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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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Hollywood’s Big Streaming Pivot Will Be Costly for Indie Films (Guest Column)

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hollywoodreporter.com

When Universal, Disney and Warner Bros. revealed changes to their film release plans during the past nine months, the focus had been on tentpoles.

What largely hasn’t been addressed yet by these studios are the independent films, smaller titles with tiny budgets. These are films that over the years have been discovered at film festivals like Sundance, Berlin, Cannes and Toronto.

Or perhaps they were financed by the nowDisney-owned Fox Searchlight or now-defunct specialty labels. It seems reasonable to think the major studios’ push to prioritize streaming will take away significant attendance from movie theaters.

Read more on hollywoodreporter.com
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