Warner Bros. Extends Top Execs' Deals After Blockbuster Year

In a major move, Warner Bros. Discovery chief David Zaslav has announced the early renewal of Michael De Luca and Pamela Abdy's contracts as co-chairs and CEOs of the Warner Bros. Motion Picture Group. Their previous deal was not set to expire until next year, but Zaslav has decided to extend their tenure, citing their "unwavering leadership and commitment" as critical to the studio's remarkable success in 2025.

This year, Warner Bros. has achieved a milestone that hasn't been reached since 2019 - surpassing $4 billion at the global box office with just 11 films. Hits like the Minecraft Movie, which grossed $957 million worldwide, the original horror film Sinners ($370 million), the successful Final Destination: Bloodlines reboot ($307 million), and the breakout horror title Weapons (over $250 million) have all contributed to the studio's triumph.

Zaslav praised De Luca and Abdy's commitment to "making fearless, entertaining and cinema worthy films for audiences of all ages." The duo has also garnered attention for their support of auteur-driven projects, such as the critically acclaimed One Battle After Another, which received a reported budget of up to $170 million. As Warner Bros. looks to the future, the studio plans to reintroduce new animated titles to its strategy alongside global tentpoles and its acclaimed horror franchise.