Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

WarnerMedia names Ann Sarnoff as CEO of Warner Bros

Published 06/24/2019, 04:46 PM
Updated 06/24/2019, 04:46 PM
© Reuters. FILE PHOTO: Ann Sarnoff, Chief Operating Officer of BBC Worldwide America, speaks during the 2011 Bloomberg Media Summit in New York

By Helen Coster

(Reuters) - WarnerMedia on Monday said it appointed Ann Sarnoff as the chief executive officer of Warner Bros, the first woman to run one of Hollywood's most powerful studios in its 96-year history.

Sarnoff, currently president of BBC Studios Americas, will take over the studio behind "Wonder Woman," "Friends" and the Harry Potter franchise, following a scandal involving its previous studio chief.

“I want to work closely with colleagues across WarnerMedia and make the whole more than the part,” Sarnoff said in a phone interview. “I want to take what is a very successful legacy and history and make it even stronger going forward.”

AT&T Inc (NYSE:T), the second largest U.S. wireless carrier, acquired Warner Bros as part of its $85 billion purchase of Time Warner last year. Some Warner Bros content will be distributed on a new WarnerMedia streaming service set to launch in early 2020.

The former chairman and CEO of Warner Bros, Kevin Tsujihara, resigned from the studio in March, following a report that the married executive had sought help securing roles for an actress after the two had sex. Tsujihara's attorney denied the executive played a "direct role" in the actress' hiring.

Sarnoff will report to WarnerMedia CEO John Stankey.

“Ann has shown the ability to innovate and grow revenues and has embraced the evolution taking place in our industry," Stankey said in a statement.

Sarnoff has also held leading executive roles at the National Basketball Association, Viacom and Dow Jones.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Maybe she'll release the Snyder Cut
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.