{"id":261035,"date":"2021-05-28T02:25:39","date_gmt":"2021-05-27T23:25:39","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/warnermedia-ceo-jason-kilar-is-sticking-around-for-now\/"},"modified":"2021-05-28T02:25:39","modified_gmt":"2021-05-27T23:25:39","slug":"warnermedia-ceo-jason-kilar-is-sticking-around-for-now","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/warnermedia-ceo-jason-kilar-is-sticking-around-for-now\/","title":{"rendered":"#WarnerMedia CEO Jason Kilar is sticking around for now"},"content":{"rendered":"

“#WarnerMedia<\/a> CEO Jason Kilar is sticking around for now<\/strong>”<\/p>\n

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WarnerMedia CEO Jason Kilar \u2014 whose future has been in doubt since AT&T\u2019s $43 billion deal to spin off its entertainment unit \u2014 will remain at the helm of the company until mid-2022, it emerged on Thursday. <\/p>\n

Kilar has told staffers that he will continue in his current role as WarnerMedia CEO for the next 12 months, which is roughly when the media company\u2019s merger with Discovery is expected to close, sources said. <\/p>\n

Kilar, who only took the WarnerMedia job last April, made the surprise announcement Thursday at a celebration of the one-year anniversary of WarnerMedia\u2019s streaming service HBO Max, according to the Wall Street Journal<\/a>, which first reported the news<\/a>.<\/p>\n

Kilar, who recently became eligible for $53 million in cash and stock options, stands to pocket his entire annual $2.5 million salary and his targeted bonus if terminated after two years on the job, according to to AT&T SEC filing<\/a> in March. His severance after one year would have included unpaid salary and a prorated bonus subject to performance.<\/p>\n

\u201cMy plan and my focus is to remain here in my CEO role at WarnerMedia,\u201d Kilar reportedly said. \u201cI am not thinking right now about post-merger. There will be a time to consider that topic in 2022.\u201d<\/p>\n

\u201cI believe we have unfinished business and the work of the next year can and should be extremely fulfilling as the world continues to see what we are capable of doing,\u201d Kilar reported said. <\/p>\n

WarnerMedia confirmed the news but declined to comment further. <\/p>\n

\"WarnerMedia
WarnerMedia CEO Jason Kilar was previously the founding head of Hulu.<\/figcaption>
Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n

Prior to Thursday\u2019s announcement, sources had said Kilar was negotiating his exit package following AT&T\u2019s May 17 announcement that it would merge the entertainment unit behind CNN, HBO Max and movie studio Warner Bros. with Discovery, which owns TLC, Animal Planet and The Food Network. <\/p>\n

Kilar even reportedly hired a team of lawyers led by entertainment powerhouse Allen Grubman to negotiate his final pay package. Grubman did not return requests for comment. <\/p>\n

The CEO, who joined WarnerMedia last May, was said to have been blindsided by deal talks between AT&T CEO John Stankey and Discovery boss David Zaslav, who will helm the company when it is combined in mid-2022. <\/p>\n

Reporters honed in on the uncertainty of Kilar\u2019s future during a press briefing on the deal last week. When Stankey was asked by reporters about Kilar\u2019s role at the new company, he said the decision would be up to Zaslav.<\/p>\n

\u201cDavid\u2019s got decisions he\u2019s gotta make across a broad cross-section of how he wants to organize the business and who will be in what roles moving forward in this transition period,\u201d he said. <\/p>\n

Zaslav called Kilar a \u201cfantastic talent\u201d but didn\u2019t offer any insight as to whether he\u2019d keep Kilar, who had previously served as CEO of Hulu, onboard. <\/p>\n

In Kilar\u2019s brief time at WarnerMedia, he\u2019s made meaningful changes in helping build HBO Max\u2019s technical platform, but he has also ruffled feathers, sources told The Post last week. <\/p>\n

Kilar quickly led a massive restructuring of WarnerMedia that sent well-respected division executives packing, including chairman\u00a0Bob Greenblatt and chief content officer Kevin Reilly.<\/p>\n

The exec also\u00a0shattered the theatrical window\u00a0by sending newly released Warner Bros. movies<\/a> like\u00a0\u201cTom & Jerry\u201d\u00a0directly to HBO Max a month after they premiered in movie theaters.<\/p>\n

Although the move was meant to boost pandemic sales, it rankled Hollywood. Top brass also grew weary of HBO Max\u2019s slow subscriber growth, sources said. In the most recent quarter, HBO Max and HBO\u00a0notched 41 million domestic subscribers, a mere 8 million subscribers gain from a year earlier.<\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#WarnerMedia CEO Jason Kilar is sticking around for now” WarnerMedia CEO Jason Kilar \u2014 whose future has been in doubt since AT&T\u2019s $43 billion deal to spin off its entertainment unit \u2014 will remain at the helm of the company until mid-2022, it emerged on Thursday. Kilar has told staffers that he will continue in…<\/p>\n","protected":false},"author":1,"featured_media":261036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/05\/jason-kilar-warnermedia.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[107443,5039,87539,76511,97569,70584,5041],"class_list":["post-261035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-5-27-21","tag-att","tag-david-zaslav","tag-discovery","tag-jason-kilar","tag-mergers-acquisitions","tag-warnermedia"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/261035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=261035"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/261035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/261036"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=261035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=261035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=261035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}