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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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Media & Tech Stocks Drubbed, Nasdaq Sees Worst Session In Two Years As Markets Fall

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deadline.com

Media stocks joined tech in a downward spiral today as hopes of lower interest rates that have kept them relatively buoyant compared to tech seemed to give way to a broader malaise.

Investors have been rotating out of tech and into more value and interest-rate sensitive stocks since the last Fed meeting when chief Jerome Powell indicated lower rates are coming soon.

Alphabet’s overalltepid earnings yesterday after market close didn’t help, exacerbating a rout today. The Google parent fell 5%.

Tesla stock tumbled today after its quarterly earnings plunged and was one of the market’s biggest losers, falling more than 12%.

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