Toby Emmerich Releases Statement as He Steps Down as Warner Bros Chairman

Toby Emmerich, film executive and Picture Group chairman, is stepping down at Warner Bros. Emmerich was named chairman in 2018 and immediately saw ownership changes within the company. First, the company was sold to AT&T. However, massive debt and a shift in focus to building out a 5G network forced AT&T to sell, this time to Discovery. Emmerich isn’t completely gone, as he was offered a five-year production deal. David Zaslav has chosen longtime producers Michael De Luca and Pamela Abdy to oversee the Burbank-based film division.