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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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David Zaslav Tells Warner Bros. Discovery Staffers: ‘We Are Not for Sale’

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variety.com

William Earl Warner Bros. Discovery chief David Zaslav assured staffers across Warner Bros. Discovery on Wednesday that the company is not on the auction block.

The chairman-CEO of the newly merged entity made his remarks at a company-wide town hall meeting that was beamed out via Zoom to WB Discovery’s 40,000 employees worldwide.

Zaslav’s comments came in response to a question from an employee. WB Discovery was formed in April by the merger of AT&T’s WarnerMedia and the Zaslav-led Discovery.

There’s been speculation about more M&A to come for the conglomerate since before the merger agreement was completed. “We are not for sale,” Zaslav told employees during the 75-minute session. “We have everything we need to be successful.” More to come

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