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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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Chinese Streamer iQiyi’s Woes Have Been Long in the Making
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variety.com
variety.comPatrick Frater Asia Bureau ChiefOnce billed as the “Netflix of China,” video streaming firm iQiyi is now laying off staff in order to bring its costs under control.
The former high-flyer is still busily promoting new original shows “Jirisan” and “Bad and Crazy,” but it may struggle to regain altitude.The Beijing-based company has previously been admired for its Chinese-made shows, smart software engineering and innovations, such as making the “Mysterious Summer,” a rare Chinese-Japanese TV drama.
It even experimented with development of user-programmable movie theaters.In 2017, it announced a deal with Netflix under which Netflix titles would be available day-and-date in China, where western entertainment-tech firms do not operate.
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