Another blow to the entertainment industry is on the way.
On Monday, it was revealed that WarnerMedia would be moving forward with massive layoffs with the “first wave” said to be around 600 according to a report from THR.
The layoffs are being attributed to the damage inflicted by the Coronavirus pandemic.
The laid-off employees include Warner Bros. CFO Kim Williams, Warner Bros. Worldwide Television Distribution president Jeff Schlesinger and Ron Sanders, Warner Bros. president, Worldwide Theatrical Distribution & Home Entertainment and Executive Vice President, International Business Operations.
Yesterday, news hit that the comics side of the company would be taking a huge hit as well.
The Hollywood Reporter included a list of people at DC Comics publishing that are expected to go as well such as editor-in-chief Bob Harris, Hank Kanalz, Jonah Weiland, Bobbie Chase, Brian Cunningham, and Mark Doyle.
Among those said to be losing their positions are editor-in-chief Bob Harris, senior VP of publishing strategy and support services Hank Kanalz, VP of marketing and creative services Jonah Weiland, VP global publishing initiatives and digital strategy Bobbie Chase, senior story editor Brian Cunningham, and executive editor Mark Doyle, who oversaw the rollout of the Black Label graphic novels. Jim Lee remains the CCO.
They also point out that a “majority” of people at the DC Comics centric streaming service DC Universe will also see layoffs.
There had been plenty of signs recently that DC Universe was on borrowed time after their talk show The Daily DC was canceled and multiple shows moved to other WarnerMedia services slowly making the streaming service less relevant.
This news comes days before WarnerMedia’s big star-studded DC Fandome event on August 22nd is likely going to leave fans a little sour given the state DC Comics and DC Universe will be in.
We had previously seen a bunch of layoffs at 20th Century Studios (formerly 20th Century Fox) because of some job redundancies post-merger with the Walt Disney Company, which regularly happens when media companies combine. Equally as sad but that was slightly more expected in the wake of the merger and was one of the reasons many Fox employees were quitting before the merger had even completed.
WarnerMedia recently launched HBO Max back on May 27th and seemingly hasn’t seen the growth they expected alongside the pandemic essentially stalling a majority of their various productions around the globe making.
I’m sure everyone is interested to see if AT&T/WarnerMedia will keep divisions after the cuts to staffing or instead attempt to sell them off. There had been reports that they were trying to offload Warner Bros. Interactive, their profitable video games division, but some have had the assumption that these layoffs may delay that sale.
SOURCE: THE HOLLYWOOD REPORTER