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The Fate of Top WarnerMedia Execs in Question After Announcement of Discovery Merger

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After the announcement of AT&T's deal to combine WarnerMedia and Discovery, the fate of Jason Kilar and other top execs is in question

, who in his one year in the job as CEO of WarnerMedia might have ruffled too many feathers as he tried to refashion the company for the streaming wars.was not party to the deal talks

Specifically, the move by Kilar to summarily decide to release Warner Bros.’ 2021 movie slate day-and-date on HBO Max — angering talent and theater owners who were caught unawares — could cost the studio more than $1 billion in lost box office revenue without generating streaming gains to offset that.

For his part, Kilar is said to be looking to bail out from WarnerMedia with a golden parachute. When he signed on to the company in 2020, the executive received AT&T stock options valued at $48 million . Kilar also is subject to a one-year non-compete clause and a one-year ban on his soliciting WarnerMedia employees for other ventures.

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