The New Boss of Warner Discovery’s Movie Studio Bears a Striking Resemblance to the Old One
Executives Michael De Luca and Toby Emmerich share the same New Line Cinema DNA, but the new boss holds a key advantage.
Executives Michael De Luca and Toby Emmerich share the same New Line Cinema DNA, but the new boss holds a key advantage.
Emmerich has served as chairman since 2018 and is the latest to step down at the studio amid the Warner Bros. Discovery merger.
The new Warner Bros. Discovery CEO slammed the decision to greenlight the 2021 road-trip movie, which grossed less than half its budget.
“We will not overspend to drive subscriber growth,” the new CEO said.
For comparison, Quibi lasted about eight times as long.
Read the WarnerMedia CEO’s email to staff here.
If Warner Bros. Discovery stock hits certain thresholds, longtime executive will be one rich(er), rich man.
David Zaslav’s vision for the role of theatrical in a streaming world says much about the future direction of the industry.