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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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HBO And HBO Max Add 2.7M Subscribers In Q1, AT&T Reports As It Beats Wall Street Earnings Expectations

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On a combined basis, HBO and HBO Max added 2.7 subscribers in the first quarter, WarnerMedia parent AT&T reported.The solid returns on streaming helped the telco and media giant beat Wall Street expectations in the quarter.

Adjusted earnings of 86 cents a share rose 2% and beat analysts’ consensus forecast of 86 cents.Total revenue hit $43.9 billion, up almost 3% and ahead of the Street number.HBO Max, the nearly year-old streaming service available at no extra cost to HBO subscribers, propelled the overall HBO number to 44.2 million subscribers.

Average revenue per user was $11.72.Last year, WarnerMedia decided to give HBO Max additional ammunition by putting Warner Bros movies on the service at the same time they debut in theaters.

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