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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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After ‘Tenet’ Stumbles and ‘Wonder Woman 2’ Moves, Movie Theaters Brace for Rough Fall

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variety.com

lifted restrictions on movie theaters. Mike Sodano, who owns both venues, says that even though he can turn on the marquee lights again after dimming them for roughly six months, he’s hesitant to start welcoming back customers.“Movie theaters need three things to sustain themselves,” says Sodano. “They need profits, they need people and they need product.

Well, this pandemic has affected all three.”Sodano isn’t sure when he’ll begin making moves to reopen. The box office performance of Warner Bros.’ “Tenet,” the Christopher Nolan science-fiction epic that many exhibitors hoped would lure audiences back to cinemas during the coronavirus, has done little to assuage his anxiety.

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