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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 To Boost CEO David Zaslav’s Stock Bonus Based On Free Cash Flow

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Warner Bros. Discovery has tweaked its CEO’s employment contract, granting a bigger pot of restricted stock units but linking them to free cash flow targets.

David Zaslav, who is currently entitled to receive annual performance-related restricted stock (PRSU) awards with an initial value of $12 million, could now double the number of shares underlying that if the company meets targets.

And he’ll also receive PRSU award valued at$11.5 million. In an SEC filing today, WBD said it is also setting aside another $27 million worth of PRSUs for top executives and other employees.

Cash flow is a key metric, allowing companies to pay down debt. That’s a major focus for WBD, whose debt stood at nearly $50 million.

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