The shakeup comes nearly nine months after AT&T closed its $85.4 billion acquisition of Time Warner. Although AT&T leaders were quick to praise the Time Warner’s seasoned executive team, changes were inevitable as HBO, Turner and Warner Bros. took on a new corporate parent. Company insiders are now bracing for layoffs amid the consolidation process.
Zucker is expanding his purview to include all sports under the WarnerMedia umbrella. Cartoon Network and Turner Classic Movies — two of the linear cablers that had been part of Turner — will be absorbed by Warner Bros. along with all animation production operations and consumer products. Zeiler has been named chief revenue officer for WarnerMedia.
The changes mark a re-engineering of the corporate structure that held under Time Warner’s management of HBO, Turner and Warner Bros. for nearly 25 years.
Greenblatt’s impending appointment spurred the resignations last week of HBO chairman-CEO Richard Plepler and Turner president David Levy. The departures of both longtime executives will only reinforce the magnitude of the changes for HBO and Turner staffers.
Time Warner’s three core divisions had historically been run as separate fiefdoms, following Time Inc.’s merger with Warner Bros. in 1990 and Time Warner’s acquisition of Turner Broadcasting in 1996.
The new structure reinforces AT&T’s vision of bundling HBO and the former Turner channels as a streaming service offering augmented with original programming.
AT&T has made an enormous bet on Greenblatt to lead the bulk of its programming operations at a time when the battle for viewers has gone global and reached unprecedented heights in production expenditures. Greenblatt’s arrival has already jolted the HBO and Turner establishment with the exits of Plepler and Levy.
AT&T is clearly banking on Greenblat’s track record in turning Showtime into an original programming powerhouse and in restoring luster to NBC during his eight-year tenure as chairman. Earlier in his career, Greenblatt was part of the early wave of Fox Broadcasting executives. During Greenblatt’s time as an independent producer — between the end of his Fox run and before he joined Showtime in 2003 — he and former partner David Janollari were executive producers with creator Alan Ball of HBO’s much-praised “Six Feet Under.”
‘I’m honored to be joining WarnerMedia during such an exciting time for the company and the industry as a whole, and I look forward to working alongside the many talented executives and team members across the company,” Greenblatt said. “WarnerMedia is home to some of the world’s most innovative, creative and successful brands and we’re in a unique position to foster even deeper connections with consumers. And it goes without saying I will always have a soft spot in my heart for HBO going back to the rewarding experience I had producing Alan Ball’s ‘Six Feet Under.’ “
(Pictured: Bob Greenblatt, Jeff Zucker and Kevin Tsujihara)
More to come