Ex-TikTok CEO seen as contender to steer WarnerMedia-Discovery streaming spinoff

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Because the ink begins to dry on the mega merger between AT&T’s WarnerMedia and Discovery, two large questions have surfaced: 1) Who will run their new powerhouse streaming service, and a couple of) How a lot will it price to eliminate the present man?

Kevin Mayer — who left the helm of Disney’s
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streaming juggernaut final summer season to steer TikTok — is being seen as a contender to helm the as-yet-nameless WarnerMedia-Discovery enterprise, sources informed The Publish. (Mayer famously ditched TikTok three months in after the service’s ties to China bought it into bother with the Trump administration.)

Whereas one supply near the scenario cautioned that it’s too early to invest and no choices have been made, one other famous that Mayer is pleasant with plenty of Discovery
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and WarnerMedia insiders, together with Discovery Chief Govt David Zaslav.

In March, Mayer was named chairman of DAZN, the sports activities streaming service owned by Len Blavatnik’s funding agency Entry Industries. DAZN is named the “Netflix of sports activities” and is one in every of Britain’s solely tech unicorns.

Mayer additionally has helped increase cash for a particular function acquisition firm, or SPAC, with The Forest Highway Firm. Nonetheless, insiders say he could also be stressed and reckon the WarnerMedia-Discovery job may pique his curiosity.

In the meantime WarnerMedia CEO Jason Kilar seems to be on his method out, and the large query is what’s going to it price AT&T
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In keeping with securities filings, Kilar is eligible to get money and inventory choices value $53 million after only a 12 months on the job. However Kilar has additionally reportedly employed attorneys as he negotiates his exit, which has some AT&T insiders on edge.

“There’s heightened sensitivity … AT&T is already embarrassed,” one supply mentioned, noting that AT&T already is taking a painful haircut on the sale. “Your entire deal was a catastrophe and so they don’t want extra unhealthy press.”

Discovery officers declined to remark. An AT&T spokesperson couldn’t instantly be reached for remark.

This report initially appeared on NYPost.com.

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