Michael De Luca, Pamela Abdy to Exit Warner Bros. After Paramount Merger
Variety • • entertainment
Key Points:
- Michael De Luca and Pamela Abdy will not continue as chiefs of Warner Bros. under the new management team following the merger of Paramount Skydance and Warner Bros. Discovery, expected to close on October 6.
- Dana Goldberg and Josh Greenstein, Paramount film heads, are set to oversee both studios, which will each produce 30 films annually as part of the merger agreement.
- It remains uncertain whether De Luca and Abdy will stay on temporarily during the transition period.
- The change comes nearly a year after De Luca and Abdy’s contracts were renewed following Warner Bros.' significant box office and awards success, including 11 Academy Awards and a best picture win.
- David Ellison, leading the merged company, has appointed former Mattel CEO Ynon Kriez as co-CEO to manage daily operations, while key streaming leadership decisions remain unconfirmed.
