Jason Kilar

WarnerMedia's new CEO talks about layoffs and consolidation

Jason Kilar was named WarnerMedia CEO on May 1st. Now, two months after HBO Max was launched talks of consolidation, layoffs and future restructuring are made. Read more below.

  • Jason Kilar is a member of the board of directors for DreamWorks Animation.
  • He was previously an Amazon executive and CEO of Hulu for 5 years before resigning in 2013.
  • Kilar takes John Stankey's place in WarnerMedia.
  •  Stankey remains within the company as CEO of AT&T (the company that owns WarnerMedia).

Kilar recently announced that Bob Greenblatt, Chairman at WarnerMedia Entertainment would be stepping down. Also leaving are Kevin Reilly, Chief Content Officer at HBO Max and president to TNT, TBS, and truTV; as well as Keith Cocozza, EVP (employee value proposition) of Corporate Marketing and Communications.

Ann Sarnoff, Keith Cocozza and Bob Greenblatt,

While no other layoffs were announced, Kilar said reductions will happen. "I don’t have any numbers or any specifics to share with you to that effect other than to say, we are going to be thoughtful, we are going to be kind, we are going to be empathetic".

Promotions within the company include Warner Bros Chairwoman and CEO Ann Sarnoff, who will be leading a newly created Studios and Networks Group, adding HBO, HBO Max, TNT, TBS and TruTV to her existing portfolio. 

Kevin Reilly former Chief Content Officer, HBO Max and president, TNT, TBS, and truTV

The CEO is excited about the future and how they are reorganizing the company, however, he admits it's one of the hardest things to do and it makes him sad to "Say goodbye to beloved and incredibly talented colleagues which is clearly the case of Bob and Kevin and Keith is how I feel. They are some of the most talented executives in the industry. I know they are going to change the world, and I’m going to root for them every step of the way.”

Some of the changes we can expect to see in the multinational conglomerate will be a more a consumer-oriented company as opposed to a wholesale oriented. "This is about going global" said Kilar. The company currently has about a third of their revenue  outside of the US. The new CEO believes they could reach a 70% of their revenue from outside of the US and have 70% of the consumers they serve outside of the US.

Estefanía Martínez

K-pop enthusiast, you too? Well, hello there, best friend! Follow me for all the awesome updates in the k-world.+ info

Related Articles

More News

More News