Los Angeles, Nov. 10 -- In a shocking turn of events, James Gunn and Peter Safran are stepping down from their roles as co-CEOs of DC Studios.

The duo will be replaced by Jeremy Latcham, who will serve as President and Chief Creative Officer, as per Variety.

Gunn and Safran were appointed in 2022 by former Warner Bros. Discovery CEO David Zaslav, with an edict to fashion a true rival to Disney's Marvel Cinematic Universe. Under their direction, the duo rebooted the languishing DC Universe with last summer's "Superman," a relative success with USD 618 million globally, and then stumbled with July's "Supergirl," a massive bomb with USD 126 million on a USD 170 million budget. "Clayface," a darker, R-rated body-horror thriller, performed m...