WarnerMedia’s recent restructuring was “spot on,” and the company accelerated those changes to the media division — which had been eyed for 2021 — because of the Covid pandemic to boost the profile of the HBO Max streaming service, according to AT&T CEO John Stankey.
Stankey, speaking Monday at the Wall Street Journal’s WSJ Live streaming conference, praised the changes made by WarnerMedia CEO Jason Kilar, the former Hulu chief who started in the role on May 1. The organizational revamp has “been nothing short of significant and absolutely spot on in terms of the direction,” Stankey said.
In August, WarnerMedia laid off hundreds of employees across Warner Bros., HBO and DC Entertainment. That came after a major management shakeup by Kilar, under which HBO Max content leaders Robert Greenblatt and Kevin Reilly were let go and Warner Bros. CEO Ann Sarnoff assumed additional oversight over content for HBO Max and basic cable networks.
Stankey, speaking Monday at the Wall Street Journal’s WSJ Live streaming conference, praised the changes made by WarnerMedia CEO Jason Kilar, the former Hulu chief who started in the role on May 1. The organizational revamp has “been nothing short of significant and absolutely spot on in terms of the direction,” Stankey said.
In August, WarnerMedia laid off hundreds of employees across Warner Bros., HBO and DC Entertainment. That came after a major management shakeup by Kilar, under which HBO Max content leaders Robert Greenblatt and Kevin Reilly were let go and Warner Bros. CEO Ann Sarnoff assumed additional oversight over content for HBO Max and basic cable networks.
- 10/19/2020
- by Todd Spangler
- Variety Film + TV
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