EXCLUSIVE: We hear that Jessica Holscott is departing Warner Bros Discovery. She had been named the new Head of Finance for WarnerMedia’s Studios and Networks Group back in August 2020, overseeing all financial activities of the division including financial reporting, budgeting and planning for future growth.
Before that role, Holscott served as EVP and CFO, WarnerMedia Entertainment. Prior to that, she served as EVP and CFO for HBO and, before that, she spent two-plus years as SVP of Investor Relations at Time Warner, where she led Time Warner’s cross-company merger planning efforts with AT&T, developing the blueprint for that integration.
Earlier in her career, Holscott served as VP Investor Relations and Treasurer for Delphi. She also spent 16 years at General Electric in various roles including CFO of GE Asset Management, and CFO for the NBC Universal TV Stations division.
Before the WarnerMedia-Discovery merger, WarnerMedia’s Studios and Networks Group aligned the studio’s content-focused teams, uniting the WB Pictures Group, HBO and HBO Max, the WB Television Group, DC, kids/young adults/classics (Cartoon Network, Adult Swim, Boomerang, TCM, Cartoon Network Studios, WB Animation), TBS, TNT, TruTV, Wizarding World, consumer products and gaming, in an effort to work together across titles, brands and franchises.
Under the David Zaslav-led Warner Bros Discovery, the motion picture side is divided into three buckets: Warner Bros. Pictures and New Line Cinema; DC-Based Film Production; and Warner Bros. Feature Animation.
There has been buzz about upcoming cuts in the next few months at WBD as Zaslav looks to find $3 billion in cost-saving synergies in the newly formed merger.
Warner Bros Discovery had no comment on Holscott’s departure.