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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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Sources: Directors Guild Rebukes Warner Bros. in Sharply Worded Letter Criticizing Streaming Plan

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

Days after WarnerMedia’s Dec. 3 reveal that it would premiere its entire 2021 slate of 17 films — including tentpoles like Godzilla vs.

Kong, Dune and The Matrix 4 — on HBO Max the same day the features hit theaters, the Directors Guild of America has sent a sharply worded letter to Warner Bros.

CEO Ann Sarnoff demanding a meeting to address its issues with the plan, sources tell The Hollywood Reporter. The letter, signed by DGA national executive director Russell Hollander, was sent to Sarnoff on the evening of Dec.

8, sources say. It does not explicitly threaten any action but expresses the guild's concerns about how films will be valued.

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