The new deals will hinge on the media giant carrying through with plans to split into Warner Bros. and Discovery Global, with new leadership teams.

Warner Bros. Discovery set up new contracts with senior executives JB Perrette and Bruce Campbell as the company prepares to split in two.

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.

Warner Bros. Discovery unveiled some key details of its upcoming separation with leadership and the names of the two new companies.

The venerable Burbank film and television studio properties, HBO, HBO Max streaming service and gaming properties will be part of Warner Bros. Cable networks, including TNT, CNN, HGTV, Animal Planet and Bleacher Report,

Warner Bros. Discovery, meet Warner Bros. and Discovery. The media company has officially announced the names and senior leadership teams for after it splits itself in two, with David Zaslav’s streaming and studios business to be called Warner Bros., and Gunnar Weidenfels’ global networks business to be called Discovery Global.

Warner Bros Discovery said the two companies created by the separation of its studio, streaming and cable TV units would be named Warner Bros and Discovery Global, unwinding a merger in less than four years due to seismic shifts in the entertainment industry.

Two of David Zaslav's chief lieutenants will be remaining with him for a while. JB Perrette, CEO & President of Streaming and Games and Bruce Campbell, Chief Operating Officer, have both re-upped their contracts with Warner Bros.