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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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German Streamer Joyn Gets New Chief as Media Giant ProSiebenSat.1 Rings in Management Changes

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variety.com

Naman Ramachandran German media giant ProSiebenSat.1 is continuing its period of realignment with a host of changes in its management structure.

In 2022, ProSiebenSat.1 acquired German streaming service Joyn from Warner Bros. Discovery. The same year, the company bundled its production companies in Germany, the U.K., Denmark and Israel, under the newly established banner Seven.One Studios.

In July this year, ProSiebenSat.1 revealed that the group’s realignment after it acquired Joyn would result in the loss of 400 jobs.

And in August, quarterly results showed that declining TV advertising revenues in the German-speaking region contributed to revenues and profits plunging.

Read more on variety.com
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