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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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Showbiz Shares Surge In First Trading Day Of Fourth Quarter

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deadline.com

Battered media stocks and major indexes bounced higher Monday, reversing course after opening in the red on the first trading day of the fourth quarter.

A correction, however brief, was due. The Nasdaq and the S&P 500 surrendered significant ground for the first three quarters of 2022 – their first such losing streak since the financial crisis in 2008.

The Dow hasn’t done as badly over that timeframe since 2015. September was especially brutal, with the DJIA, S&P 500 and tech-heavy Nasdaq down, respectively, 8%, 9.3% and 10%.

Tech stocks took a real beating. All three gained sharply today as the Dow closed up 765 points with advances across sectors.

Read more on deadline.com
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