Magazine article Variety

WB Seeks Ways to Slash Costs

Magazine article Variety

WB Seeks Ways to Slash Costs

Article excerpt

Division heads across Warner Bros, have been mandated to assess their various businesses and find ways to trim overhead. Studio chief Kevin Tsujihara, who recently alerted the staff to impending layoffs, wants to reallocate resources to the company's high-growth businesses as part of a strategic plan to reposition Warner Bros. While it's yet unclear who or how many of the studio's 8,000 employees will be affected, film and television production units are expected to be the least hard-hit, given the commitment to invest in creative content. Marketing and distribution will likely be more in the cross-hairs, along with other non-production related areas, marcgraser

1 Warner Bros. Television Croup

Manages Warner Bros. Television, which produces series for broadcast networks; Warner Horizon Television (cable); Telepictures Prods, (first-run syndication); Warner Bros. Animation; Warner Bros. Domestic Television Distribution, Warner Bros. Inti. Television Distribution, Warner Bros. Inti. Television Prod., Warner Bros. Inti. Branded Services, Studio 2.0 (digital series), and the CW Television Network. Warner Bros. Television is the largest provider of network programming and had more than 60 series on the air during the 2013-14 season.

Hits: "The Big Bang Theory," "Arrow," "The Ellen DeGeneres Show," "TMZ," "Supernatural," "Two and a Half Men," "The Vampire Diaries," "Mom," "Person of Interest," "The Bachelor," "The Bachelorette," "2 Broke Girls," "The Following," "Pretty Little Liars," "Dallas," "The People's Court"

Misses: "The Carrie Diaries," "Bethenny," "Suburgatory," "The 100," "Hostages," "The Tomorrow People," "The Originals"; Studio 2.0 hasn't had a breakout hit Web series.

2 Warner Bros. Home Entertainment

Formed in 2005, the division oversees Warner Home Video and games arm Warner Bros. Interactive Entertainment, as well as Warner Bros. Advanced Digital Services (managing WB.com, RottenTomatoes, Flixster and Ultraviolet), Warner Bros. Technical Operations, and Warner Bros. Anti-Piracy Operations

Hits: TT Games (Lego), NetherRealm Studios ("Mortal Kombat" and "Injustice: Gods Among Us"), Rocksteady Studios ("Batman: Arkham").

Misses: Monetizing its library of 6,650 films and 3,000 TV programs - largest among studios, has gotten tougher as consumers shift from DVDs and Blu-ray to streaming and digital platforms. Its share of physical disc sales was 21% in 2012,17.9% in 2013. …

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