Warner Bros. Entertainment

American multinational film and entertainment corporation From Wikipedia, the free encyclopedia

Warner Bros. Entertainment Inc. (WBEI),[b] also commonly known as simply Warner Bros., is an American multinational entertainment corporation and the flagship holder of the Warner Bros. brand owned by Warner Bros. Discovery. Headquartered at the Warner Bros. Studios complex in Burbank, California, it was formed on December 3, 2002[10] to incorporate the Warner Bros.-branded film and television assets of then-parent company AOL Time Warner (later the second iteration of Time Warner and then, WarnerMedia).

Warner Bros.
Predecessors
Quick facts Trade name, Type ...
Warner Bros. Entertainment Inc.
Warner Bros.
TypeSubsidiary
IndustryEntertainment
Predecessors
FoundedApril 4, 1923; 103 years ago (1923-04-04) (earliest predecessor)
December 3, 2002; 23 years ago (2002-12-03) (current incorporated entity)
Founders
Headquarters4000 Warner Boulevard,
Burbank, California
,
US
Area served
Worldwide
Key people
Products
Brands
RevenueDecrease US$12.15 billion (2020)
Decrease US$2.07 billion (2020)
Number of employees
est. 8,000 (2014)
Parent
Divisions
Subsidiaries
Websitewarnerbros.com
Footnotes
[1][3][4][5][6]
Close

Warner Bros. Entertainment is best known for its main studio compositions, the Warner Bros. Motion Picture Group for the films/movies and the Warner Bros. Television Group for television. The Warner Bros. Motion Picture Group houses Warner Bros. Pictures, one of the "Big Five" major American film studios and the third oldest film studio in the United States still in operation (after Paramount Pictures and Universal Pictures, both founded in 1912), as well as the original flagship Warner Bros. brand holder and its distribution arm. The Motion Picture Group also includes New Line Cinema, Warner Bros. Pictures Animation, Warner Bros. Clockwork and DC Studios. Similarly, the Warner Bros. Television Group houses Warner Bros. Television Studios, the main Warner Bros.-branded television production and distribution company which holds a 12% ownership interest in the CW broadcast television network co-owned with Paramount Skydance and the Nexstar Media Group and is also the parent company of Alloy Entertainment.

Not all it is commonly referred to as simply "Warner Bros.", although some Warner Bros. branded entities are not part of Warner Bros. Entertainment. Warner Bros. Discovery Global Experiences is a separate division of Warner Bros. Discovery that includes Warner Bros. Games as well as theme park operations. Warner Music Group has been an independent company since being spun off from Time Warner in 2004.

The company's official mascot is Bugs Bunny, a cartoon character created by Ben Hardaway, Cal Dalton, Charles Thorson, Tex Avery, Chuck Jones, Bob Givens, and Robert McKimson as part of the Looney Tunes film series.

History

Predecessors

The company is indirectly derived from the original Warner Bros. Pictures, which was founded in 1923 by four brothers: Harry, Albert, Sam, and Jack L. Warner. The company established itself as a leader in the American film industry, before diversifying into animation, television, and video games.

Prior to 1992, the film and television production units derived from the original Warner Bros. Pictures were part of the Warner Bros. Inc. subsidiary of what was then Time Warner. That year, Time Warner transferred most of its film, television production, and cable businesses, including the Warner Bros. assets, into Time Warner Entertainment Company, L.P. (TWEC), a new limited partnership with Toshiba and C. Itoh & Co. where each invested US$500 million for a 6.25% share. The deal was intended to relieve debt pressure from the then-recent merger between Time Inc. and Warner Communications.[11][12]

In 1993, US West joined the partnership with a US$2.5 billion investment for a 25% share.[13] By 1996, TWEC was owned 74.49% by Time Warner and the remainder by US West.[14]

Current entity

In March 2003, AOL Time Warner regained full control of the Warner Bros. film and television production assets from TWEC and placed them in the newly formed Warner Bros. Entertainment Inc. wholly-owned subsidiary, which had been formed on December 3, 2002. (TWEC retained only Time Warner Cable, which was eventually spun off.)[10][15]

Warner Bros. Entertainment eventually gained new assets that had been derived from acquisitions. Several were derived from the 1996 acquisition of Turner Broadcasting System by Time Warner: Castle Rock Entertainment was moved into Warner Bros. Entertainment in 1997,[16] Turner Entertainment Co. by 2006,[17] New Line Cinema in 2008,[18] and Cartoon Network, Boomerang, Adult Swim and Turner Classic Movies in 2019.[19][20][21] Cartoon Network Studios and Hanna-Barbera Studios Europe became part of Warner Bros. Entertainment as a result of the 2022 merger with Discovery, Inc.[22]

Organization

Warner Bros. Motion Picture Group

Warner Bros. Television Group

Executive management

Chairman of the board

Vice chairman

Presidents

Chief executive officers

Chief operating officers

Notes

  1. Referred to in copyright and trademark notices simply as Warner Bros.
  2. Pronounced "Warner Brothers".[7] The abbreviated form is always used in writing, except when referring to the four Warner brothers themselves.[8] It is never read out loud as "Warner Bros" (-⁠BROHZ or similarly); the opening voiceover of The Lego Batman Movie (2017) alludes to this common mistake.[9]

References

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