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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. to Cut Operations in South Korea (Report)
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variety.com
variety.comPatrick Frater Asia Bureau ChiefWarner Bros. is to halt its investment and production in local films in South Korea, after completing its current slate of movies.“We’ve already stopped making fresh investments in Korean films,” an official from Warner Bros Korea told the Yonhap news agency on Wednesday. “We will also wrap up projects that are in post-production or in production.”The move would appear to be part of a review of business operations currently being conducted by WarnerMedia and its parent company AT&T.
It has consolidated production operations elsewhere in the world and has now begun shaking up distribution.The scale of the South Korean market makes the country attractive.
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