Tags: warnermedia | streaming | executives | restructuring

WarnerMedia Ousts Top Streaming Executives as Part of Restructuring

WarnerMedia Ousts Top Streaming Executives as Part of Restructuring
(Piotr Swat/Dreamstime)

Friday, 07 August 2020 05:06 PM

WarnerMedia's Bob Greenblatt and Kevin Reilly, executives who oversaw its HBO Max streaming business, will leave as part of a restructuring, the company said on Friday.

The restructuring is the first major action taken by Chief Executive Officer Jason Kilar, a former Amazon.com executive, who built Hulu.

"We are elevating HBO Max in the organization and expanding its scope globally," Kilar said in a mail to staff.

Andy Forssell, general manager of HBO Max, will now lead a newly created HBO Max operating business unit, Kilar added.

AT&T Inc hired Kilar to take charge at WarnerMedia as it battles Netflix and Disney for streaming video customers.

Revenue from WarnerMedia segment, which includes HBO, fell 22.7% to $6.8 billion in the second quarter, with the COVID-19 pandemic having a $1.5 billion impact on sales.

WarnerMedia also said it would cut jobs, without disclosing the number of employees impacted. 

© 2020 Thomson/Reuters. All rights reserved.


   
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WarnerMedia's Bob Greenblatt and Kevin Reilly, executives who oversaw its HBO Max streaming business, will leave as part of a restructuring, the company said on Friday.
warnermedia, streaming, executives, restructuring
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2020-06-07
Friday, 07 August 2020 05:06 PM
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