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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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Cinema Stocks Mixed Friday As Biz Absorbs Warner Bombshell; Cinemark, Imax Rally, AMC Falls More
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deadline.comMovie theater stocks were mixed Friday as the industry absorbed shock waves from Warner Bros.’ window-smashing announcement the day before when the cinema group collectively plunged by double digits.The smaller publicly-traded U.S.
chains have lower debt and are in better financial shape. Third and fourth ranked circuits Cinemark and Marcus both rose by more than 8%.
Imax gained nearly 4%.But AMC Entertainment, the largest and most indebted of the group, extended losses, closing down 3.4%, off its low for the session but extending a hefty 21% drop on Thursday.
AMC yesterday filed to sell up to 200 million shares to raise desperately needed fresh cash.Shares of financially strapped U.K.
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