It looks like Kevin Tsujihara won’t be overseeing Warner Bros. anymore as it’s been officially announced that the studio CEO and Chairman is now exiting those roles at the studio. The news comes via Bloomberg and was officially announced by WarnerMedia/WB.
Warner Bros. Chief Executive Officer Kevin Tsujihara is leaving the AT&T Inc.-owned studio following allegations that he had a sexual relationship with an actress he helped promote.
“It is in the best interest of WarnerMedia, Warner Bros., our employees and our partners for Kevin to step down as Chairman and CEO of Warner Bros.,” WarnerMedia CEO John Stankey said in a statement. “Kevin acknowledges that his mistakes are inconsistent with the company’s leadership expectations and could impact the company’s ability to execute going forward.”
It’ll be interesting to see how the studio coupes with the transnational period and they have yet to announced who will be taking over Kevin Tsujihara’s duties. Shakeups in studio leadership aren’t new and won’t end anytime soon, but this should be a cautionary tale about mixing business and pleasure.
20th Century Fox’s Stacey Snider is also expected to leave her role at that studio as her job is said to be incorporated into the duties of Disney’s Alan Horn with Emma Watts taking a larger role as Snider exits. The Fox shakeup was certainly more normal circumstances and come as result of the upcoming merger this week between The Walt Disney Company and 21st Century Fox.
There will always be someone willing and able to take over an executive role at a studio, so I doubt Warner Bros. will be waiting too long before announcing a new CEO.
SOURCE: BLOOMBERG/WARNER BROS.