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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 to Sell Its Stake in German Kids Channel Super RTL

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hollywoodreporter.com

RTL Group has agreed to buy out the Walt Disney Co.'s stake in the German kids channel Super RTL. The Cologne-based free-to-air network — Europe's largest commercial children's channel — was founded in 1999 as a 50-50 joint venture between RTL's German TV division, RTL Deutschland, and BVI Television Investments, Inc., a unit of Disney.

Under the deal announced Wednesday, RTL will acquire Disney's 50 percent stake in Super RTL, giving the German group full control of the channel.

Super RTL has been a money-spinner for Disney for decades but the studio's focus has shifted to online, with the launch in Germany last year of streaming platform Disney+.

Read more on hollywoodreporter.com
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