×
You will be redirected back to your article in seconds

Kevin Tsujihara’s Ouster Kicks Off a Week of Major Disruption in the Media Business

The sudden ouster of Warner Bros. Entertainment chief Kevin Tsujihara kicked off what is likely to go down as one of the most extraordinary weeks in Hollywood history, spelling enormous turmoil and transition across the media landscape.

In addition to the news about Tsujihara, which comes amid a wider shake-up of leadership at AT&T’s WarnerMedia, we are about to witness the end of an era for another major studio — Fox — and the beginning of a whole new chapter in entertainment.

Just as AT&T’s purchase of TimeWarner cleared its last potential hurdle — a challenge by the Department of Justice — the consummation of Disney’s $71.3 billion landmark acquisition of most of Rupert Murdoch’s entertainment kingdom on March 20 ushers in massive changes in the way companies adapt to a direct-to-consumer universe.

The new leaders at both WarnerMedia and Disney will face enormous obstacles in trying to reconfigure their respective assets and reshape their businesses to compete in the new world order.

To say that this week’s events are bringing disruption and distraction to these huge enterprises would be a gross understatement.

As old industry lions like Rupert Murdoch and Sumner Redstone recede further into the background, WarnerMedia CEO John Stankey has emerged as a media mogul who is fast asserting his newfound power. Tsujihara’s forced departure is the second major management shake-up to hit WarnerMedia in a matter of weeks, following last month’s surprise so-longs to two vets, HBO chief Richard Plepler and Turner president David Levy, and Stankey’s hiring of former NBC chief Bob Greenblatt to steer HBO, pilot TNT and TBS through turbulent times for ad-supported cable channels and oversee the launch of WarnerMedia’s global streaming platform.

Meanwhile, Disney honcho Bob Iger and his new lieutenants, including former Fox television leaders Peter Rice and Dana Walden, will have their work cut out for them as they preside over a combined media company that will have undeniable — and some rivals say monopolistic — domination of the entertainment space.

The saddest byproduct of this industry tumult is the toll it will take on all the hardworking individuals who will lose their jobs as a result.

Popular on Variety

More Biz

  • Harvey Weinstein

    Weinstein Can Get a Fair Trial in Manhattan, Says D.A.

    The Manhattan District Attorney’s office argued on Friday that Harvey Weinstein can get a fair trial in Manhattan, and blamed the producer’s defense team for much of the pre-trial publicity in the case. Weinstein’s attorneys have asked an appellate court to transfer the case — which is set to begin on Sept. 9 — to [...]

  • Leonardo DiCaprio Madonna

    Leonardo DiCaprio, Madonna Call for Action on Amazon Wildfires

    As wildfires rage at an alarming rate in Brazil’s Amazon rain forest, celebrities are using their platforms to bring awareness to the deforestation’s impact and to call for action. In the past week, stars like Leonardo DiCaprio, Madonna, Cara Delevingne and Ariana Grande have taken to Instagram to express their frustration with the lack of [...]

  • 'The Durrells' TV Show

    Greece Sweetens Production Incentives as Struggling Country's Economy Rebounds

    It’s taken the better part of a decade for Greece to show signs of recovery from the crippling crisis that almost pushed it out of the Eurozone. Now, with the economy slowly on the mend, the government is doubling down on efforts to jump-start the local film industry, giving a dramatic overhaul to the incentive [...]

  • Warner Music Group Partners With Audiomack

    Warner Music Group Partners With Audiomack

    Warner Music Group announced it has entered a partnership with the music streaming and discovery service Audiomack, marking the platform’s first licensing deal with a major label. According to the announcement, the two companies will work together on content concepts and explore ways to break emerging artists, connecting music fans with rising talent before they [...]

  • Scooter Braun Congratulates Taylor Swift on

    Scooter Braun Congratulates Taylor Swift on ‘Brilliant’ Album and Campaign

    Two days after Taylor Swift fired off the latest salvo in her battle with Scooter Braun, the manager congratulated the singer on the campaign around her “brilliant” new album, “Lover,” which arrived last night. The message came after Swift said she will be re-recording songs from her first six albums, which are now owned by [...]

  • David Koch Obit

    David Koch, Libertarian Activist and Billionaire Philanthropist, Dies at 79

    David Koch, brother of Charles Koch and one of the owners of Koch Industries, the second-largest private company in the U.S., has died at 79. According to the New York Times, Charles Koch announced the news of his brother’s death in a statement. Though he did not attribute to David’s death to a particular cause, [...]

  • Beverly Hills Realtor Accused of Stealing

    Beverly Hills Realtor Accused of Stealing From Usher, Adam Lambert

    A Beverly Hills real estate agent has been arrested on charges of stealing from the homes of celebrities, including Usher, Adam Lambert and “Real Housewives” star Dorit Kemsley. Jason Emil Yaselli, 32, is accused of encouraging an accomplice, Benjamin Ackerman, to enter homes during open houses in order to steal from them. Ackerman allegedly sold [...]

More From Our Brands

Access exclusive content