The Clap
Dan Lin, the producer of the movies “It” and “The Lego Movie”, has declined the opportunity to become head of Warner Bros Discovery’s (NASDAQ: WBD) DC Comics film and TV unit.
The Deets
Lin opted to stay with Rideback, the film & TV company he founded, after being the favorite to take on the role at Warner Bros Discovery.
Negotiations fell through as Lin’s ownership of Rideback complicated contract discussions.
Why this Matters
David Zaslav, CEO of Warner Bros, has been trying to revamp WarnerMedia by merging it with Discovery and eliminating content from HBO Max.
Warner Bros is trying to find its footing and replicate the success of Disney’s Marvel Studios over the years. Zaslav wants to maintain strong, sustainable growth for the DC Comics film unit.
What Now
Warner Bros is looking to reshuffle the DC Comics unit in order to set up a 10-year plan for the division.
Dan Lin says no to Warner Bros 🎬
