Warner Bros. Discovery has unveiled a new employment contract for chief financial officer Gunnar Weidenfels as the studio moves towards a proposed merger with Paramount closing, pending current regulatory hurdles, and his current contract getting set to expire.
In a filing disclosed Thursday, Weidenfels, a once-future spinoff CEO for Discovery Global and longtime lieutenant to WBD CEO David Zaslav, will receive a new contract to kick in on July 11, 2026, and replacing an existing four-year pay deal to expire on July 10.
The merger of the Warner Bros. and Paramount film studios under one roof, combining the HBO Max and Paramount+ streaming services, and creating what will be the largest portfolio of linear TV channels in the country, encompassing CBS, TNT, TBS, CNN, HGTV, MTV, Comedy Central, Nickelodeon and many others, means WBD’s cable TV spinoff to be led by Wiedenfels is not expected to happen.
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