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David Zaslav tells Warner Bros. staff members. Discovery: “We are not for sale”

The head of Warner Bros. Discovery’s David Zaslav assured Warner Bros. staff members on Wednesday. Discovery that the company was not up for auction.

The president and CEO of the newly merged entity made his remarks during a company-wide town hall meeting that was broadcast via Zoom to WB Discovery’s 40,000 employees worldwide. Zaslav’s comments came in response to a question from an employee. WB Discovery was created in April by the WarnerMedia merger of AT&T and Discovery, led by Zaslav. There has been speculation of other upcoming mergers and acquisitions for the conglomerate ahead of the merger deal.

“We’re not for sale,” Zaslav told employees during the 75-minute session, a source confirmed. “We have everything we need to succeed.”

Zaslav talked about Warner Bros.’ land in Burbank. He was joined live by the newly appointed film crew from Warner Bros. Pictures composed of Michael De Luca and Pam Abdy, the president of Warner Bros. TV Group Channing Dungey and HBO/HBO Max Chief Content Officer Casey Bloys.

Zaslav spoke of the company’s desire to see its annual film output restored to 15-20 releases per year, across all genres. He also highlighted the importance of the company’s linear cable networks as a revenue and promotional engine for HBO/HBO Max and Warner Bros. Pictures.

Zaslav noted that TNT, TBS, CNN, Discovery, Food Network, HGTV, TLC and other linear channels under the WB Discovery umbrella reach some 30 million American households daily. He noted that linear marketing and promotional muscle on internal platforms were crucial to recent successful launches of “Elvis,” “Don’t Worry Darling” and HBO’s highly anticipated “House of the Dragon.” Additionally, Warner Bros. TV delivered an Emmy-winning television hit with ABC’s “Abbott Elementary.”

The event marked the first town hall Zaslav has held since shortly after the Warner Bros. deal was finalized. Discovery in April. He acknowledged the turmoil caused by the company’s merger, restructuring and layoffs. He told staff members the company was moving “as quickly as possible” to finalize hierarchies and staffing levels to move to the other side of the onboarding process.