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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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Culture Clash: Warner Bros.’ HBO Max Move Signals New Day in Hollywood

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variety.com

release its 2021 slate simultaneously in theaters and on HBO Max. That includes sprawling, special-effects-heavy tentpole pictures such as “The Suicide Squad” and “Dune,” as well as awards season hopefuls like “Judas and the Black Messiah” — all representing some $2 billion in production costs.

It’s a blow to movie theaters, which were already reeling from audiences’ skittishness about visiting multiplexes during a public health crisis, and a sign that the film business is being subsumed by the streaming revolution. “It’s shifting sands and changing times,” says David Permut, the Oscar-nominated producer of “Heartbreak Ridge.” “I still think theaters are the best way to see movies, but we’re an art form that depends on commerce, and.

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