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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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Warren Buffett Buys $2.6 Billion Stake in Paramount Via Berkshire Hathaway

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financial filings made public on Monday.Paramount is the third company with a major streaming service that Berkshire Hathaway has invested in, joining Apple with its service Apple TV+ and Amazon with Amazon Prime.

Paramount Global reported in quarterly earnings earlier this month that Showtime and Paramount+ had a combined 62 million subscribers.

Buffett also more than quadrupled his stake in scandal-ridden video game company Activision Blizzard ahead of its planned acquisition by Microsoft.

In a recent shareholders meeting, Buffett said that the investment in that company was made anticipating that the merger will be completed and that Activision Blizzard’s shares will rise from their current value of $78 to the offer price of $95.

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