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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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Fubo Losses Narrow In Q3; Pay-TV Operator “Encouraged” By Support In Legal Fight Against Disney, Fox And Warner Bros. Discovery

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deadline.com

As Fubo‘s legal battle against Disney, Fox and Warner Bros. Discovery continues, the pay-TV operator reported better-than-expected third-quarter results.

Revenue in the period ended September 30 increased 20% over the same frame a year ago to reach $386.2 million. Losses narrowed to 17 cents a share from 29 cents a year ago.

Those top- and bottom-line metrics both came in ahead of Wall Street analysts’ expectations. On a conference call with analysts to discuss the results, the company said it would not address the topic of Fubu’s lawsuit against the companies behind streaming joint venture Venu Sports.

Execs did take it on in their quarterly letter to shareholders. The suit is projected to go to trial next October. In the meantime, a federal appeals court is reviewing the U.S.

Read more on deadline.com
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