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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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‘Friday The 13th’ producer sues studio over alleged profits row

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Friday The 13th producer Sean Cunningham is suing Warner Bros. and Paramount in a row over profits.As noted in The Hollywood Reporter, Cunningham has filed a lawsuit claiming the studios have “systematically miscounted” contingent compensation from a part of the Friday The 13th franchise.The film has grossed over $129 million (£94 million) according to the complaint.

However, Cunningham alleges that audits reveal improper deductions of fees and bonuses and have used “Hollywood Accounting”.NME has reached out to Paramount and Warner Bros.

for comment.Elsewhere in the complaint, further issues alleged undervalued licenses and undervaluing of revenue from things like merchandising and TV income, for example.On the defendants, the suit alleges.

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