4TH UPDATE: Here’s what the Warner Bros statement says Paul Levitz will do. “Paul Levitz, who has served as President & Publisher of DC Comics since 2002, will segue from that role to return to his roots as a writer for DC and become a contributing editor and overall consultant to DCE. This transition will take place as expeditiously as possible without disrupting DC’s business operations. In his new role, Levitz will be called upon for his deep knowledge and more than three-decade history with DC Comics, both as a comic creator and an executive. Besides serving as a writer on a number of DC Comics titles, he will be a contributing editor and consultant to DC Entertainment on projects in various media. Additionally, he will consult as needed on the transition and integration of the DC Comics organization into DC Entertainment and will utilize his unique experience, knowledge and relationships with the comics industry’s creative community to help achieve DC Entertainment’s goal of maximizing the value of DC properties. Further, Levitz will advise DC Entertainment on creative and rights-holder relationships, in particular regarding the legacy relationships that have been a part of DC Comics for decades.”
3RD UPDATE: DC Comics senior staff have just been told by Paul Levitz about the Warner Bros restructuring of their company. There’s still no public announcement. But DC Comics insiders are now telling me that Levitz, the president and publisher, said he will “transition out” after a new publisher is sought and found. He chose to leave after 35 years at the comic book company. As I reported early this morning, Warner Bros gave him an option to stay but in a different capacity. I now am told that there never was a scenario where he would have been reporting to Diane Nelson or where that didn’t sit well with him. “He was a constructive, positive partner in the restructure,” a source advises me. (But his reporting structure was going to change. Previously, he’d reported to Alan Horn) One insider told me Levitz’s conversation with senior staff this morning went like this, “Don’t worry. No one should sweat right now. It’s all going to be fine.”
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