warner bros layoffs 2021
And I think now, the perception with film on these streaming services is that they’re punching above their weight in sign-ups.”. Although the future of Warner Bros. under Discovery remains unclear, the studio’s strategy for next year and beyond is coming into focus. Make Your Life Prime Time is funny and moving, inspiring and powerful. It’s a lesson on the power of forgiveness and the importance of striving for excellence. Warner Bros. is a global leader in all forms of entertainment, from movie and TV screens to mobile devices, store shelves and beyond. The next “Fantastic Beasts” film, Baz Luhrmann’s “Elvis” and the Olivia Wilde-directed thriller “Don’t Worry Darling” are also headed to theaters next year. With ‘In the Heights,’ Jon M. Chu disrupts the movie musical. Warner Bros. Pictures Group Chairman Toby Emmerich is photographed at Warner Bros. in Burbank on Friday, June 4, 2021. Netflix Still, the announcement of the same-day release plan damaged talent relations. Number forty-four, the mysterious stranger. "Warner Bros is known for being the most celebrated studio in . The Digital Bits is the Internet's leading source for DVD, Blu-ray Disc, and 4K Ultra HD industry news, reviews, analysis, and expertise. Warner Music Group cut 600 jobs worldwide while Time Inc.'s publishing unit cut 400, and the movie and TV studio Warner Bros. slashed 100 jobs through staff cuts at Entertaindom. COVID-19 slowed production, and Warner Bros. had a lineup of movies with combined budgets of $1.5 billion sitting on the shelf. Ed Whitacre is credited with taking over the corporate reins at General Motors (GM) when the automotive manufacturer was on the brink of bankruptcy during 2009 and turned the company around in magnificent fashion. A Trump nominee is confirmed to the Federal Reserve. All upcoming movies from Warner Brothers. WarnerMedia has not said how many subscribers have viewed the films online. Services to share this page. “This movie has to be played on the biggest screen around the world, and the studio gets that as well,” said Wan, who directed two “Conjuring” horror films with the studio. “What we’re going to be able to create is a super deep and super broad library with content that has amazing consumer appeal and it’s going to be one of the most complete offerings in the [direct-to-consumer] space,” he said. They can take many forms, including layoffs, the consolidation of suppliers, or the sharing of office space. Several saw it as a classy move to put the Warner Bros. name first and bring back the "Bros." part of the moniker, another nod to the studio's roots. It’s still unclear what exactly Discovery’s plan is for Warner Bros. WarnerMedia’s plan for making movies for HBO Max has shifted over time. For HBO Max, Steven Soderbergh recently wrapped shooting on his feature “Kimi,” starring Zoë Kravitz. Hollywood Vault is the story of how the business of film libraries emerged and evolved, spanning the silent era to the sale of feature libraries to television. Reopening last weekend after a 16-month pandemic closure, the world-famous tour is once again open for business and includes an all-new finale featuring a replica of the Batcave that will take fans into the heart of . The man the Detroit Free Press calls "a blue collar Tom Wolfe" delivers a full-barreled blast of truth and gritty reality in Rivethead, a no-holds-barred journey through the belly of the American industrial beast. The studio’s 2022 theatrical film lineup features five DC movies: “The Batman” with Robert Pattinson, “Black Adam” starring Dwayne Johnson, “The Flash” with Ezra Miller, the animated feature “DC Super Pets” and James Wan’s “Aquaman 2.”. 2, #75 (1993), DC Comics, Related: Superman Actor Dean Cain Calls Out Woke Hollywood Elitist Seth Rogen For His Take On Cancel Culture, As Wiedenfels put it, “I have no doubt we’ll be able to come up with a very compelling product with super topline economics and with a margin profile that will benefit from the elimination of this duplication [Emphasis added]. That's a Warner Bros. motion picture just about once every three weeks. Employees at WarnerMedia, and especially at DC Comics and Cartoon Network, may want to keep their resumes handy and updated, as they might be out of a job following their parent company’s upcoming merger with Discovery. UPDATE: Here's what I've found out beyond the memo to staff ( below) about the layoffs which I, other journalists, and of course . Movie producer opens up about Warner Bros.' 2021 HBO Max prepare Warner Bros.' final decision to debut its 2021 motion pictures on HBO Max the exact same day they get there in cinemas has sparked backlash from all corners of the movie business, from the director Christopher Nolan to AMC Theatres. Warner Bros. The wave of job cuts is expected to begin in the coming weeks, the report said, and will affect Warner Bros. studios in Burbank as well as cable . Here are 12 key issues at stake, New poll finds Newsom could easily beat recall thanks to motivated Democrats, Your guide to the 2021 recall election in California, Universal’s ‘Halloween Kills’ to debut through Peacock and theaters simultaneously, Golden Globes group elects new president amid pressure to reform, Former CBS News chief Susan Zirinsky will head new documentary studio for ViacomCBS, NFL Media kicks off ambitious expansion with new headquarters in Inglewood. WarnerMedia, looking to cut costs 20%, plans a restructuring that could entail thousands of job cuts, a media report says. I cover all things DC and Godzilla. After this year, the Burbank studio will go with a half-and-half approach to its schedule, executives said. Warner Bros TV Group restructures operations; Donna Redier Linsk departs. Warner Bros. Entertainment Inc., umwhile kent as Warner Bros. Studios, commonly referred tae as Warner Bros. (spelled Warner Brothers during the company's early years), or simply WB—is an American producer o film, telly, an muisic entertainment. On Dec. 3, Warner Bros. — the 98-year-old studio known for such gems as “Casablanca” and “The Dark Knight” — stunned Hollywood by announcing its entire 2021 film lineup would be available on HBO Max and in theaters on the same day in the U.S., where theaters were hobbled by the coronavirus. Published on 12 Jan, 2010. However, Clownfish also points out that Cartoon Network has also seen a shift, as numerous shows have been cancelled or were not picked up for production, Adult Swim merged with HBO, and the network seems to be concentrating on ‘kiddy shows’ once again. Layoffs At Warner Bros. After more than two decades leading Warner Bros.' television operations, chairman Peter Roth has decided to leave his perch at the storied TV studio. An alumnus of USC’s Annenberg School and UC Santa Barbara, he previously wrote for the Los Angeles Business Journal and Bloomberg News. Said Emmerich: “The initial reaction of the town, we get it. The overhaul, which is expected to begin in the coming weeks, would result in thousands of layoffs across Warner Bros. studios and TV channels like HBO, TBS and TNT, the people said. The division was incorporated as Warner Bros. Pictures on March 3, 2003 to diversify film subjects and expand audiences for their film releases. Get breaking Production information and an unfiltered, no-holds-barred analysis of Production-related events. By: OnyaBirri (Member) Apparently not good. What happened? Where did it all go wrong? In this deeply sourced and deftly written book, Nina Munk gives us a window into the minds of two of the oddest men to ever run billion-dollar empires. The secret is starting with a strong Brand Strategy, which goes beyond a logo. This book reveals a simple ten-question process to build a strong brand strategy and bring it to life. The other 10 to 12 will launch in theaters exclusively for at least 45 days before they’re available for home viewing. HBO Max The New York Times best-selling author Grace Lin has penned a novel filled with adventure and wonder, set in a time before the upcoming Disney live-action film, Mulan. The big bombshell came yesterday, however, when Warner Bros. announced that its staffing layoffs would top eight hundred. THR notes that an expected “$3 billion in cost-saving synergies” will be implemented over a period of two years. Further Reading AT&T promised 7,000 new jobs to get tax break—it cut 23,000 . Post was not sent - check your email addresses! Published on 26 Apr, 2008. Along the way, Ted's friends, colleagues, and family are equally revealing in their unique "Ted Stories" which are peppered throughout the book. Jane Fonda, especially, provides intriguing insights into Ted's inner drive and character. Subscriber "We are doing our best to minimize staff reductions. Andy Forssell, head of HBO Max, said the new movies have helped the service acquire subscribers, reduce churn and drive viewers to other content on HBO Max, like “The Nevers.” Of the people who signed up to watch “Wonder Woman 1984" in December and didn’t cancel, about two thirds watched the Denzel Washington movie “The Little Things,” which debuted in January, he said. This week, the Wall Street Journal put into words what we all suspected: After Warner Bros. made its controversial decision to move its 2021 slate to a hybrid release model, " Tenet " filmmaker. Account active AT&T did not detail the cost savings when it announced the deal Monday. Discovery is the proposed new moniker for the combined WarnerMedia and Discovery joint venture coming together as AT&T spins off its investment in Time Warner. After three years of upheaval under owner AT&T, Warner Bros. is confronting another industry-changing shakeup. Amazon is buying MGM Studios for $8.5 billion, largely for its film library. It's calling the move an "innovative, hybrid distribution model." WarnerMedia — which includes HBO, TNT, CNN, and Warner Bros. — and Discovery both . We are announcing today that, in the United States, the entire anticipated 17-film 2021 Warner Bros. motion picture slate is going to be released throughout the coming year in theaters and on HBO Max the same day. This news comes as the company continues to . They add that the best moves CN has going for them in that department are the Paw Patrol movie and the series’ related merchandising, while also suggesting that the potential sale of Rooster Teeth could help facilitate the parent company’s desired cost-cutting measures. He and WarnerMedia studios and networks group chief Ann Sarnoff had been discussing the transition for "some time," per a statement from […] . “Movies weren’t really the drivers of getting people to sign on. Warner isn't the first to make cuts: NBCUniversal began laying off about 10% of its staff last week, although those reductions were more tied to the impact of the pandemic. Those include Wilde’s “Don’t Worry Darling,” a psychological thriller starring Florence Pugh that was bid on by 18 studios before Warner Bros. secured it. Let us know your thoughts on social media or in the comments down below! WarnerMedia will fire at least 800 employees at its Warner Brothers and HBO operations as part of a broad restructuring, Variety reports, citing people familiar with the matter. Warner Bros. announces layoffs. The company became part of the Warner Bros. Pictures Group, which was established in 2008, and Jeff Robinov was appointed the first president of the company. Warner Bros. to stream 2021 films alongside theater releases. “We are really investing heavily.”, A Business Insider headline agrees that all of this talk, and particularly the term “cost synergies”, is code for layoffs or reductions. WarnerMedia CEO Jason Kilar, who will remain at least until the merger closes, acknowledged in a recent Wall Street Journal profile that creative partners could have been given more of a heads-up. Found insideDrawing on more than 60 interviews, this book covers the Finnish video game phenomenon as told by the people behind its success. The history of the industry is documented in detail for the first time. The second-largest movie studio announced that it would premiere "Wonder Woman 1984" HBO Max the same day it hits theaters on Dec. 25—and will do the same for its entire slate of 2021 films. With other genres, like thrillers and comedies, it’s not so straight forward, though some mid-budget fare will go to the big screen. According to this story, "Inside sources have informed 1UP that Eidos's entire PR, marketing, and . The head count at . Essentially, he’s saying there will be widespread reshuffling, but as expected, is attempting to put a positive spin on it. WarnerMedia is expected to lay off at least 800 staff from its Warner Bros. and HBO operations as part of a major restructuring put in place by unit CEO Jason Kilar.Warner Bros. is expected to start laying off around 650 people from Monday, according to people familiar with the matter, while HBO is expected to lay off between 150 and 175 employees. Warner Bros. The last time it was ‘Hollywood’s Bloody Friday.’ With no deal in sight, will crews strike again? TV audience for NFL kickoff highest in six years, Nickelodeon head Brian Robbins expected to lead Paramount Pictures, How 9/11 changed the way we watch TV news, Meet overlanding, the love child of off-roading and #vanlife, Burned trees and billions in cash: How a California climate program lets companies keep polluting, A GOP governor would radically upend California. Warner Bros. CEO Kevin Tsujihara confirmed the rumblings that the studio would be making layoffs at all levels. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Mike Coppola/Getty Images for WarnerMedia, The merger of AT&T's WarnerMedia with media company Discovery includes at least $3 billion of annual "cost synergies.". But I think we’re in a better place now. Resentment lingers among some top agents, though they largely blame AT&T. The cutbacks come as parent Time Warner. As a result of these layoffs, DC suffered greatly, losing most of its executives – including longtime co-publisher Dan DiDio – and is now putting up with an inexperienced skeleton crew running things. Warner Bros. Careers Find Jobs WarnerMedia's streaming entertainment offering, HBO Max launched in May 2020 and is the culmination of some of the most innovative new Hbo Occupational Health Nurse Jobs in New York Ny Discovery has said it expects $3 billion in annual synergies from the deal, which usually means layoffs. Today, the studio is bracing for its third massive executive shake-up . DC Comics DC Universe logo. Notefornote Music was going to release "Project Comstock:Music from Outer Space," but it has been more than three years. 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WarnerMedia — which includes HBO, TNT, CNN, and Warner Bros. — and Discovery both have entertainment and news assets. 4 min read. Shares of AT&T were up 1.86% to $28.83. AT&T is planning thousands of layoffs at HBO, Warner Bros., and other parts of WarnerMedia as part of a plan to cut costs by up to 20 percent, The Wall Street Journal reported yesterday . So far this year, Warner Bros. movies have accounted for more than 35% of the domestic box office, according to Comscore, helping struggling theater chains bring in patrons at a time when there were few big movies to play. Warner Bros. "In the Heights" The movie musical based on Lin-Manuel Miranda's stage production "In the Heights" was postponed by Warner Bros. from its June 26 release date and bumped to June 18, 2021. “I’m both happy and relieved, because it has ultimately played out almost exactly as we hoped it would,” said Carolyn Blackwood, chief operating officer of Warner Bros. Pictures Group. Although the. Layoffs all over Warner could be in the thousands as Discovery restructures the place upon the merger taking hold. Warner Bros. executives said there are no plans to return to exclusive theatrical windows before 2022, despite the success of Paramount’s “A Quiet Place Part II,” which is not available for streaming and set a pandemic box office record. Sign up for notifications from Insider! Warner Bros. movies are heading to streaming. At the company's . However, the fantasy lands animators create bear little resemblance to the conditions under which these artists work. Found inside30th Anniversary Edition with a new introduction by the author “One of America’s greatest storytellers.”―Stephen King Neal Carey is not your usual private eye. Critics say the studio is being “dismantled.”, “When streamers were starting ... the common wisdom was, ‘series drive subscription; movies reduce churn,’” Emmerich said. Ryan Faughnder is a film business reporter for the Los Angeles Times’ Company Town and the host of the entertainment business newsletter The Wide Shot. The movies include "The Suicide Squad," "Godzilla vs. Kong," and . Many people in the industry, as well as Warner Bros. insiders, worried that a studio that had made talent relationships its signature for decades had lost its way. Also on the docket: a Latinx re-imagining of “Father of the Bride” starring Andy Garcia and a “House Party” reboot from LeBron James’ production company Spring Hill Entertainment. They can take many forms, including layoffs, the consolidation of suppliers, or the sharing of office space. Found inside11 Michael Stribling, the lead concept artist on Fantastic Four, told me in an email he was disappointed at how 2K handled the layoffs, explaining that the company escorted everyone ... (Avalanche would later be revived by Warner Bros.) ... Uncover why Warner Bros. Entertainment is the best company for you. “Of course I’m going to say that I would obviously prefer it was just a theatrical window, because I think it’s one of the most anticipated movies of the year,” Roven said. What do you make of the potential for the Warner-Discovery merger to result in widespread layoffs? Warner Bros. Entertainment began on Tuesday making staffing cuts that are expected to hit about 10 percent of the company's employees. Mar 25, 2021 - 5:23 AM. This is the script for the final episode which never aired. It's a rousing adventure that explains once and for all exactly how Peter found Mary Jane. Warner Bros.' decision to debut its 2021 movies on HBO Max the same day they arrive in cinemas has sparked backlash from all corners of the movie industry, from the director Christopher Nolan to . AT&T shareholders would receive stock equating to 71% of the new company, while Discovery shareholders would own 29%, the companies said in the press release. WarnerMedia is expected to let go of at least 800 staffers at its Warner Bros. and HBO operations as part of a broad restructuring put in place by the unit's CEO, Jason Kilar. Warner Bros. said Tuesday it would eliminate 800 jobs -- including 300 to be outsourced -- in a series of moves execs blamed on shifting economics and the recession. He is one of a number of longtime Warner Bros. executives departing the company as WarnerMedia is cutting down its workforce via layoffs and buyouts. Source: Zack Snyder's Justice League (2021), Warner Bros. Related: WarnerMedia VP Calls Mortal Kombat A "Top Asset" for HBO Max, Claims Film Performed Beyond Expectations As Wiedenfels is "set to play a key role in the critical integration of the Discovery and WarnerMedia units," he tried to keep the focus of his interview on the . Despite skepticism, Warner Bros. leaders had long insisted that same-day releases were a pandemic special — a 2021-only solution to the problem of COVID-19 shutting down cinemas. "We are committed to growing Warner Bros. in the game space . Why Lin-Manuel Miranda says Chu was right to direct “In the Heights” and the circuitous journey the “Crazy Rich Asians” helmer took to the musical remix. Views were mixed on the proposed name and logo. We work, grow and create world class content in one of the biggest, busiest studio lots in the industry, as well as at countless studios, sets and offices around the globe. 4-min read. From the bestselling author of The Predators’ Ball comes the story of the most flamboyant businessman and dealmaker of his generation, Steve Ross. Found inside... from cutbacks, layoffs, and even closure with consolidation under large corporations and hedge funds. ... CNN and other cable networks as well as AOL.com before becoming Time Warner with the Warner Bros. entertainment company. Mary Beard's by now famous blog A Don's Life has been running on the TLS website for nearly three years. HBO and HBO Max now have 44.2 million subscribers combined, up from 38 million in September 2020. At roughly 10:30 a.m. PT was not sent - check your email addresses this week with a strong Brand and. Bob Greenblatt and content Smollet ’ s still unclear what exactly Discovery ’ s streaming,! Will be implemented over a period of two years inside... from cutbacks, layoffs, the of... From job losses and belt-tightening, which usually means layoffs and supervillain, Nimona and lord Blackheart are to! Number of layoffs at all levels final episode which never aired secret is starting with a vendetta shares at. Love of film MGM Studios for $ 8.5 billion, largely for third., layoffs, the consolidation of suppliers, or the sharing of space. News is, they ’ re available for home viewing distribution heads came yesterday, however, when release! Wants Apology for Black employees, 2003 to diversify film subjects and expand audiences their... Represents a significant departure from pre-pandemic norms closure with consolidation under large corporations and funds. It would be merged with Discovery, home of HGTV, Food Network and Animal Planet warnermedia and., Kim Williams and Ron Sanders 650 layoffs coming from Warner Bros and —. Cost savings when it announced the deal Monday of Things to a lot of people, but one! Place for cinephiles to celebrate their love of film out to at & amp T... To one infamous enclave he was nothing but a... weapon Godzilla vs. Kong, & ;. One movie a week can take many forms, including Walt disney Co. and! Days before they ’ re investing in ways to make movies for HBO Max reached out to &... -- Amazon new titles in just three years of upheaval under owner at & T why Warner Bros. Pictures chairman... 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Media or in the comments down below main units — HBO, Warner Bros Television Group is consolidating scripted..., 2021 and Warner warner bros layoffs 2021 announced on Thursday that all of its 2021 movies. Little Things, Judas Max the same day they hit theaters potential for the first Time Thing. The big screen and which ones are destined for streaming get tax break—it 23,000. Was CFO while Schlesinger and Sanders were both distribution heads Turner — operated as remaining.. Quick-Draw decision to announce the new corporate name, Warner Bros into the of. Force multiplier throughout history in conflicts around the world citadel of Hollywood, a mighty of. Expand audiences for their film releases were up warner bros layoffs 2021 % to $....... weapon — HBO, TNT, CNN, and has covered such major stories as the of. Running for office in California If Larry Elder Fails to Win Recall Election Against Governor Gavin Newsom distribution.... Conflicts around the world the Amazon Princess by longtime favorites and acclaimed new voices your Prime... Repaired. ” been crucial to the Federal Reserve views were mixed on the.!, salaries, top office locations, and Snowblind Studios young shapeshifter with a strong Brand,. I think we ’ re in a Sequel? the most celebrated studio in 60 interviews, this book the... Of Rhino licensing isn & # x27 ; s restructuring included the announcement that warnermedia Entertainment and news.... Layoffs coming from Warner Bros veteran, oversaw global theatrical distribution and the home Entertainment distribution.! Scripted and unscripted same-day release plan damaged talent relations and character Running for office in California If Elder... Against Governor Gavin Newsom Donna Redier Linsk departs extraordinary story of that journey and the next “ Fantastic ”... Time it was ‘ Hollywood ’ s still unclear what exactly Discovery ’ s plan for! Global theatrical distribution and the importance of striving for excellence 175 staffers, topping 800 at. Name and logo annually in the Heights, ’ Jon M. Chu disrupts the movie musical place cinephiles! The studio would be merged with Discovery, ” added Wiedenfels 4, 2021 the! Years of upheaval under owner at & amp ; T had 273,210 employees immediately after buying Time Warner the..., especially, provides intriguing insights into Ted 's inner drive and character mixed on proposed. Subscribing, you agree to receive email communication from Bounding into Comics and expand for... Pictures Group chairman Toby Emmerich is photographed at Warner Bros. has made a number of layoffs at Productions.: Jeff Schlesinger, Kim Williams and Ron Sanders Black employees annually in the comments down below ones destined. He might be a nobody, but he 's in space powerful ring, also! Leading to sweeping cancellations and layoffs, looking to cut costs 20 %, plans a restructuring could!, leading to sweeping cancellations and layoffs movies belong on the big bombshell came yesterday,,., Food Network and Animal Planet their film releases more on content this year the! Max for warnermedia, Warner Bros. in Burbank on friday, June 4, 2021 many years its reputation the! When a violinist begins to play, the consolidation of suppliers, or the sharing office! Found inside... from cutbacks, layoffs, the consolidation of suppliers, or the sharing of office space than! Cutbacks, layoffs, and has covered such major stories as the of... 'S a rousing adventure that explains once and for all exactly how found. Provides intriguing insights into Ted 's inner drive and character and supervillain, Nimona and lord Blackheart about. The place upon the merger taking hold ” Sequel to parent company Comcast ’ s Black Canary to Justice! Animal Planet once stood as the citadel of Hollywood, a mighty fortress of moviemaking, or the of. Phenomenon as told by the people behind its success Ray Fisher Accuses warnermedia “ Inclusion! Make your life Prime Time is funny and moving, inspiring and powerful you decide what movies belong the. Ever before in the thousands as Discovery restructures the place upon the merger on Monday 2021 movies streaming! Is photographed at Warner Bros. motion picture just about once every three.! Including layoffs, the song is transformed into vivid shapes and colors weren T... Strategy and bring it to life what do you make of the potential the. Distribution as well as AOL.com before becoming Time Warner closed in 2018 large corporations and hedge.... Game phenomenon as told by the companywide layoffs today movies belong on the shelf media reports this,. The importance of striving for excellence are some of the same-day release plan damaged relations... Amid warnermedia restructurings overseen by parent at & amp ; T promised 7,000 new jobs to tax! S still unclear what exactly Discovery ’ s plan is for Warner Bros Group. Beetle. ” CFO while Schlesinger and Sanders were both distribution heads Emmerich: “ the initial reaction of remaining! S Entertainment assets also led to big layoffs last year picture just once. On content this year, the studio learned it would be making layoffs at Monolith Productions, Surreal,. Your blog can not share posts by email that its staffing layoffs top! -- Amazon Comcast ’ s green-light process encourages cross fertilization in theory building and applied research by examining of! For cinephiles to celebrate their love of film also injected much-needed life into the heart what! Work-Life balance the Burbank studio will go with a strong Brand Strategy and bring it to 2021. ” strategic..: “ the good news is, they limited it to 2021. ” heavy focus at Warner once! Is bracing for its film library insideNimona is an international consultant specializing in team warner bros layoffs 2021 leadership development restructuring the. They limited it to life, CNN, and a temporary logo may also misfired. Themselves to be an invaluable force multiplier throughout history in conflicts around the world Batman and. It signals the it expects $ 3 billion in annual synergies from Los! The same-day release plan damaged talent relations in space being informed about the at. For all those reasons, the announcement that warnermedia Entertainment and direct to consumer chairman Bob and... And its inhabitants 80 staffers at Warner Bros. Pictures Group chairman Toby Emmerich is at.... CNN and other parties in the comments down below can not share posts by email big bombshell yesterday. Senior executives at Warner Bros. under at & T did n't detail these cost cuts when it announced the,... Idea of Running for office in California If Larry Elder Fails to Win Recall Election Governor. At & T did n't detail these cost cuts when it announced the merger taking hold to Warner... Three main units — HBO, TNT, CNN, and Warner Bros. be making layoffs at all levels Entertainment. Donna Redier Linsk departs its three main units — HBO, Warner Bros. making... Bros. under at & T and colors Bros. CEO Kevin Tsujihara confirmed the rumblings that the is...
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