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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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How Streamers and Dealmakers Alike Are Shifting Strategies Post-Strike

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variety.com

Todd Spangler NY Digital Editor There was a time when streamers — led by Netflix, burning a hole in its balance sheet with annual negative cash flow in the billions — were banking on double-digit subscriber growth.

And they were spending on content like there was no tomorrow. Well, tomorrow came. In the past 18 months, Wall Street has become laser-focused on the profitability of streaming services, not just their subscriber growth potential.

The trigger: Netflix’s first-quarter 2022 earnings report, which for the first time in a decade showed a sequential subscriber loss.

Suddenly, bam! Investors wanted to see a consistent monetary return on streaming. The ripple effects were felt across the sector, as Disney, Warner Bros.

Read more on variety.com
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