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“From our point of view,” Littman says, “the transition has been seamless.” Sitting in a sunlit conference room just steps from the office where Jack Warner built an empire, Tsujihara prefers to focus his interview on the 60% of the studio’s business (in adjusted operating income) that falls outside this year’s theatrical missteps.
Across most of the operation, revenues are mostly growing, and colleagues praise their CEO for being an incisive leader who has broken down organizational barriers.
When Kevin Tsujihara ascended to the top executive suite at Warner Bros. This story first appeared in the November 24, 2015 issue of Variety. In the 2½ years since Tsujihara was named chairman and CEO, and took command of Warners’ massive ship, the company has been riding a sea of fundamental change.
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And the company looks forward to a robust 2016 on the film front — powered by three tentpole releases, beginning with “Batman v Superman” in March, followed by another DC Entertainment property, “Suicide Squad,” in August, and the pre-Thanksgiving offering of J. Rowling’s Harry Potter spinoff, “Fantastic Beasts and Where to Find Them.” Warners may land another venerable movie franchise, James Bond.
At a recent breakfast meeting at the Montage hotel in Beverly Hills, Tsujihara and his pal, MGM chief Gary Barber, along with Warner Bros.
A year into Tsujihara’s tenure, Daly was quoted as calling for a No.
2: “If the company is going to grow,” Daly says, “he’s eventually going to need a chief operating officer.” One producer notes that the CEO has many other duties, at one time overseeing 18 direct reports. He notes that Daly and Semel, together, had 32 executives reporting to them, quipping that Tsujihara’s arrangement is “streamlined” by comparison. “I think for right now, with this team, I am very comfortable with how we are greenlighting films.” Warners’ TV operation is also run by a troika: Craig Hunegs, WBTV Group president of business and strategy; WBTV Group president and chief content officer Peter Roth; and WB Worldwide Television Distribution boss Jeffrey Schlesinger.
While the exec has been successful in guiding the studio’s TV and game divisions to strong results, he’s facing intense pressure to turn around the diminished fortunes of the movie arm.