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(Reuters) – WarnerMedia’s Bob Greenblatt and Kevin Reilly, executives who oversaw its HBO Max streaming business, will leave as part of a restructuring, the company said on Friday.
The restructuring is the first major action taken by Chief Executive Officer Jason Kilar, a former Amazon.com (O:AMZN) executive, who built Hulu.
“We are elevating HBO Max in the organization and expanding its scope globally,” Kilar said in a mail to staff.
Andy Forssell, general manager of HBO Max, will now lead a newly created HBO Max operating business unit, Kilar added.
AT&T Inc (N:T) hired Kilar to take charge at WarnerMedia as it battles Netflix (NASDAQ:NFLX) and Disney for streaming video customers.
Revenue from WarnerMedia segment, which includes HBO, fell 22.7% to $6.8 billion in the second quarter, with the COVID-19 pandemic having a $1.5 billion impact on sales.
WarnerMedia also said it would cut jobs, without disclosing the number of employees impacted.
