Latest news with #YvesLachance
Globe and Mail
10 hours ago
- Business
- Globe and Mail
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. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter 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 Disclaimer & Disclosure Report an Issue
Geek Culture
3 days ago
- Entertainment
- Geek Culture
Warner Bros. Games Restructures Team To Focus On 'Mortal Kombat', 'Harry Potter', 'Game of Thrones' & DC Titles
Warner Bros. Games is undergoing a company-wide shake-up, setting a new leadership team and restructuring its divisions based on four of its key franchises: Mortal Kombat , Harry Potter , Game of Thrones , and DC Universe titles. As reported by Variety, three current studio heads have been promoted to senior vice president: Warner Bros Games Montréal head Yves Lachance will now oversee development teams for Harry Potter and Game of Thrones titles, NetherRealm studio head Shaun Himmerick will do the same for Mortal Kombat and DC Universe games, and Warner Bros. Games New York studio chief Steven Flenory will oversee game and publishing technology, customer service, quality assurance and user research. Mortal Kombat 1 (2023) Fortunately, the company's overhaul and leadership changes will not result in any layoffs or the exit of any studio executives. 'Our company is home to some of the biggest franchises in the world, and 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,' said Global Streaming & Games CEO J.B. Perrette in a statement. 'We are very fortunate to have a strong stable of development and technology talent, and Yves, Shaun and Steven are respected leaders with excellent track records in their areas of expertise. I'm looking forward to working closely with them and the team as we work to make the best games possible for our key franchises.' Hogwarts Legacy (2023) This restructuring follows a strategy laid out by Warner Bros. in late 2024, to which the company revealed its plans to double down on the four key titles and IPs after a string of disappointments like Rocksteady's Suicide Squad: Kill the Justice League and the free-to-play brawler MultiVersus , with both titles severely underperforming and leading to million-dollar revenue losses for the company. The changes also fall in line with other smaller-scale shake-ups at Warner Bros., including Warner Bros. Discovery's split onto two media companies, Global Networks and Streaming & Studios, and the changing of naming conventions for its streaming service HBO Max, with reverted back to its original name after two years of rebranding as Max. Kevin is a reformed PC Master Race gamer with a penchant for franchise 'duds' like Darksiders III and Dead Space 3 . He has made it his life-long mission to play every single major game release – lest his wallet dies trying. Game of Thrones Harry Potter Mortal Kombat Warner Bros. Games WB Games
Yahoo
4 days ago
- Entertainment
- Yahoo
Warner Bros. Discovery Restructures Games Division to Focus on ‘Harry Potter,' ‘Game of Thrones,' DC and ‘Mortal Kombat' IP
Warner Bros. Discovery is restructuring its games division to focus on four of its core IP's: Harry Potter, Game of Thrones, DC and Mortal Kombat. As part of the move, Warner Bros. Games Montréal studio head Yves Lachance, NetherRealm studio head Shaun Himmerick and Warner Bros. Games New York studio chief Steven Flenory have all been promoted to senior vice presidents. Lachance will oversee the development teams working on the 'Harry Potter' and 'Game of Thrones' games, Himmerick will oversee the teams working on 'Mortal Kombat' and DC games and Flenory will oversee the teams behind game and publishing technology, customer service, quality assurance and user research. The trio will report to WBD global streaming & games CEO JB Perrette. 'Our company is home to some of the biggest franchises in the world, and 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,' Perrette said in a statement. 'We are very fortunate to have a strong stable of development and technology talent, and Yves, Shaun and Steven are respected leaders with excellent track records in their areas of expertise. I'm looking forward to working closely with them and the team as we work to make the best games possible for our key franchises.' The new leadership structure follows the departure of former games chief David Haddad in January. The restructuring comes after games revenue dropped 48% during WBD's first quarter of 2025 due to no new releases during the period, compared to the release of 'Suicide Squad: Kill the Justice League' in the prior year period, as well as higher carryover from 'Hogwarts Legacy' and 'Mortal Kombat 1' in the prior year. It also comes as the David Zaslav-led media giant is gearing up for a split of its global linear networks and studios and streaming businesses in mid-2026. In addition to Warner Bros. Games, the studios and streaming business will house Warner Bros. Television Group, Warner Bros. Motion Picture Group, DC Studios, HBO and HBO Max, Warner Bros. Tours, Retail and Experiences, as well as studio production facilities in Burbank and Leavesden. Executives have said that the streaming business is on track to generate at least $1.3 billion in profit by the end of 2025 and reach at least 150 million streaming subscribers by the end of 2026, which it plans to achieve through a combination of expanding Max internationally, strategic distribution partnerships and driving higher penetration of its ad-supported tier. Meanwhile, the studios business is targeting at least $3 billion in annual profit, with a specific timeline for achieving that remaining unclear. Global Networks will include CNN, TNT Sports in the U.S., Discovery, top free-to-air channels across Europe, Discovery+ and Bleacher Report (B/R). It will retain a 20% stake in the studios and streaming business to help the company deleverage and is expected to take the majority of WBD's roughly $37 billion in gross debt. The post Warner Bros. Discovery Restructures Games Division to Focus on 'Harry Potter,' 'Game of Thrones,' DC and 'Mortal Kombat' IP appeared first on TheWrap.
