Warner Bros. CEO Kevin Tsujihara ousted after sexual misconduct allegations

Warner Bros. Chairman and CEO Kevin Tsujihara has been ousted after an investigation into sexual misconduct allegations.

“Kevin has contributed greatly to the studio‘s success over the past 25 years and for that we thank him,” WarnerMedia CEO John Stankey said in a statement Monday. “Kevin acknowledges that his mistakes are inconsistent with the company‘s leadership expectations and could impact the company‘s ability to execute going forward.”

Tsujihara was being investigated for allegedly promising acting roles in exchange for sex.

THR‘s report included text messages between Tsujihara and British actress Charlotte Kirk going back to 2013. WarnerMedia had previously said that a prior investigation did not find any misconduct in Kirk‘s casting in films like “Oceans 8.”

WarnerMedia, which is owned by , said it is continuing to work with a third-party law firm to complete its investigation with Tsujihara‘s cooperation.

The company has yet to name a successor for Tsujihara.

Tsuijhara, 54, had been with Warner Bros. for more than 24 years. He became CEO in early 2013 and became chairman position later that year. Tsuijhara, the first executive of Asian decent to head a major Hollywood studio, led Warner Bros. to have its most profitable year ever in 2017.

However, also under Tsuijhara‘s tenure, Warner Bros. struggled to produce DC superhero films at the same caliber of its counterparts at and Marvel Studios. It wasn‘t until 2017‘s “Wonder Woman” that the studio found true success, taking in $821 million in ticket sales worldwide. A year later, “Aquaman” became the first DC film to cross the $1 billion mark.

AT&T‘s stock remained relatively unchanged in midday trading.