Warner Bros chairman to step down, MGM studio chiefs to take over -Breaking
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© Reuters. FILE PHOTO: The enduring Warner Bros. Water Tower is pictured at Warner Bros. Studios lot in Burbank, California, U.S., October 7, 2021. REUTERS/Mario Anzuoni(Reuters) – Warner Bros Photos Group Chairman Toby Emmerich is stepping down, as Warner Bros Discovery (NASDAQ:) CEO David Zaslav places his imprimatur on the newly shaped media firm, two sources say.
Emmerich, who has served as chairman of the studio since 2018, will likely be succeeded by MGM’s Michael De Luca and Pam Abdy, the duo behind such acclaimed movies as “Licorice Pizza” and “Home of Gucci.”
The transition comes as Zaslav restructures the movie studio round content material verticals, within the mould of the Walt Disney (NYSE:) Co, in line with one of many sources.
DeLuca and Abdy will oversee Warner Bros and New Line studios, which have produced the Harry Potter films and Oscar-nominated movies equivalent to “Judas and the Black Messiah.” DC Movies and the animation group every could have their very own management, with all of the studio executives reporting to Zaslav.
Emmerich is a screenwriter who has an in depth checklist of manufacturing credit, and is predicted to get a manufacturing deal on the lot. His departure was first reported by The Hollywood Reporter.
Amazon (NASDAQ:) Studios chief Jennifer Salke will oversee MGM’s movie group on an interim foundation till a alternative is known as, one supply mentioned. Amazon closed its $8.5 billion acquisition of MGM in March.
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