Warner Bros. Discovery Inks New Post-Split Contracts With Streaming Boss JB Perrette, Chief Revenue Officer Bruce Campbell

Warner Bros. Discovery entered into new employment contracts for two senior execs, JB Perrette and Bruce Campbell, that extend through 2029 and 2030, respectively. The new deals, disclosed Thursday, are contingent on the completion of WBD’s separation into two companies: Warner Bros., comprising streaming and studios, and Discovery Global, which will house the linear TV networks.

Campbell, currently chief revenue and strategy officer, is anticipated to become the COO of Warner Bros. post-split. Perrette, president and CEO of global streaming and games, is set to hold the same role at the newly separated Warner Bros. The separation is expected to be completed by mid-2026.

Campbell’s new agreement runs through Dec. 31, 2030, and Perrette’s agreement extends through Dec. 31, 2029 (unless those are renewed).

“Each of Mr. Campbell and Mr. Perrette entered into a new employment agreement with WBE that is contingent on, and only becomes effective upon, completion of the separation and provides for the terms and conditions of his employment with Warner Bros. following the Separation,” WBD said in an 8-K filing Thursday.

Last month, WBD also inked new employment agreements with president and CEO David Zaslav (who will become CEO of the new Warner Bros.) and CFO Gunnar Wiedenfels (who will become CEO of Discovery Global). Following the split, Zaslav’s new employment agreement as CEO of Warner Bros. will “significantly reduce his target annual compensation,” the company said last month. Wiedenfels’ pay package will be upped from his existing CFO compensation “to reflect his expanded responsibilities” as chief exec of Discovery Global.