The merger in April of WarnerMedia and Discovery to form Warner Bros. Discovery (NASDAQ: WBD) led to a restructuring of HBO, where some executives left. HBO has undergone significant changes, having had three separate owners in the past six years and also launched its streaming service HBO Max in May 2020. Zaslav’s five-year extension of Bloys’ contract is a vote of confidence in the executive whose efforts have led HBO and HBO Max to immense success.