Aug 27 (Reuters) - Warner Bros Discovery ( WBD ) on
Wednesday named former media executive Brad Singer as the chief
financial officer for its studio and streaming business after
completion of the company's planned separation next year.
Singer will report to David Zaslav, who is set to become
president and CEO of Warner Bros. They earlier worked together
at Discovery Communications.
The media giant is splitting its units into Warner Bros and
Discovery Global, unwinding a merger in less than four years to
grow the streaming and studios business without the drag of the
declining networks unit.
Singer will become the CFO of Warner Bros, which houses the
crown jewels of WBD's entertainment library, including Warner
Bros and DC Studios as well as the HBO Max streaming service.
The global networks unit will include its cable networks,
CNN and TNT Sports as well as the Discovery+ streaming service.
"Brad was instrumental in driving significant value creation
and growth during our time together at Discovery
Communications," Zaslav said in a statement.
Prior to joining investment firm ValueAct Capital in 2012,
Singer served as the finance chief of Discovery Communications,
which merged with WarnerMedia in 2022 to form Warner Bros
Discovery ( WBD ).