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Thursday, 19 September 2024

Warner Bros Discovery Crisis latest - Hollywood Reporter: Warner Bros. Discovery Adds John Malone’s Nephew Daniel Sanchez to Board of Directors

Story from Hollywood Reporter:

Warner Bros. Discovery is expanding its board of directors.

The entertainment company says that Daniel Sanchez will join its board beginning Oct. 1. Sanchez is no stranger to Discovery shareholders, as he previously served on the Discovery board before the 2022 WarnerMedia merger that created the current company.

He is also the nephew of fellow Warner Bros. Discovery board member and shareholder John Malone, and he currently serves on the boards of Malone’s Liberty Global Ltd. and also Liberty Latin America Ltd. Before he retired in 2021, Sanchez worked as an attorney, with a particular focus on tax law and tax planning.

Malone is a major shareholder in a number of media-related companies, including the Liberty companies (which control SiriusXM, Formula 1, the Atlanta Braves and other properties) as well as Charter Communications. He is also a mentor to Warner Bros. Discovery CEO David Zaslav.

Warner Bros. Discovery said in a statement that Sanchez’s legal expertise will help him “assist the Board in developing strategies that take into consideration a wide range of issues resulting from the application and evolution of tax laws and regulations.”

“Dan’s legal background, business experience, and exceptional service on the Discovery, Inc. board make him a positive addition to Warner Bros. Discovery’s Board,” said Samuel A. Di Piazza, Jr., board chair of Warner Bros. Discovery, in a statement. “The Company and the industry are in a time of exceptional change, and with that comes exceptional opportunity. Dan will be an important voice as the Board advises on growth plans, evolving consumer preferences, and strategic initiatives.”

© 2024 The Hollywood Reporter.