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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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Endeavor Swings To Slim Net Profit In First Quarter As Public Company Despite 10% Revenue Slide Amid Pandemic
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deadline.comEndeavor’s total revenue slid 10% in the first quarter to $1.07 billion, but the company swung from a year-ago loss to $2.4 million in net income in the quarter.The report was the company’s first since going public in April.
The company’s portfolio includes entertainment agency WME; sports, fashion, events and media company IMG; and mixed martial arts circuit UFC.Operating income rose to $94.5 million from $53.8 million in the first quarter of 2020.
The $2.4 million in net income compared with a year-ago loss of $51.3 million. Adjusted EBITDA and adjusted net income increased to $199.5 million and $58.1 million, respectively, compared with $176.2 million and $43.8 million.“As we emerge from the pandemic, we are witnessing strong demand for
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