David Zaslav, CEO of Warner Bros. Discovery, is not a fan of TV. According to him, "the marketplace is really challenged with too many players in the market. When people turn on the TV, it's a terrible experience. There are just too many choices, and many aren't outstanding entertainment." I agree; quality content on both small and silver screens has become increasingly rare to find.
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| Makeup of the Warner Bros. corporation |
Zaslav is in the process of splitting Warner Bros. Discovery into two separate companies, which should occur by April 2026. After the split, Zaslav will be in charge of Warner Bros. studio, DC studio, HBO, HBO Max, and the TCM channel. Gunner Wiedenfels, Warner's current CFO, will run the Discovery and Turner platforms, which include TNT, TBS, CNN, the Cartoon, and Food networks, and HGTV.
Skydance, the media and entertainment company (which just purchased Paramount Inc. for $8 billion) has put in a bid for Warner Bros. Discovery for $20 billion (its current market value is around $11 billion).
Consolidation of the entertainment industry is needed, and it will happen. There are too many players chasing the same eyeballs, and creative, quality content is what is needed both on TV and in cinemas.
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| David Ellison, CEO Skydance - David Zaslav, CEO Warner Bros. |
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