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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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TMZ Acquisition Helps Fox Corp. Expand Digital News Operations

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variety.com

Cynthia Littleton Business EditorFox Corp. aims to rev up the tempo of its digital news, sports and lifestyle offerings now that the company has completed its acquisition of TMZ from WarnerMedia at a price tag estimated at around $50 million.Fox has acquired all of the company behind the daily syndicated TV shows “TMZ” and “TMZ Live,” which have aired on Fox’s O&O stations since they debuted in 2007 and 2011, respectively.

The TMZ production banner was founded in 2005 by Harvey Levin, the former KCBS-TV Los Angeles correspondent, and the late Telepictures executive Jim Paratore as a division of Warner Bros.’ Telepictures production unit.Levin will continue to run the company and serve as frontman for the TV shows.

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