According to a report from The Hollywood Reporter, filmmaker James Gunn and producer Peter Safran will lead DC’s film, TV and animation efforts as co-chairs and co-CEOs of DC Studios, a newly formed division at Warner Bros. that will replace DC Films.

Gunn will focus on the creative side of things, while Safran will focus on the business and production side. However, they are both expected to continue to direct and produce projects, respectively. They will report directly to Warner Bros. Discovery CEO David Zaslav and work closely with Warners film bosses De Luca and Pamela Abdy.

The deal is allegedly a multiple-year contract and Gunn will exclusively be at DC. This means that the upcoming Guardians Of The Galaxy Vol. 3 will likely be his last Marvel film for the foreseeable future.

In a joint statement, they said:

“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.”