After Kevin Tsujihara’s Ouster, What’s in Store for Warner Bros.?

“Warner has no captain on a shaky ship,” one analyst says

It was all good just two weeks ago: WarnerMedia had just announced it was solidifying its ranks and Kevin Tsujihara was set to take on an expanded role as the studio’s chairman and CEO.

In a moment of nostalgia and celebration, Tsujihara and his wife, Sandy, greeted with a bear hug former Time Warner boss Jeff Bewkes and his girlfriend Lisa Carco at a dinner in Brentwood. The warm hug meant a certain passing of the torch, and an affirmation that with all the changes from AT&T’s $85 billion acquisition that Tsujihara had emerged intact, with even more power.

But in the aftermath of a The Hollywood Reporter article detailing a sexual relationship with actress Charlotte Kirk and an ongoing investigation into that relationship, Tsujihara has stepped down, sparking questions about the future of Warner Bros. as the studio prepares for its new life under its new telecom owner.

“This causes issues. This guy was doing pretty well,” said Ross Gerber, CEO of media investment firm Gerber Kawasaki. And just as the studio begins its transition, he added, “Warner has no captain on a shaky ship.”

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