Ted Lim joins in a newly created role reporting to Motion Picture Group co-chiefs Michael De Luca and Pamela Abdy.
The Maddie Corman-starring drama about a familiar world falling apart will launch on Max Feb. 1 before jumping to HBO on Feb.
David Haddad, who has served as Warner Bros. Interactive Entertainment president for 12 years, is leaving the company.
Warner Bros. Discovery's restructuring aims to optimize cash flow from linear TV to pay down debt and invest in streaming.
Practical Magic 2 is moving forward at Warner Bros. as the studio is now eyeing Bird Box's Susanne Bier to direct the film.