Quick News Bit

HBO Max Lays Off About 70 People

0

Roughly 70 HBO Max staff members were laid off on Monday, job cuts that are part of a wider reorganization at the cable channel’s parent company, Warner Bros. Discovery, according to two people with knowledge of the layoffs.

The cuts amount to about 14 percent of the people who report to Casey Bloys, the chief content officer of HBO and HBO Max, said the people, who spoke on the condition of anonymity because the decision was private.

Warner Bros. Discovery, which began as HBO’s parent company in April when AT&T spun off WarnerMedia and merged it with Discovery Inc., has a crushing debt load of more than $50 billion. Executives at the new company have vowed to find $3 billion worth of savings, and significant layoffs are expected at the company in the coming weeks, particularly in areas where WarnerMedia and Discovery have overlap.

The area that was most affected on Monday was the unscripted and live-action family programming divisions at HBO Max, the streaming service that was created in May 2020. There were also job cuts for the casting, acquisitions and international divisions of HBO Max.

When executives at AT&T, HBO’s former parent company, decided to bring a new streaming service to market, they hired a dedicated programming team for HBO Max, including scripted and unscripted divisions to help accelerate the number of TV shows that could be produced for the new streaming service. The new programming team was originally separate from HBO’s pre-existing programming team.

Now, that plan has been readjusted. Executives believed that the nonfiction division at HBO Max already had significant overlap with HBO, which has had a dedicated and celebrated documentary division for decades, as well as Discovery, which owns HGTV, the Food Network and TLC, networks all known for reality programming.

The unscripted programming team at HBO Max made reality fare like “FBOY Island,” and “Selena + Chef.” Unscripted series that HBO executives deem to be successfull will continue airing, one of the people said.

Sarah Aubrey, the head of original content at HBO Max, will now oversee the drama division for HBO Max, as well as a new assignment to work on international programming, the people said. Suzanna Makkos, an executive in charge of HBO Max’s comedy slate, will now report into Amy Gravitt, the head of comedy at HBO.

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment