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Warner Bros. Discovery Breakup Cues Hollywood’s Latest Succession Drama As Two New Companies Take Shape
Monday's news that Warner Bros. Discovery is splitting into two companies has fueled chatter about which execs will end up leading the new entities.
While Wiedenfels is respected in finance circles, his new gig overseeing the networks company “would seem to suggest a focus on financial efficiency and potentially a strategic transaction at some point,” TD Cowen analyst Doug Creutz wrote in a note to clients. While he never became the pop-culture villain that Zaslav did, especially among genre fans, he nonetheless managed to provoke the creative community in 2022 by dismissing concerns about the scrapping of a Batgirl movie in order to realize a tax benefit. While Zaslav has long coveted movie-mogul status, punctuating that ambition by moving into late Paramount boss Robert Evans’ former LA home, he has also committed a number of unforced errors.
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