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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).
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AT&T Q4: HBO Max Activations Double to 17.2 Million, Warner Bros. Revenue Declines 21%
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variety.comTodd Spangler NY Digital EditorAT&T said “Wonder Woman 1984” helped HBO Max double activations — to 17.2 million — in the fourth quarter of 2020.
But a 21% decline in Warner Bros. revenue for Q4, as well as other COVID-related impacts, pulled the down company’s revenue down and earnings for the quarter.At the end of 2020, WarnerMedia had 41.5 million HBO Max and HBO domestic subscribers, up 20% from 34.6 million a year prior.
AT&T said it hit the number two years faster than its initial forecast.During the quarter, AT&T took a $780 million charge related to from the impairment of production and other content inventory at WarnerMedia, with $520 million resulting from the continued shutdown of theaters during the pandemic and “the hybrid.
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