Walter Hamada Apointed as New President of DC Films for Warner Bros

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"Walter is creative, resourceful, and committed to excellence, and will bring those qualities to his oversight of our superhero films", said Warner's president and chief content officer Toby Emmerich. Despite all this, Warner Bros. has not quite given up on its shared universe and is clearly hoping Hamada can find success like he did with It and Annabelle: Creation.

Following the disappointment of the Justice League movie, it's now reported that the DCEU has a new president which will oversee its comic book movies with Walter Hamada.

With the less-than-favorable box office showing and reviews for Warner Bros' Justice League, there was bound to be a shake-up for its DC Films initiative. Hamada is being named President, DC-Based Film Production, Warner Bros. He'll work closely with Berg's co-head of production, Geoff Johns, who's moving to a more advisory role. Pictures has promoted New Line Cinema executive Walter Hamada to be the head of production for the studio's DC films, its latest step to improve the quality and commercial performance of its key superhero franchise.

Hamada already has a strong connection to the DCEU in his relationship with Aquaman director James Wan, having worked with the filmmaker on the Conjuring franchise and its spinoffs.

Emmerich went on to add, "I'm confident Walter and Geoff, working with our filmmaking partners, will deliver films that will resonate with both broad global audiences as well as DC fanboys and fangirls".

Although last year's "Wonder Woman" was a major hit with critics and audiences, other DC movies such as "Suicide Squad" and "Batman v Superman: Dawn of Justice" have been savaged by critics.

According to reports from last month, investors and stockholders have been less than pleased with the way things have gone, so the installation of Hamada is meant to ease concerns that the DC trajectory is on the right track.

Warners finds itself at a crossroads as to where it should spend its development energies next, as the coming year will only bring one DC movie to theaters: Aquaman, directed by Conjuring helmer James Wan and set to open December 21.

Welcome aboard, Walter! Thrilled to be working with you! Johns tweeted. "It's been a blast on Shazam! - now it's off to the rest of the DCU!"