The duo will serve as co-chairs and co-CEOs.

This morning, Warner Bros. films announced that its current DC Films sector, focusing primarily on movies, TV, and other media based on DC comics, will be replaced with DC Studios. DC Studios will be headed up by none other than filmmaker James Gunn and producer Peter Safran, who will both serve as chair and CEO of the sector. Gunn will be the primary authority on the creative aspects of production, while Safran will handle the minutiae like business practices and production process.

“DC has among the most entertaining, powerful, and iconic characters in the world and I am thrilled to have the singular and complementary talents of James and Peter joining our world-class team and overseeing the creative direction of the storied DC Universe,” Warner Bros. Discovery CEO David Zaslav said in a statement. “Their decades of experience in filmmaking, close ties to the creative community, and proven track record thrilling superhero fans around the globe make them uniquely qualified to develop a long-term strategy across film, TV, and animation, and take this iconic franchise to the next level of creative storytelling.”

Accurate. So pleased to be here. #DC pic.twitter.com/KpvdME4Pju

— James Gunn (@JamesGunn) October 25, 2022

“We’re honored to be the stewards of these DC characters we’ve loved since we were children,” Gunn and Safran said in a statement. “We look forward to collaborating with the most talented writers, directors, and actors in the world to create an integrated, multilayered universe that still allows for the individual expression of the artists involved. Our commitment to Superman, Batman, Wonder Woman, Aquaman, Harley Quinn, and the rest of the DC stable of characters is only equaled by our commitment to the wonder of human possibility these characters represent. We’re excited to invigorate the theatrical experience around the world as we tell some of the biggest, most beautiful, and grandest stories ever told.”