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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. Discovery Posts Loss on Big Restructuring Costs as DTC Subscribers Climb to 96 Million

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thewrap.com

increasing by $1 to $15.99 per month, a change not reflected in the just-reported quarterly results. The hike came as Warner plans to launch a combined, ad-supported offering of HBO Max and Discovery+ later this year at a lower price point.

It will also continue to offer a standalone version of the lower-cost Discovery+ service. In addition, Warner struck deals with Tubi and Roku to license 2,000 hours of content and launch a series of free, ad-supported channels to carry its movies and television shows.

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