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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. Needs to Regain its Luster After Turmoil of AT&T Years
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variety.com
variety.comCynthia Littleton Business EditorWarner Bros. once stood as the citadel of Hollywood, a mighty fortress of moviemaking.Today, the studio is bracing for its third massive executive shake-up in as many years.
The special aura that always seemed to hover around the sprawling Burbank lot looks more like a dense fog these days.The mood at the studio can only be described as grim following the bombshell news on May 16 that AT&T had secretly orchestrated a deal with Discovery that will once again alter the playing field.
Now, Warner Bros. and the rest of WarnerMedia will be in limbo for at least a year while a fleet of lawyers and bankers complete the transaction with Discovery.
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