David Zaslav hasn’t wasted time in making significant changes at WarnerBros Discovery and many on this side of the Atlantic are now wondering what happens in the international ranks, where the combined studios have thousands of staff.Even before WarnerMedia and Discovery closed their $43BN merger on Friday, the axe had fallen on the former’s U.S.
C-suite.Last week’s top level cull of U.S. staff could save north of $70M, one studio insider estimates to us. That’s just the start of cost-saving efforts designed to squeeze $3BN out of the new operation, according to forecasts Discovery gave to Wall Street.
Note that $3BN in savings is a lot higher than Disney promised Wall Street when it inhaled Fox, a merger which led to swathes of staff cuts.Office spaceAs with any merger, speculation is rife.
The expectation among studio executives we speak to in Europe is that there will be streamlining in local international offices.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.