About six months ago, Warner Bros. film chiefs Mike De Luca and Pam Abdy were in the hot seat. On Wednesday, the studio announced it would be renewing their contracts.
Warner Bros. said Wednesday it will renew the contract for studio heads Mike De Luca and Pam Abdy after the two orchestrated a string of back-to-back hits at the box office.
The news is a notable reversal of fortune for the co-chairs and co-chief executives of Warner Bros. Motion Picture Group.
Only six months ago, the pair was on thin ice after a series of underperforming films, including Bong Joon Ho’s sci-fi thriller “Mickey 17” and the Robert De Niro-led mob movie “The Alto Knights.”
But the studio’s prospects dramatically changed in April with the release of “A Minecraft Movie,” which hauled in nearly $958 million worldwide.
