Warner Bros. Discovery

After 10 months of the announcement from AT&T and Discovery of the spin-off of WarnerMedia from AT&T and its merger under Discovery, it is finally happening. Today, shortly after trading ceases in the New York stock exchanges, both broadcasters will combine to create the second-largest media company in the world, after The Walt Disney Company and overtaking Paramount Global. The merger, a Reverse Morris Trust, will be structured as a 71%/29% venture between AT&T and Discovery shareholders, respectively, and AT&T will receive US$43 billion in cash and debt as part of the merger, as part of John Stankey’s massive reorganization plans to restructure the finances of the telco, after a rocky period with Randall Stephenson at the helm (which included its acquisition of then-Time Warner). Discovery is also looking for additional investment to receive an additional US$15 billion dollars in debt, and is making a dividend so that shareholders get a stake on either one or both companies.

The combined company will have Discovery CEO David Zaslav as CEO and Chairman, with current WarnerMedia CEO Jason Kilar leaving the company altogether. Also leaving are Ann Sarnoff and Andy Forsell, who are leaving the Studios and Networks division and HBO Max, respectively. Six other big executives are also affected.

The company will be switching to a streaming-first approach like most of its competitors, but Zaslav said that the company plans a more wise investment in content, with spending being restricted to around US$10 billion in place of the current US$20 billion both companies spend on content. The result is a plan to compete in the streaming wars in a much more profitable way, even if the group has three streaming services: HBO Max, Discovery+ and the recently launched CNN+. The group plans to bundle HBO Max and D+ in the run-up of a possible merger to create a super-OTT platform, as well as winding off CNN+ and reducing the levels of staff for the service, considered one of the biggest legacies of Jeff Zucker’s controversial period as CNN Worldwide CEO.


On Thursday, the merged company’s leadership team has been announced, a final step before the merger gets going today. The leadership team mostly composed of Discovery executives, but also features some holdovers from the soon-to-be-defunct WarnerMedia:

  • David Zaslav, CEO

  • Adria Alpert Romm, SEVP of Human Relations and Global Diversity

  • Gunnar Wiedenfels, CFO

  • Lori Locke, CAO (Chief Accounting Officer)

  • David Levy, Chief Corporate Affairs Officer

  • Bruce Campbell, Chief Revenue and Strategy Officer

  • Savalle Sims, General Consuel

  • Chris Licht, CEO and President of CNN Worldwide

  • Kathleen Finch, president of US Cable Networks, overseeing Discovery’s and Turner’s entertainment and factual channels (Nancy Daniels, Brett Weitz and Tom Ascheim stay put as directors of their respective channels and divisions, as is Finch leading the lifestyle and true crime networks)

  • Casey Bloys, CCO, HBO and HBO Max

  • Toby Emmerich, Chairman, Warner Bros. Pictures

  • Channing Dungey, Chairwoman, Warner Bros. Television

  • Gerhard Zeiler, CEO, Warner Bros. Discovery International

  • JB Perrette, CEO, HBO Max and Discovery+

The company will also nominate a Chief Diversity, Equity and Inclusion Officer to compliment Adria Alpert Romm’s job (she might be retiring by the end of the year), and a new global Chair and CEO for Sports, which will oversee Turner Sports, TNT Sports Latin America and Eurosport.

Additionally, the Board of Directors has been announced, which will be represented by Zaslav, John Malone, former BET chair Debra Lee, former PwC CEO Samuel A. DiPiazza Jr. (which will be Chairman of the new merged company), Li Haslett Chen (CEO of tech platform Narrativ, Barclays senior advisor Rich Fisher, Sixth Street Partners senior advisor Fazal Merchant, former Macy’s CEO Paula Price, Redpoint Ventures managing director Geoffrey Yang, Advance/Newhouse execs Steve Miron and Steve Newhouse, Hilltop Investments managing director Bob Bennett and Allen & Co. MD and EVP Paul Gould.

https://corporate.discovery.com/discovery-newsroom/discovery-inc-announces-future-leadership-team-for-warner-bros-discovery/


In the ANZ region, Warner Bros. Discovery will operate the local versions of Cartoon Network, Boomerang, Discovery, Discovery Turbo, Animal Planet, ID, and TLC, as well as the Discovery New Zealand division, which operates Three, Bravo, Eden, Rush, Living and ThreeNow, and an existing partnership with Nine for the 9Rush diginet (talk about Discovery NZ and 9Rush shall be redirected to their respective topics). HBO Max will still not launch on the ANZ region, as it continues its existing deals with Foxtel/Binge and Sky/Neon.

Globally, Warner Bros. Discovery will have a grand portfolio of brands: Adult Swim, All3Media (JV with Liberty Global), Alloy Entertainment, Animal Planet, Bleacher Report, Boomerang, Cartoon Network, Cartoonito, Cinemax, CNN Worldwide, The CW (with Paramount), DC Comics, Discovery Channel, Discovery Family (with Hasbro/eOne), the DMAX network, DKISS (Spain), Eurosport, Eve (East Asia), Fatafeat (MENA), HBO, HGTV, HLN, Investigation Discovery, Food Network (with Nexstar), Grupa TVN Discovery (Poland), Joyn (Germany, with ProSiebenSat.1 Media), the Magnolia Network (with Chip and Joanna Gaines), Megamedia (Chile, with the Bethia holding company), Motor Trend (with Source Interlink), OWN (with Harpo Studios), Quest, Really, Rooster Teeth, the Science Channel, TBS, Tele 5 (Germany), TLC, TNT, Three (New Zealand), TruTV, Travel Channel, Turner Classic Movies, Turner Sports, Warner Bros., and Warner TV Europe, among many other brands.

6 Likes

The merger is set to close in a few moments, and more things are being leaked in between. Variety, a reputed industry publication, obtained a low-quality version of the official Warner Bros. Discovery, which places emphasis on the Warner Bros. shield. It is a simple wordmark, but the presence of the WB shield allows for continued familiarity in the merged company (but also familiar was the Discovery globe, which is being dispensed from corporate use).

Compare this to the prototype logo, which was almost immediately mocked on social media due to its ugly, WordArt-like 3D look and poor execution:

2 Likes

I think they should drop the Warner Bros and just use Discovery in the future.

1 Like

Really? Where’s the 100-year global brand recognition of WB compared to “Discovery”, which is also just a word.

9 Likes

The world moves on. Warner Brothers Discovery is a mouthful. A simpler one word brand for everything is the way to go.

It sounds like they are only keeping the Warner Bros name for their corporate branding anyway.

1 Like

BREAKING NEWS: The merger has closed.

3 Likes

99% of people will never see this name, they’ll keep watching Discovery or HBO or whatever.

In any case, it’s certainly better than WarnerMedia, a name only AT&T could’ve come up with.

It also may change in the future, just look at how ViacomCBS is now Paramount.

Which was my thought exactly.

I can see a future where the prominent name replaces all the other branding to avoid confusion and builder a stronger brand.

The Discovery corporation owns Discovery+, Discovery channels and maybe Discovery Max replacing HBO Max.

1 Like

Interesting that they went with the blue gold WB shield after Warner Bros themselves ditched it.

(I do prefer this over the WB rebrand)

5 Likes
1 Like

James Gibbons is now president and managing director for Australia, New Zealand & Japan, reporting to Warner Bros Discovery international president Gerhard Zeiler.


Looks like they may be retiring the 2019 rebrand of WB already.

5 Likes
3 Likes

New logo on Warner Bros. Studios water tower

6 Likes

Back to the older style with newer colours?

Appears to have been the first layer.
Back to the classic Blue and Gold now

4 Likes

Some interesting comments about streaming vs theatrical release by chief David Zaslav: