Warner Bros Games Refocuses With Leadership Changes
(WBD) has reorganized its games division to focus on strong properties. This has resulted in a restructuring of the company's game developers to focus on four core series: Harry Potter, Game of Thrones, Mortal Kombat, and DC.
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The restructuring has resulted in leadership changes, with Warner Bros. Games Montreal studio head Yves Lachance taking on the role of Senior Vice President for the Harry Potter and Game of Thrones series. NetherRealm studio head Shaun Himmerick has become the Senior Vice President who oversees games in the Mortal Kombat and DC series. Warner Bros. Games New York studio head Steven Flenory has been named the Senior Vice President of Game and Publishing Technology, Customer Service, Quality Assurance, and User Research.
JB Perrette, Warner Bros' CEO of Global Streaming & Games at, said, 'We are optimizing our team structure to develop long-term franchise roadmaps to delight players and fans of Harry Potter, Game of Thrones, Mortal Kombat and DC games.'
Warner Bros Games is undergoing these changes as its parent company prepares for a split. This will result in Streaming & Studios staying at one company, while the other handles its Global Networks business. Warner Bros Games will be included in the Streaming & Studios company. Both of these companies will be publicly traded.
Is WBD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts' consensus rating for Warner Bros is Moderate Buy, based on 10 Buy and eight Hold ratings over the past three months. With that comes an average WBD stock price target of $12.31, representing a potential 16.46% upside for the shares.
See more WBD stock analyst ratings
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