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Warner Bros. Hires Studio's First Female CEO

Warner Bros. Hires Studio's First Female CEO

Warner Bros. has hired former BBC executive Ann Sarnoff as its new CEO, marking the first time the film studio has had a woman at the helm.

Sarnoff is replacing Kevin Tsujihara, who left the company after a Hollywood Reporter story broke the news about him using his influence to help Charlotte Kirk’s acting career after they began a sexual relationship.

“Ann has shown the ability to innovate and grow revenues and has embraced the evolution taking place in our industry,” John Stankey, CEO of WarnerMedia said in a press release. “I am confident she will be a great cultural fit for WarnerMedia.”

Sarnoff’s appointment was considered a surprise among trade publications, but her areas of expertise are tailored for WarnerMedia. The company is throwing deep resources into its upcoming streaming service, and needs a leader who can unite the theatrical division with a new streaming business. WarnerMedia is expected to launch its subscription streaming service this fall. Executives at AT&T or WarnerMedia have not confirmed a specific launch date or pricing. The service will reportedly cost between $16 and $17 a month. That puts it on the higher end of streaming service costs, but it will also include a subscription to HBO Now, which is currently $15.

Warner Bros. Release Slate for the Summer of 1971

Warner Bros. Release Slate for the Summer of 1971

'Toy Story 4' Breaks Animated Film Global Box Office Record

'Toy Story 4' Breaks Animated Film Global Box Office Record