production house Warner Bros had halted its plans to release “The Batman” in the country ahead of its planned premiere. Kilar further stated, “We are following this situation closely and future business decisions will be made with that context in mind. Our thoughts in this moment are with  the people of Ukraine.”

    As per the Deadline report, Universal Music has also just announced it ceased operations there, along with McDonald’s, Coca-Cola and others. 

    Amazon will be shutting off Amazon Prime in Russia and stopping deliveries to the country, according to news agency ANI.

  • HBO Max accelerates global footprint with 15 new European countries

    HBO Max accelerates global footprint with 15 new European countries

    Mumbai:  WarnerMedia’s streaming platform HBO Max is now available in 61 territories globally, after launching in 15 additional European countries. These new countries where HBO Max was launched on 8 March include Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Moldova, Montenegro, Netherlands, North Macedonia, Poland, Portugal, Romania, Serbia, Slovakia, and Slovenia.

    HBO Max launched in the US in May 2020 and is rapidly rolling out globally. In June 2021, it became available in 39 territories in Latin America and the Caribbean and in October 2021 it arrived in Europe, launching in the Nordics, Spain, and Andorra. The premium streaming platform continues its global expansion later this year, with launches set for Turkey, Greece, Iceland, Estonia, Latvia and Lithuania. There are also plans for further expansion to Southeast Asia.

    HBO Max launches with attractive pricing and a promotion offering all customers in Central and Eastern Europe and Portugal more than 30 per cent off the monthly price for the lifetime of their subscription. In the Netherlands, it launches with two tiers, both at 50 per cent off the regular monthly subscription price for the life of the subscription. A monthly subscription to the standard tier (with HD 1080p, 4K, three concurrent streams, 30 downloads) is priced at €3.99 and a monthly subscription to the basic tier (with HD 720p, one concurrent stream, five downloads) at €2.99.

    “From today, HBO Max is streaming in 21 European countries with Central and Eastern Europe, Portugal and the Netherlands joining the Nordics, Spain and Andorra where we launched the platform last year,” said HBO Max EMEA general manager Christina Sulebakk. “Central and Eastern Europe is where it all began for our European business back in 1991 with our first linear channels and we’re pleased that today, more than 30 years later, we’re bringing fans in the region a completely new way to access all their favourite entertainment.”

    “In under 24 months we have built a scalable streaming business present in 61 territories and counting. International is going to continue to be an important part of our global growth story going forward,” commented HBO Max International head Johannes Larcher. “I am particularly proud that our presence in Central and Eastern Europe is further strengthened by today’s launch of HBO Max, and that we are doubling down on our strong commitment to fans, partners and employees across the region during this challenging time.”

    HBO Max is distributed as an app across devices such as Apple TV, Amazon Firestick, Google Chromecast, Roku and a host of smart TVs. WarnerMedia has also launched an ad-supported version of HBO Max which offers the service to consumers at a lower price. The streaming platform is expected to foray into India this year.

  • Discovery-WarnerMedia merger gets clearance from European Commission

    Discovery-WarnerMedia merger gets clearance from European Commission

    Mumbai: Discovery Inc has received unconditional clearance from the European Commission to move ahead with its merger agreement with WarnerMedia and is on track to close the deal by second quarter 2022. The company filed a merger proxy earlier this month and has scheduled a stockholder meeting on 11 March.

    “We, of course, are pleased to receive unconditional clearance from the European Commission, the expiration of the HSR waiting period, and clearance from other key international markets, and AT&T having received a favorable private letter ruling from the IRS,” said Discovery president and chief executive officer David Zaslav. “We also filed our merger proxy earlier this month and have scheduled our stockholder meeting for March 11th. Following the vote, and assuming the deal is approved by our stockholders, we expect to be on track to close in Q2.”

    Discovery reported its fourth quarter results for the year 2021. The company posted revenue of $3.18 billion, an increase of 10 per cent to the prior year quarter. Its direct-to-consumer business added two million subscribers since the end of Q3 totalling to 22 million subscribers.

    “2021 was by all measures an exceptional year for our company, in which we achieved significant operational, financial, and strategic objectives,” added Zaslav. “We grew our global DTC paying subscribers to 22 million, a tailwind for our strong distribution revenue growth of 11 per cent, while global advertising revenues grew 10 per cent due to continued strength in our key markets and share gains. Additionally, we ended the year with nearly $ four billion of cash on hand and generated robust cash flows, supporting our ability to invest in growth initiatives. Further, the successful recent broadcast of our second Winter Olympic Games across Europe, on the heels of our first broadcast of the Summer Olympic Games, underscores one of our key differentiators: in-language and locally relevant content. All of which position us well to take advantage of the remarkable opportunities ahead for Warner Bros. Discovery, which we believe will be among the world’s most dynamic media companies.”