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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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A Month Before GameStop, Retail Traders Delivered a $450 Million Windfall to Entertainment Giants

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hollywoodreporter.com
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Hollywood has taken full advantage of this year’s stock market frenzy, seizing on the David vs. Goliath and retail trader vs.

hedge fund storylines, which have already sparked about a dozen scripted and documentary television and film projects. But a month before "meme stocks" like GameStop and AMC Entertainment took flight and captured the public imagination, many of the world’s entertainment giants were the beneficiaries of a nine-figure windfall driven by retail trader enthusiasm.

According to filings with the Securities and Exchange Commission, ViacomCBS netted $213 million, Discovery Inc. saw a gain of $126 million, AMC Networks saw gross proceeds of $96 million, and Comcast has sold $15 million (so far).

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