All of Time Warner's top executives have left the company since AT&T bought it in 2018 and formed WarnerMedia.
They include HBO's Richard Plepler, who unexpectedly resigned last February, and Warner Bros. CEO Kevin Tsujihara, who stepped down last March following a report that alleged he had a sexual relationship with an actress, and promised to help her get roles.
Now WarnerMedia is undergoing another major restructuring under new CEO Jason Kilar.
Several top execs left WarnerMedia last week, including WarnerMedia Entertainment chairman Bob Greenblatt, and Kevin Reilly, the content chief of the company's new streaming service HBO Max.
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After AT&T bought Time Warner in 2018 for a massive $85 billion, taking control of Time Warner's many assets including Warner Bros. and HBO, then-AT&T CEO Randall Stephenson sent a memo to employees.
"It's been a long time coming, but well worth the effort: AT&T and Time Warner are now one company," Stephenson told employees in the June memo.
But the acquisition, which formed the new WarnerMedia, brought with it a new set of complications. All of Time Warner's top executives were out less than a year after the deal finally closed after a months-long legal battle with the Justice Department, which sued AT&T in November 2017 in an effort to block the merger.
From surprise resignations like HBO's Richard Plepler to a sex scandal that forced Warner Bros. CEO Kevin Tsujihara to resign , Time Warner's leadership was completely remade.
And now WarnerMedia is undergoing another huge shakeup under new CEO Jason Kilar, who was named as the company's chief executive in April. He took over from John Stankey, who is now CEO of AT&T after Stephenson exited the role. The restructuring also comes after the company launched its flagship product, the HBO Max streaming service, in May.
Last week, WarnerMedia announced the high-profile exits of WarnerMedia Entertainment chairman Bob Greenblatt, HBO Max content chief Kevin Reilly, and head of corporate marketing Keith Cocozza.
The new Warner Bros. CEO, Ann Sarnoff, was put in charge of all film, TV, and streaming assets, while HBO's head of programming, Casey Bloys, will also oversee original content for Max.
"In looking at where we'd like to go and how the company was organized, we had two content organizations, and they both worked on HBO Max," Kilar told Bloomberg . "The tough decision I made was to go from having two to one."
It didn't stop there.
On Monday, Warner Bros., DC Comics, and the DC Universe streaming platform were hit with major layoffs , including Warner Bros. Worldwide Television Distribution president Jeff Schlesinger and DC Comics editor-in-chief Bob Harris. The majority of DCU employees were also laid off, according to The Hollywood Reporter .
