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

Dow Jones2021-05-19

Kevin Mayer left Disney for TikTok last year, then quit soon after

As the ink begins to dry on the mega merger between AT&T's WarnerMedia and Discovery, two big questions have surfaced: 1) Who will run their new powerhouse streaming service, and 2) How much will it cost to get rid of the current guy?

Kevin Mayer -- who left the helm of Disney's $(DIS)$ streaming juggernaut last summer to lead TikTok -- is being viewed as a contender to helm the as-yet-nameless WarnerMedia-Discovery venture

While one source close to the situation cautioned that it's too early to speculate and no decisions have been made, another noted that Mayer is friendly with a number of Discovery $(DISCA)$ and WarnerMedia insiders, including Discovery Chief Executive David Zaslav.

In March, Mayer was named chairman of DAZN, the sports streaming service owned by Len Blavatnik's investment firm Access Industries. DAZN is known as the "Netflix of sports" and is one of Britain's only tech unicorns.

Mayer also has helped raise money for a special purpose acquisition company, or SPAC, with The Forest Road Company. Still, insiders say he may be restless and reckon the WarnerMedia-Discovery job could pique his interest.

Meanwhile WarnerMedia CEO Jason Kilar appears to be on his way out, and the big question is what will it cost AT&T $(T)$. According to securities filings, Kilar is eligible to get cash and stock options worth $53 million after just a year on the job. But Kilar has also reportedly hired lawyers as he negotiates his exit, which has some AT&T insiders on edge.

"There's heightened sensitivity ... AT&T is already embarrassed," one source said, noting that AT&T already is taking a painful haircut on the sale. "The entire deal was a disaster and they don't need more bad press."

Discovery officials declined to comment. An AT&T spokesperson couldn't immediately be reached for comment.

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  • 2a3734f4
    ·2021-05-19
    Something big in his wallet? 
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  • Ultraviolet
    ·2021-05-19
    Like n comment
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  • MorphyInc
    ·2021-05-19
    Another move by Walt. Disney is priced at great value . Time to stock up
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    • SandDust
      What value you seeing in Disney? Appreciate your sharing.
      2021-05-19
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    • MorphyInc
      $167 to $174 , Lets go to $193 Mr Dis!
      2021-05-25
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  • schsch
    ·2021-05-19
    comment
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  • wx22
    ·2021-05-19
    Cool! Like and share please 
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    • Ultraviolet
      Like n comment
      2021-05-19
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    • wx22
      Thanks!
      2021-05-19
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    • Ultraviolet回复wx22
      Thank you
      2021-05-19
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    查看更多 2 条评论
  • AhKeong91
    ·2021-05-19
    Like and comment
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    • DHWY
      [Miser]
      2021-05-19
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  • TL1M
    ·2021-05-19
    Another merger 
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    • 2a3734f4
      It should, the roar before action.
      2021-05-19
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  • Ddsl
    ·2021-05-19
    Interesting
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    • Ddsl
      Right?
      2021-05-19
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  • 6446697
    ·2021-05-19
    Haha
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    • 6446697
      Lol
      2021-05-19
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  • Matchaa
    ·2021-05-19
    Wow 
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    • Ddsl
      Yeah
      2021-05-19
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  • jk1209
    ·2021-05-19
    Hmmm
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  • Racheltestin
    ·2021-05-19
    Like and comment pls thank you 
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    • AminB
      Done.Pls dO the saMe.ThAnks
      2021-05-19
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  • Matchaa
    ·2021-05-19
    👀👀
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  • 超级白
    ·2021-05-19
    G
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  • jk1209
    ·2021-05-19
    Hiiiii
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  • Stephen_Ong
    ·2021-05-19
    Nice
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    • Kelowee
      .
      2021-05-19
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    • jk1209
      go
      2021-05-19
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    • Ddsl
      Agree
      2021-05-19
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  • lizzy04
    ·2021-05-19
    Good
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  • Huatchin
    ·2021-05-19
    Goodbye 
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  • melonlike
    ·2021-05-19
    Nice
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