×
You will be redirected back to your article in seconds

Craig Hunegs to Exit Warner Bros. TV Group and Digital Networks (EXCLUSIVE)

After nearly 25 years in the Warner Bros. family, Craig Hunegs is exiting his post as head of business for Warner Bros. TV Group and president of the studio’s digital networks wing.

Hunegs said he has been discussing his exit with Warner Bros. chairman-CEO Kevin Tsujihara for the past several months. At a time of major transition for the television business, Hunegs decided it was a good time to begin a new chapter of his career. He will wrap his long run at Warner Bros. at year’s end.

Hunegs’ departure comes six months after AT&T completed its acquisition of Warner Bros.’ parent company, the former Time Warner now known as WarnerMedia. All of the former Time Warner divisions are bracing for changes in the months ahead as the new owners settle in with Warner Bros., HBO and Turner. But it is understood that Hunegs made the decision to depart without pressure from above.

For the past six years, Hunegs has been president of business and strategy for Warner Bros. Television Group. He was part of the triumvirate promoted to run the studio’s TV division following the departure of Bruce Rosenbloom as Warner Bros. TV Group chief in mid-2013.

Two years ago, Tsujihara tapped Hunegs to beef up the studio’s direct-to-consumer streaming operations. Hunegs spearheaded the launch of the fledgling DC Universe subscription service and Warner Bros.’ acquisition of Machinima. Those operations are in flux now that AT&T is looking to launch a broad subscription streaming platform incorporating existing Warner Bros. properties. Machinima, the gaming-focused service, was recently shifted from Warner Bros. to AT&T’s Otter Media digital suite.

“Craig has been an invaluable member of the Warner Bros. family for more than two decades. His skills as a manager, a savvy deal maker and a hugely talented strategist have helped shape our future in the rapidly evolving television industry and been critical to the company’s success,” said Tsujihara. 

Hunegs has been with Warner Bros. since he signed on in the business affairs department of the WB Network in 1995. He moved over to the studio side in business affairs in 1997. Hunegs quickly rose through the ranks after proving himself as a business strategist and savvy dealmaker.

“I’m proud of having been part of groundbreaking deals that helped us keep our shows on an even keel even in contentious situations and keep our shows creatively vital,” Hunegs said. “I’ve had so many great opportunities over the years. Now seemed like a good time to pick my head up and ask, ‘What’s next?’ ” Hunegs also expressed his gratitude to his fellow WBTV Group presidents Peter Roth and Jeffrey Schlesinger for an “amazing run.”

During his long run at Warners, Hunegs had a front-row seat to the industry-shaking renegotiation of the “ER” license deal with NBC in 1998 that yielded to a then-record license fee of $13 million per episode for the smash hit medical drama. Hunegs was also a key player in managing renewals of “Friends” at NBC.

More recently, Hunegs helped bring “The Big Bang Theory” cast together for a final two-season deal. He also crafted an innovative and lucrative nine-figure compensation package to keep super-producer Greg Berlanti on the Warner Bros. lot at a time when Netflix and others have raised the financial stakes for talent pacts. Amid boom times for TV programming, Warner Bros. has doubled its scripted output during the past five years, and it made a big push to beef up its unscripted and international TV production capabilities.

In just two years at Digital Networks, Hunegs launched the Stage 13 digital content studio and digital-focused production partnerships with LeBron James and Ellen DeGeneres.

Hunegs plans to take some time off before setting out in search of his next gig.

More Biz

  • Leaving Neverland HBO

    'Leaving Neverland' Lawsuit Proves to Be a Judicial Hot Potato

    The Michael Jackson estate sued HBO last month for airing the documentary “Leaving Neverland,” which accuses the late King of Pop of serial child sexual abuse. Since then, the case has had a difficult time finding a judge to handle it. Three federal judges have recused themselves in the last week, citing potential financial conflicts [...]

  • Members of the public mourn at

    Guy Oseary’s New Zealand Fundraiser Nears $150,000, Continues Raising Money

    In the wake of the horrific shootings at New Zealand mosques last week that killed some 49 people, Maverick chief Guy Oseary launched a GoFundMe campaign to “support those affected by this tragedy at this very difficult time,” and began it with an $18,000 donation. Boosted by donations from many celebrities — including Amy Schumer, [...]

  • Cesar Sayoc Headshot

    Florida Man Pleads Guilty in CNN Pipe Bomb Case

    A Florida man pleaded guilty Thursday to sending pipe bombs to CNN and prominent critics of President Donald Trump. Cesar Sayoc appeared in federal court in New York, where he pleaded to 65 counts stemming from the mailing of 16 devices. He faces life in prison, plus 120 months, at his sentencing on Sept. 12. [...]

  • Tencent Profits Hit $1 Billion Per

    Tencent Profits Hit $1 Billion per Month as Company Loses Fizz

    Growing regulatory encroachments into its games business, a smaller than expected spin-off for its music division, and a fourth quarter profits drop, pointed to a troubling year for Chinese tech giant Tencent. Its financial results for the full 2018 period, while delivering profits of nearly $1 billion a month, appeared to bear out that thesis. [...]

  • splice

    Splice Raises $57.5 Million in Latest Funding Round

    Splice, a favorite of music creators that allows access to a library of three million rights-cleared sounds, announced today that the company closed a Series C funding round at $57.5 million. That brings Splice’s total amount raised to roughly $102 million since its launch in 2013. It raised a Series B in November of 2017. [...]

  • WGA Agents Contract Tug of War

    WGA Leaders to Meet With Showrunners on Agency Packaging Fight (EXCLUSIVE)

    WGA leaders are set to meet Wednesday night with a group of showrunners who are raising concerns about the guild’s handling of negotiations with talent agents over the issue of packaging fees and agency-affiliated productions. The meeting is set for 7:30 p.m. at WGA West headquarters. WGA West president David Goodman is expected to attend. [...]

  • Bill Murray St Vincent 2014

    Weinstein Co. Sued Over Trademark Infringement in Bill Murray Film

    A horse-racing announcer has sued the Weinstein Co., claiming that the company infringed on his trademarked phrase in a 2014 Bill Murray movie. Dave Johnson is the man behind “And down the stretch they come!,” which he began using while calling races in Illinois in the 1960s. The phrase took off when Johnson moved to [...]

More From Our Brands

Access exclusive content