Bruce Rosenblum, Warner Bros.’ head of television, will step down after losing a competition to become chief executive officer of Time Warner Inc.’s entire entertainment unit, a person with knowledge of the matter said.
“Jack the Giant Slayer,” a $200 million 3-D re-imagination of a children’s fairy tale, registered a disappointing $27.2 million in weekend sales for Warner Bros.’ New Line Cinema and partner Legendary Pictures.
The U.S. Securities and Exchange Commission may seek sanctions against two former State Street Corp. executives accused of misleading investors in a bond fund involved in a $313 million settlement with the agency.
Netflix Inc., the online and mail- order video service, acquired streaming rights to TV shows from CBS Corp. and Time Warner Inc. that air on the CW Network, adding serialized programs that appeal to younger audiences.
Time Warner Inc. promoted Kevin Tsujihara to run the Warner Bros. film and television studio, picking him over other internal candidates to tap his experience in the increasingly important digital-video market.