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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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Warner Bros. Cooked HBO Max Subscriber Numbers, Misled Shareholders in Discovery Merger, Lawsuit Claims

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thewrap.com

grow the number of subscribers to its streaming service without regard to cost or profitability.”The plaintiff, a pension fund to benefit current and former police officers in Collinsville, Illinois, suggests that anyone who purchased WBD on the open market post-merger is qualified to join the lawsuit.It’s seeking a jury trial for monetary damages, alleging three separate Securities and Exchange Commission violations..

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