قالب وردپرس درنا توس
Home / Business / WarnerMedia announces restructuring in the wake of AT&T takeover

WarnerMedia announces restructuring in the wake of AT&T takeover



Greenblatt's portfolio will include HBO and much of Turner, two divisions that had previously been run separately.

In a Monday morning, John Stankey, WarnerMedia's CEO, said the consolidation "will give us the flexibility needed to build our brands on a variety of distribution models with a more coordinated approach to our original programming."

Greenblatt's WarnerMedia Entertainment division will include HBO, TNT, TBS, truTV, and the company's upcoming streaming service.

  Robert Greenblatt in 201[ads1]5.
CNN, another unit of Turner, is untouched in the reorganization. CNN Worldwide President Jeff Zucker will add the overview of Turner Sports, Bleacher Report and AT & T's ( T ) Regional Sports Network, where he is in charge of the live programming. His new division will be known as WarnerMedia News & Sports.

The remaining parts of Turner, such as Cartoon Network and Turner Classic Movies, will be folded into the studio division Warner Bros. The studio boss, Kevin Tsujihara, will remain there.

Stankey's memo outlined a new "Global Kids & Young Adults" business within Warner Bros. He said the plan is to "create a robust and unique demand, licensing and consumer product business for children and families." ” class=”media__image” src=”http://cdn.cnn.com/cnnnext/dam/assets/181206152649-att-time-warner-hearing-large-169.jpg”/>

The restructuring followed a court of appeal ruling confirming AT & T's acquisition of WarnerMedia, formerly known as Time Warner. The Ministry of Justice had sued to block the deal, but the legal clouds were completely divided last week and released AT&T to make more changes.

AT & T leaders want to reorient WarnerMedia around a streaming mission just like Disney and other media companies are trying to challenge Netflix.

Disney's ( DIS ) is about buying most of 21st Century Fox ( FOXA ) ] expected to take effect later this month.

Source link