Global Streaming CEO Sells Large Stake in Warner Bros. Discovery, HR Head Settles Shares for Tax Purposes

On March 16, Warner Bros. Discovery, Inc. (WBD) disclosed that Jean-Briac Perrette, President and CEO of its Global Streaming division, sold several hundred thousand Series A common shares on the open market at approximately $27.42 per share. The transaction generated about $18 million (roughly ₩250 billion). After the sale, Perrette still holds roughly 1.17 million shares, preserving a significant residual stake.

On April 15, Chief Human Resources and Culture Officer Amy Gerdwood completed a compensation-share settlement to cover her tax obligations, disposing of several hundred thousand Series A common shares at $27.20 apiece. That stake was valued at approximately $6.1 million (about ₩9 billion). Following the settlement, Gerdwood’s direct and indirect holdings are worth around $21.8 million (approximately ₩30 billion).

Warner Bros. Discovery has also scheduled a special shareholders’ meeting for April 23 to vote on a proposed merger with Paramount Skydance. The companies intend, through the transaction, to launch a new global media and entertainment group. The deal is valued at about $110 billion (roughly ₩150 trillion) and has drawn controversy inside and outside Hollywood, with some actors and filmmakers publicly opposing it in an open letter.

Warner Bros. Discovery is a diversified global media group that owns Warner Bros. film studio, HBO, CNN and other brands. Centered on its streaming service Max, the company is accelerating subscriber growth, reaching about 130 million subscribers by the end of 2025. Jean-Briac Perrette leads the Max and global streaming businesses, spearheading the company’s digital-transformation strategy and growth objectives for its streaming segment.