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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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Disney Sells Stake In German Family Channel Super RTL

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deadline.com
deadline.comdeadline.com:

Disney is continuing its retreat from traditional television by selling its stake in German family channel Super RTL.The U.S.

company’s joint-venture partner, the German broadcasting giant RTL, has acquired Disney’s 50% holding in the channel. RTL will now own 100% of Super RTL.Financial terms were not disclosed, and the transaction is subject to approval from German and Austrian competition authorities.Disney’s sale follows its decision last year to close its UK channels, Disney Channel, Disney XD and Disney Junior.

The American media giant is increasingly focusing its efforts on streamer Disney+.Super RTL airs a mixture of children’s programming and family-friendly general entertainment series, such as 30 Rock and House.

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