Celebs in News
Warner Bros
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).
Related Rumors
thewrap.com
Warner Bros
Coronavirus
death
testing
virus
Lay
Warner Bros
WarnerMedia to Lay Off Thousands as Coronavirus Hammers Bottom Line
Reading now: 238
thewrap.com
thewrap.comfirst reported by The Wall Street Journal on Thursday, are expected to be in the thousands and affect employees across Warner Bros.
studios and TV networks HBO, TBS and TNT. A rep for WarnerMedia declined to comment on the number of cuts or the divisions affected.
The WSJ added that WarnerMedia is looking to cut costs by as much as 20%.“Like the rest of the entertainment industry, we have not been immune to the significant impact of the pandemic,” a WarnerMedia spokesman said.
Read more on thewrap.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.