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Warner Bros. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City.It was formed from WarnerMedia's spin-off by AT&T and merger with Discovery, Inc. on April 8, 2022.
The company is known for its film studio division, the Warner Bros. Motion Picture Group, which includes Warner Bros. Pictures, New Line Cinema, Warner Bros. Pictures Animation, Castle Rock Entertainment, DC Studios and the Warner Bros. Television Group. Bugs Bunny, a character created for the Looney Tunes series, is the company's official mascot.
Warner Alliance - a now-defunct contemporary Christian music division owned by Warner Music Group, which operated until 1998. The company was dissolved by Warner purchasing Word Entertainment. Warner Leisure, Inc. - 80% stake; previously known as Leisure Development Corp. of America; closed in 1985
Warner Bros. Discovery, CNN’s corporate parent, announced Thursday it is establishing a new corporate structure that splits off its cable networks from its growing streaming business.
This unit — called Studios & Streaming — will be comprised of the Burbank-based Warner Bros. movie and television studios, premium channel HBO and the Max streaming platform.
The division was incorporated as Warner Bros. Pictures on March 3, 2003, to diversify film subjects and expand audiences for their film releases. [30] The company became part of the Warner Bros. Pictures Group, which was established in 2008, and Jeff Robinov was appointed the first president of the company. [31]
Discovery Chief Executive David Zaslav made the announcement during a meeting with WarnerMedia employees at the Warner Bros. studio lot in Burbank, Calif., the company said.
Not only did this result in the company re-entering the cable television industry as a national programmer, but Warner Bros. also regained the rights to their pre-1950 [33] [34] film library, which by then had been owned by Turner (the films are still technically held by Turner, but Warner Bros. is responsible for sales and distribution), [35 ...