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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 Chief John Stankey Defends HBO Max Movie Release Strategy: ‘We Knew We Needed to Try Something Different’

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variety.com

Todd Spangler NY Digital EditorAT&T CEO John Stankey asserted that the release of Warner Bros.’s full 2021 movie slate on HBO Max and in theaters at the same time will be a “win-win-win” — for WarnerMedia, consumers and partners.Stankey acknowledged criticism that AT&T and WarnerMedia have faced from theater owners: “I know there’s a lot of noise out in the market, people with different viewpoints.” He added, “Anytime you’re going to change a model, it’s going to create a degree of noise.”But the AT&T chief, speaking Tuesday at the UBS Global TMT Virtual Conference, said that in light of the ongoing COVID pandemic and the unwillingness of consumers to go to theaters, WarnerMedia needed to find the best way to monetize the movie slate. “We.

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