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Warner Bros. Discovery Finalizes Post-Spin-Off Contracts for Perrette and Campbell

The agreements lock in leadership roles with defined pay structures at Warner Bros., effective upon the mid-2026 separation.

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Overview

  • The contracts take effect when Warner Bros. Discovery splits into Warner Bros. for streaming and studios and Discovery Global for linear networks by mid-2026.
  • Bruce Campbell’s deal runs through December 2030, positioning him as COO of the new Warner Bros. arm.
  • JB Perrette’s agreement extends to December 2029, securing his role as president and CEO of global streaming and games at Warner Bros.
  • Both executives will receive $2.3 million base salaries with cash bonuses targeting 200% of base pay under their post-split terms.
  • Each deal also boosts their 2025 equity grants to a $9.5 million target, outlining enhanced annual awards under the new entity’s incentive plan.