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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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AT&T CEO John Stankey Defends Streaming Focus Amid Pandemic

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hollywoodreporter.com

AT&T Inc. CEO John Stankey has defended moves by the telco and media giant to shift its legacy theatrical business towards the streaming space with HBO Max amid the pandemic. "It was a bold and aggressive swing; it was done with a lot of thought about what needed to be done in the subscriber space and the balance of value in our franchises between our theatrical and streaming businesses," Stankey told analysts during a morning call following the release of AT&T's fourth quarter financial results.

In Dec. 2020, Warner Bros. and WarnerMedia announced they would severely disrupt the theatrical window and send the entire 17-picture 2021 film slate to the HBO Max streaming service, debuting titles on the same day they would open in whichever.

Read more on hollywoodreporter.com
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